Stock Market Analysis Based on Deep Learning: Returns up to 4.85% in 3 Days

Stock Market Analysis

This forecast is part of the Top 10 Stocks Package, as one of I Know First’s systematic trading tools. The full package includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

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

Package Name: Top 10 Stocks
Recommended Positions: Long
Forecast Length: 3 days (03/23/2018 – 03/26/2018)
I Know First Average: 1.26%
Stock Market Analysis

Several predictions in this short-term – forecast saw significant returns. The algorithm had correctly predicted 7 out 10 stock movements. ABX was the top performing prediction with a return of 4.85%. PE and PBF saw outstanding returns of 3.64% and 2.11%. With these notable trade returns, the package itself registered an average return of 1.26% compared to the S&P 500’s return of 0.56% for the same period.

Barrick Gold Corporation (ABX) engages in the exploration and development of mineral properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. It primarily explores for gold, copper, and nickel deposits. The company’s principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero. As of December 31, 2015, it had proven and probable gold reserves of 91.9 million ounces; and 11.7 proven and probable copper reserves of billion pounds. Barrick Gold Corporation (ABX) was founded in 1983 and is headquartered in Toronto, Canada.

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

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