Stock Forecasting Based on Pattern Recognition: Returns up to 34.55% in 14 Days

Stock Forecasting

This forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

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

Package Name: By Country – Turkish Stocks
Recommended Positions: Long
Forecast Length: 14 Days (06/19/2018 – 07/03/2018)
I Know First Average: 8.14%
Stock Forecasting

8 out of 10 stock prices in this forecast for the By Country – Turkish Stocks Package moved as predicted by the algorithm. TKNSA.IS was our best stock pick this week a return of 34.55%. MCTAS.IS and TMPOL.IS followed with returns of 31.58% and 11.59% for the 14 Days period. The package saw an overall yield of 8.14% versus the S&P 500’s return of -2.18% implying a market premium of 10.32%.

Teknosa Ic ve Dis Ticaret AS is a Turkey-based company engaged in the retail trade of electronics. Its products mainly comprise of a wide range of consumer electronics and household appliances, such as dishwashers, vacuum cleaners, televisions, mobile phones, digital cameras as well as personal computers, among others.

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.