Stock Forecast Based On a Predictive Algorithm | I Know First |national bank of Greece Archives - Stock Forecast Based On a Predictive Algorithm

NBG Stock Forecast: 21.74% Gain On Friday

February 23, 2015

I Know First published an article about National Bank of Greece S.A. (NBG) on January 6^th, 2015 for Seeking Alpha. National Bank of Greece had an overwhelmingly strong signal of 1242.37 and a predictability of 0.01. In accordance with the algorithm, the company has reported short-term capital gains of 18.07%.

National Bank of Greece was part of the stock forecast that can be found in the “Bank Stock Forecast” Package.

The full Top 10 Bank Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

Top ten stocks picks to long
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The National Bank Of Greece: A Risk Worth Taking

January 7, 2015

Summary

The stock is at an attractive point due to promising financials and a price which reflects strong market under-optimism.
The upcoming elections is a strong downside risk; however, facing against more probable upside pressure it the stock appears bullish.
Algorithmic analysis forecasts NGB as the strongest bank growth stock in 2015; however, the risk might be too much for investors to bear.

Generally at I Know First, we don't write about stocks which have such a high downside risk; however, our signal for NGB is just too strong to ignore. The National Bank of Greece (NYSEMKT:NGB) stands as the largest bank in Greece in terms of assets, and third largest in terms of market capitalization. The financial crisis has driven the stock price below the floor. After trading at over $650 a share, the stock is now trading at $1.71.
The signal indicator of 1900 in the 1 year time horizon is indicative of direction and strength. Such a high signal suggests a very fast increase in price, even farther supported by the strong 1 month signal of 623. Our historical indicator, the predictability, suggests that historically the asset has been unpredictable; However; purely in terms of expected value, the stock is Bullish in the short, medium and long term.