Mega Cap Stocks Based on Pattern Recognition: Returns up to 6.46% in 7 Days
Mega Cap Stocks
This stock market forecast includes the best Mega Cap Stocks determined by the algorithm with a market capitalization of more than $100 billion.
- Top 10 Mega Cap stocks for the long position
- Top 10 Mega Cap stocks for the short position
Package Name: Mega Cap Forecast
Recommended Positions: Long
Forecast Length: 7 Days (9/18/24 – 9/25/24)
I Know First Average: 2.27%
During the 7 Days forecasted period several picks in the Mega Cap Forecast Package saw significant returns. The algorithm has correctly predicted 9 out of 10 returns. The highest trade return came from SHOP, at 6.46%. Additional high returns came from GE and TT, at 4.99% and 3.5% respectively. The overall average return in this Mega Cap Forecast package was 2.27%, providing investors with a 0.71% premium over the S&P 500’s return of 1.56% during the same period.
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.