Stock Market Forecast: BNGO Increased by 15.14%

I Know First Research Team LogoThis post was written by the I Know First Research Team.

The IKF AI algorithm suggested Bionano Genomics (BNGO) as one of the most promising stocks in our Biotechnology package on August 2, 2022.

The stock increased by 15.14% in line with the I Know First AI forecast on August 2, 2022.

Past Success With BNGO Stock Forecast

I Know First has been bullish on the BNGO stock forecast in the past. On June 30th, 2022 the I Know First algorithm issued a forecast for BNGO stock price and recommended BNGO as one of the best stocks to buy. The AI-driven BNGO stock prediction was successful on a 1-month time horizon resulting in more than 30.07%.

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Stock Market Forecast: I Know First’s Machine Learning Algorithm

stock market forecast: I Know First's algorithm

I Know First is one leading company that has been effectively using machine learning and AI-based algorithms to provide daily forecasts and facilitate trading for over 10,500 financial instruments. More importantly, I Know First’s algorithm does not depend on any human-derived assumptions except for the mathematical framework initially presented, meaning that it is more reliable and accurate than using technical indicators which involve a lot of human judgments. The algorithms can present patterns based on the data inputs, testing the performance on years of market data, and validating them on the most recent data, which prevents overfitting. If an input does not improve the model, it is “rejected”, and another input can be submitted. I Know First provides different forecast packages based on the AI algorithm which allows us to select the most promising stocks (you can access them here)

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Please note-for trading decisions use the most recent forecast.