10 Best Tech Stocks Based on Predictive Analytics: Returns up to 6.70% in 3 Days

10 Best Tech Stocks

This Tech Stock forecast is based on stock picking strategies for investors and analysts who need predictions for the 10 best tech stocks in the Technology Industry (see Tech Stocks Package). It includes 20 stocks with bullish and bearish signals:

  • Top 10 Tech stocks for the long position
  • Top 10 Tech stocks for the short position

Tech Stocks 165
Package Name: Tech Stocks
Recommended Positions: Long
Forecast Length: 3 Days (11/14/2018 – 11/17/2018)
I Know First Average: 2.64%
10 Best Tech Stocks

Several predictions in this short-term 3 Days forecast saw significant returns. The algorithm had correctly predicted 8 out 10 stock movements. MCHP was the top performing prediction with a return of 6.70%. SYMC and AMAT saw outstanding returns of 6.02% and 5.70%. With these notable trade returns, the package itself registered an average return of 2.64% compared to the S&P 500’s return of 0.52% for the same period.

Microchip Technology Incorporated, incorporated on February 14, 1989, is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products. Its functional activities include sales, marketing, manufacturing, information technology, human resources, legal and finance.

The Company’s product portfolio comprises general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers, a spectrum of linear, mixed-signal, power management, thermal management, radio frequency (RF), timing, safety, security, wired connectivity and wireless connectivity devices, as well as serial electrically erasable programmable read-only memories (EEPROMs), serial flash memories, parallel flash memories and serial static random-access memory (SRAM) memories. It also licenses Flash-IP solutions that are incorporated in a range of products. Its synergistic product portfolio targets various applications across the world in the automotive, communications, computing, consumer and industrial control markets.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.