Tech Stock Forecast Based on Artificial Intelligence: Returns up to 7.52% in 14 Days

Tech Stock Forecast

This Tech Stock forecast is based on stock picking strategies for investors and analysts who need predictions for the 10 best tech stocks in the Technology Industry (see Tech Stocks Package). It includes 20 stocks with bullish and bearish signals:

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

Tech Stocks 165
Package Name: Tech Stocks
Recommended Positions: Long
Forecast Length: 14 Days (05/29/2019 – 06/12/2019)
I Know First Average: 3.46%
Tech Stock Forecast

For this 14 Days forecast the algorithm had successfully predicted 9 out of 10 movements. The highest trade return came from SNPS, at 7.52%. The suggested trades for PDFS and NVMI also had notable 14 Days yields of 6.71% and 4.90%, respectively. The overall average return in this Tech Stocks package was 3.46%, providing investors with a 0.70% premium over the S&P 500’s return of 2.76% during the same period.

Synopsys, Inc., incorporated on May 7, 1987, provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits (ICs), also known as chips. The Company also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves. The Company provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. The Company provides technical services to support its solutions and help its customers develop chips and electronic systems. The Company is also a provider of software tools that developers use to develop software code in a range of industries, including electronics, financial services, energy and industrials. The Company offers products and services in four categories: core EDA; IP, Systems and Software Integrity; Manufacturing Solutions, and Professional Services and Other.

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.