Stock Picking Based on Pattern Recognition: Returns up to 9.58% in 3 Days

Stock Picking

This Basic Industry forecast is designed for investors and analysts who need a stock picking software with 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: Long
Forecast Length: 3 Days (12/3/2019 – 12/6/2019)
I Know First Average: 2.26%
Stock Picking
Stock Picking chart

The algorithm correctly predicted 7 out 10 of the suggested trades in the Basic Industry Forecast Package for this 3 Days forecast. AOBC was the highest-earning trade with a return of 9.58% in 3 Days. Further notable returns came from PATK and GPX at 6.24% and 3.58%, respectively. The Basic Industry Forecast package had an overall average return of 2.26%, providing investors with a premium of 2.15% over the S&P 500’s return of 0.11%.

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, incorporated on June 17, 1991, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments: Firearms, and Outdoor Products & Accessories. The Company sells its products to a range of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. The Company operates online retail stores from which it sells hunting and shooting accessories and Golden Rod branded products, apparel, and related hunting and shooting supplies.

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.