Brazilian Stock Market Direction Forecast Based on Pattern Recognition: Returns up to 52.42% in 7 Days

Brazilian Stock Market Direction Forecast

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 Brazilian stock market direction forecast includes daily predictions 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: 7 Days (05/22/2019 – 05/29/2019)
I Know First Average: 6.72%
Brazilian Stock Market Direction Forecast

The algorithm correctly predicted 7 out 10 of the suggested trades in the Bovespa Package for this 7 Days forecast. BPAN4.SA was the highest-earning trade with a return of 52.42% in 7 Days. Additional high returns came from KROT3.SA and DIRR3.SA, at 6.09% and 4.24% respectively. The package had an overall average return of 6.72%, providing investors with a 4.52% premium over the Bovespa’s return of 2.20% during the period.

Banco Pan SA, formerly Banco Panamericano SA, is a Brazil-based commercial bank. The Bank provides a range of financial services and products, including consumer loans, passenger car leasing, and sales financing, among others. The Company operates through five main segments: Financial, which offers consumer credits, credit cards, leasing and investment services; Consortium, which is involved in the management of third party goods, such as cars, motorcycles, electronics and real estate properties; Receivables Securitization; Sales Promoter, and Others. The Company offers its services both to individual and business clients.

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.