ALGN Stock Forecast: Why Did The Stock Rose By 30% In A Day?

This ALGN stock forecast article was written by Maria Grishaev, Analyst at I Know First.

Executive Summary

  • Following the announcement of the third quarter 2020 financial results, Align Technology received a major boost in stock price rising from $335.81 to $453.23 in one single day.
  • Quantitative analysis results indicate bullish signals after stock price topped out the moving average line.
  • ALGN deserves a one-year target price of $510, indicating a cautious buy recommendation.

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I Know First Weekly Review Algorithmic Performance: November 8th, 2020

I Know First Weekly Newsletter
Investment Selection Using AI Predictive Algorithm
November 8, 2020

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Fundamental Stocks Evaluation Report: Best Low P/E Stocks Spotted by AI with 62% Hit Ratio

Executive Summary

In this Low P/E evaluation report, we will examine the performance of the forecasts generated by the I Know First AI Algorithm for the Low P/E Stocks, a subpackage of the Fundamental stocks package, for short and long positions that were sent daily to our customers Our analysis covers the time period from May 17th, 2020 to October 1st, 2020.

Chart 1: Performance comparison for Top 20, Top 10, and Top 5 signals for Low P/E Stocks vs S&P 500 Highlights for short term horizon from May 17th, 2020, until October 1st, 2020.

Chart 2: Performance comparison for Top 20, Top 10, and Top 5 signals for Low P/E Stocks vs S&P 500 Highlights for long-term horizons from May 17th, 2020, until October 1st, 2020.

Fundamental Stocks Evaluation Report Highlights:

  • The most impressive out-performance against the S&P 500 index is from the Top 5 signal group in the 3-month horizon with 2.5 times higher return.
  • The Top 20, Top 10 and Top 5 signal groups generated by I Know First succeeded in outperforming S&P 500 index in most of the short-term horizons.
  • The Top 20, Top 10 and 5 signal group generated by I Know First succeeded in outperforming S&P 500 index in all long term horizons.
  • Every signal group has significant hit ratios reaching 62%.

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Aggressive Stocks Predictions: Real-life Success Story Amid Market Chaos

Summary:

  • Market volatility and chaos pushes investors to either take greater risks or go into safe assets zone in 2020
  • Aggressive stocks outstand from the market providing higher returns far above the S&P 500
  • AI-powered stock predictive algorithm enabled I Know First client to create aggressive stocks portfolios to outperform market 7 times within 3 months

How Risky is the Stock Market Nowadays?

aggressive stocks predictions

Have you ever imagined 2020 to be that risky and aggressive stocks strategies to become popular more than ever before? Looking back to January 2020, many market players now are not feeling well about diversification or following the Wall street gurus’ strategies, like Warren Buffet, who invested for the long term into ‘real’ economy sectors. While the whole world was going into closures and various economy sectors were seizing operations as the global pandemic was gaining momentum in March, we at I Know First we perfecting our AI predictive algorithm to identify the Coronavirus

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Global Tech Stocks: AI Predictive Algorithm Drives Stock Trading With 64% Accuracy Amid COVID-19

global tech stocks long horizons returns

Top Global Tech Stocks Evaluation Highlights:

  • The most impressive outperformance of the S&P 500 Index comes from the Top 5 signal in the 2-weeks' time horizon with 15 times higher return
  • The Top 10 and Top 5 signal groups succeeded in outperforming S&P 500 in all time horizons
  • Every signal group has hit ratios above 50% for all time horizons amid COVID-19 crisis

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Best ETFs: AI-Powered Predictive Algorithm Shows Accuracy Up to 73%

top etfs average return top etfs average return

Top ETFs Evaluation Highlights:

  • The most impressive out-performance against the S&P 500 index is from the Top 5 signal group in the 3-day horizon with 10 times higher return.
  • The Top 20, Top 10 and Top 5 signal groups generated by I Know First succeeded in outperforming S&P 500 index in all short-term horizons.
  • The Top 20, Top 10 and 5 signal group generated by I Know First succeeded in outperforming S&P 500 index in the one-year horizon.
  • Every signal group has hit ratios above 52% for all time horizons.

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I Know First Gets Nominated for Benzinga Global Fintech Awards 2020

Benzinga Global Fintech Awards

I Know First algorithmic investing tool was nominated in the categories Best Wealth Management Software, Best Investment Research Tech, and Best AI Platform (click on the links to explore our nominations and vote daily for us!). The nomination will be highlighted by Benzinga for the sixth annual Benzinga Global Fintech Awards. The impressive results in our TSLA stock predictions and the AI forecasts for Top S&P 500 stocks called the attention of Benzinga. We achieved up to 92% and 100% hit ratio for TSLA stock predictions in our 3-months and yearly predictions, respectively.

Benzinga Global Fintech Awards
(Source: benzingafintechaward.com)

The Benzinga

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Hong Kong Fintech Week 2020 – I Know First Selected as Semi-finalist For the WealthTech Vertical

hong kong fintech week

I Know First has been recognized as a Semi Finalist for the Capital Markets vertical of the Hong Kong Fintech Week Global Fast Track Pitching Competition! This year I Know First Team participates in Fast Track Pitching Competition which is aiming at connecting and presenting innovative solutions to executives of the largest financial institutions in Hong Kong. This is an incredible opportunity to work with Corporate Champions in Hong Kong and Asia.

2020 HK FinTech week will take place from November 2nd to November 6th, featuring around 200 speakers from all over the world focusing on the FinTech

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