Momentum Stock Trading

Momentum Stock Trading: This Utilities Stocks forecast is designed for investors and analysts who need predictions of the best utilities stocks to buy for the whole Industry. It includes 10 stocks with bullish and bearish signals and indicates the best utilities stocks to buy:

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

Package Name: Utilities Stocks
Recommended Positions: Long
Forecast Length: 1 Year (3/20/24 – 3/20/25)
I Know First Average: 25.03%

For this 1 Year forecast the algorithm has successfully predicted 9 out of 10 movements. The top-performing prediction in this forecast was ETR, which registered a return of 63.97%. NRG and PEG had notable returns of 49.48% and 30.01%. The Utilities Stocks package had an overall average return of 25.03%, providing investors with a premium of 15.68% over the S&P 500’s return of 9.35%.

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.