Stock Picking Based on Algorithmic Trading: Returns up to 23.02% in 7 Days

Stock Picking

Stock Picking: This Basic Industry forecast is designed for investors and analysts who need daily stock market predictions of the best-performing stocks for the whole Basic Industry (see Basic Industry Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best basic industry stocks to buy based on artificial intelligence:

  • Top 10 Basic Industry stocks for the long position
  • Top 10 Basic Industry stocks for the short position

Stock Market Prediction Algorithm
Package Name: Basic Industry Forecast
Recommended Positions: Short
Forecast Length: 7 Days (10/23/23 – 10/30/23)
I Know First Average: 6.58%
Stock Picking
Stock Picking chart

9 out of 10 top stock picks from the algorithm decreased as predicted for this 7 Days forecasting period. VICR saw monumental price change of 23.02% in just 7 Days. ERII and IIIN also had excellent performances with returns of 22.2% and 7.23% respectively. Finally, good returns could also come from short positions held on the rest of successfully predicted assets, providing positive gains over the same forecast period. The package had an overall average return of 6.58%, providing investors with a premium of 7.94% over the S&P 500’s return of -1.36% during the same 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.