Stock market forecasting based on algorithms: up to 29.83% return in 1 month

Stock market forecasting

This forecast is part of the “Top 10 Stock Picks” package, as one of I Know First’s algorithmic trading tools. The full Top 10 Stock Picks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • top ten stocks picks to long
  • top ten stocks picks to short
  • S&P 500 forecast

Package Name: Top 10 Stocks
Forecast Length: 1 month (12/17/15 – 01/17/16)
I Know First Average: 17.25%

Stock market forecasting

10 of the 10 stocks included in the Top 10 Stocks forecast from 12/17/15 decreased in accordance with the algorithm’s short prediction for the 1 month time horizon. The top performing stock was PBR with a return of 29.83% other very good performers were CBD with 27.10% and AA with 25.32%. Investors using the I Know First service who invested evenly in these stocks would have outperformed the -9.30% S&P 500 average  with IKF’s 17.25% average during the predicted time horizon.

Petróleo Brasileiro S.A. – Petrobras operates as an integrated energy company in Brazil and internationally. Shares of Petrobras have declined after announcing the company plans to cut its long-term capital budget plans and is looking to sell assets. Furthermore, the price of oil is now very low which is causing PBR to struggle.

Algorithmic traders utilise 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