The Stock Forecast Toolbox consists of a set of tools that allows you to type any symbol, ETF, index or stock and find the predictions for the next 10 days. It can forecast the Stock Price’s Trend, Turning Points, Movement Vector’s Direction, and ‘Buy-Sell’ signal with stunning accuracy for both a Short and Long term investment strategy.
The most frequently used forecast in this tool-set is our 10-day prediction. This will generate 1-day intervals with predicted Open, Close, Low, and High prices, along with a Vector figure (or predicted magnitude of change) for that day, relative to the date the forecast is generated. It is important to remember that prediction data reflects only the most recently updated market data.
For example- in a 10-day forecast, the 5th day predictions are relative to the market conditions that were captured in the previous trading session. If you were to generate a forecast again the next day, that 5th day may be slightly different because the model is working with a different set of data.
Accuracy Model Grade & Probability Figures
For each stock/ETF being analyzed, you will be presented with several important figures which indicate accuracy levels and probabilities of the asset reaching estimated price changes.
The Accuracy Model Grade is representative of predicted support and resistance levels for the next day only, and is a relative score compared to our entire data universe. An A grade indicates the top 10%, a B grade is the top 25%, and a C grade is 50%. Occasionally you will see N/A, which indicates there is not enough market data to determine accuracy.
The Estimated Change figure is an average of predicted prices against the average of previous real prices. This includes Low, High, Open and Close prices. The Probability of Change reflects the probability of determining the direction of the Estimated Change.
The Probability L/H figure shows you the likelihood of the real close price falling between the predicted support and resistance levels (Low and High levels).
The Vector column calculates the change of the Forecasted Average Price relative to “today’s” actual price. The column shows expected average price movement “Up or Down”, in percentages. Trend traders should trade along predicted direction of the Vector. The higher the value of the Vector, the higher its momentum. These figures should not be looked at as absolutes, but rather a guideline as to how a particular stock or ETF is predicted to move, relative to the current conditions.