Market Forecast Based on Algo Trading: Returns up to 16.26% in 7 Days

Market Forecast

Market Forecast. This Brazil 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 a total of 20 stocks with bullish and bearish signals:

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

Package Name: By Country – Brazilian Stocks
Recommended Positions: Long
Forecast Length: 7 Days (09/04/2017 – 09/11/2017)
I Know First Average: 5.00%
Market Forecast

The algorithm correctly predicted 8 out 10 of the suggested trades in the By Country – Brazilian Stocks Package for this 7 Days forecast. SID was the highest-earning trade with a return of 16.26% in 7 Days. Additional high returns came from GOL and BBD, at 14.42% and 4.55% respectively. The package had an overall average return of 5.00%, providing investors with a 4.53% premium over the S&P 500’s return of 0.47% during the period.

Companhia Siderúrgica Nacional ADR  (SID)  operates as an integrated steel producer primarily in Brazil. It operates through five segments: Steel, Mining, Cement, Logistics, and Energy. The company primarily produces carbon steel and various steel products for automotive, home appliance, packaging, construction, and steel processing industries.

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.

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