Brazil Stock Market Based on Artificial Intelligence: Returns up to 129.72% in 3 Days

Brazil Stock Market

This Bovespa Stock forecast was generated by the I Know First Algorithm through its analysis of market data and is part of the By Country Package. The full forecast includes daily predictions for the Brazil stock market for a total of 20 stocks with bullish and bearish signals:

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

Package Name: Bovespa
Recommended Positions: Long
Forecast Length: 3 Days (07/07/2019 – 07/10/2019)
I Know First Average: 16.73%
Brazil Stock Market

In this 3 Days forecast for the Bovespa Package, there were many high performing trades and the algorithm correctly predicted 7 out 10 trades. The top-performing prediction in this forecast was RPMG3.SA, which registered a return of 129.72%. Other notable stocks were HBOR3.SA and ROMI3.SA with a return of 25.00% and 11.04%. The package had an overall average return of 16.73%, providing investors with a 15.07% premium over the Bovespa’s return of 1.66% during the period.

Refinaria de Petroleos de Manguinhos SA em Recuperacao Judicial is a Brazil-based company primarily involved in the petroleum refining. The Company is active in the operation of a petroleum refinery, located in the Brazilian state of Rio de Janeiro, as well as in the import of crude oil and sale of oil derivatives. The Company’s product portfolio includes gasoline, diesel, mineral spirits, hexane, heptanes, paraffin mineral oil and lubricating oils. In addition, it provides services of storage, loading and unloading of cargo to other companies. The Company has a number of subsidiaries, including Manguinhos Distribuidora SA, Manguinhos Quimica SA, Biomanguinhos Produtora de Biodiesel SA and Manguinhos Terminais de Graneis Liquidos SA.

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.