Momentum Trading Strategies Based on Machine Learning: Returns up to 5.71% in 3 Days

Momentum Trading Strategies

Momentum Trading Strategies: 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: 3 Days (11/18/22 – 11/22/22)
I Know First Average: 3.22%
Momentum Trading Strategies
Momentum Trading Strategies chart

This Utilities Stocks Package forecast has correctly predicted 9 out of 10 stock movements. ATO was the top performing prediction with a return of 5.71%. Further notable returns came from PNW and CPK at 5.32% and 4.32%, respectively. The package’s overall average return was 3.22%, providing investors with a 1.78% premium over the S&P 500’s return of 1.44% 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.