Trend Following Based on Deep Learning: Returns up to 14.03% in 1 Month

Trend Following

This Trend Following forecast is designed for investors and analysts who need predictions of the best utilities stocks to buy for the whole Industry . It includes 10 stocks with bullish and bearish signals and indicates the best utilities stocks to buy:

  • Top 10 Utilities stocks for the long position
  • Top 10 Utilities stocks for the short position

Package Name: Utilities Stocks
Recommended Positions: Long
Forecast Length: 1 Month (12/6/21 – 1/6/22)
I Know First Average: 4.4%
Trend Following
Trend Following chart

The algorithm correctly predicted 8 out of 10 the suggested trades in the Utilities Stocks Package for this 1 Month forecast. The top-performing prediction in this forecast was ATO, which registered a return of 14.03%. Additional high returns came from EXC and CMS, at 7.56% and 6.42% respectively. This algorithmic forecast package presented an overall return of 4.4% versus the S&P 500’s performance of 3.47% providing a market premium of 0.93%.

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.