Shanghai Stocks Based on Pattern Recognition: Returns up to 68.36% 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 (7/22/2020 – 8/5/2020)
I Know First Average: 18.6%
The algorithm correctly predicted 10 out 10 of the suggested trades in the Shanghai Stock Forecast Package for this 14 Days forecast. 600196.SS was the highest-earning trade with a return of 68.36% in 14 Days. Other notable stocks were 600230.SS and 601633.SS with a return of 20.5% and 17.63%. The package had an overall average return of 18.6%, providing investors with a 16.89% premium over the SHANGHAI SE’s return of 1.71% 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.