Shanghai Stocks Based on Pattern Recognition: Returns up to 19.55% in 14 Days

Shanghai Stocks

This forecast for Shanghai Stocks is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

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

Package Name: Shanghai Stock Forecast
Recommended Positions: Long
Forecast Length: 14 Days (4/25/24 – 5/9/24)
I Know First Average: 8.39%
Shanghai Stocks
Shanghai Stocks chart

During the 14 Days forecasted period several picks in the Shanghai Stock Forecast Package saw significant returns. The algorithm has correctly predicted 9 out of 10 returns. The greatest return came from 601919.SS at 19.55%. Further notable returns came from 600141.SS and 600066.SS at 16.79% and 13.22%, respectively. The package had an overall average return of 8.39%, providing investors with a 4.79% premium over the SHANGHAI SE’s return of 3.6% during the 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.