Stock Forecast Based on Machine Learning: 63.11% Return In 7 Days
Stock Forecast
This Basic Industry Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Basic Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic industry stocks to buy:
- Top 10 Basic Industry stocks for the long position
- Top 10 Basic Industry stocks for the short position
Package Name: Basic Industry
Forecast Length: 7 Days (04/08/16 – 04/15/16)
I Know First Average: 16.93%
This week forecast from the Basic Industry package starting on April 8th had 10 out of 10 stocks increase as the algorithm predicted. SID had the best performance during the predicted time horizon with a solid return of 63.11%. Other stocks with positive performances during the same time horizon were GGB and VALE, with returns of 36.42% and 29.98%. The I Know First Average was a magnificent return of 16.93% compared to the S&P500 of just 1.90%.
Companhia Siderúrgica Nacional (SID) produces steel. The company operates through five segments including steel, mining, cement, logistics, and energy. The company primarily produces carbon steel and various steel products for the distribution, packaging, automotive, home appliance, and construction industries.
How to interpret this diagram
Please, note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.
