Stock Market Forecast Based on Algotrading: Up to 31.58% in 1 Month

Stock Market Forecast

This Best Technology Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry (See Industry Package). It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:

Top 10 tech stocks for the long position
Top 10 tech stocks for the short position

Package Name: Tech Stocks
Forecast Length: 30 Days (10/11/15 – 11/11/15)
I Know First Average: 9.56%

Stock Market Forecast

The algorithm correctly predicted 7 of the 10 stocks forecasted to increase during the predicted time horizon of 30 days in the tech stocks package forecast from 10/11/2015. The most impressive prediction was for EBIX, which offered a return of 31.58%. Other impressive picks were NTPN and MANH which increased by 30.40% and 16.74%, respectively. The average return from this forecast was 9.56%, compared to the S&P 500, which returned 2.98%.

Ebix, Inc. provides software and e-commerce solutions to the insurance industry. The company operates data exchanges, which connect various entities within the insurance markets and enables the participant to carry and process data from one end to another. Total Q3 2015 revenue was $66.8 million, an increase of 32% on a year-over-year basis, as compared to Q3 2014 revenue of $50.8 million and a 3.2% sequential increase over Q2 2015 revenue of $64.7 million. The company good results increase the confidence in the investors making the stock to rise.

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 algorithmic traders.

How to interpret this diagram

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.