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Markovchain

Prophet Algo Picks - Jan 24,2024Prophet algo uses markov probabilities to get bullish and bearish probabilities for the day. Uses a custom machine learning algo which backtested gave a 75% win rate when trying to predict daily movements. Definitions: Positive day meaning : When the Closing price for the day is greater than the opening price Negative day meaning : When the Closing price for the day is lower than the opening price Markov model does not care about the intraday price movements, just the difference between opening and closing prices If you would like to analyze intraday movements, use our technical tools, option chain and weekly stock forecasts to get further insights NYSE:ABT Category: Positive Bullish Probability: 82.35% Bearish Probability: 17.65% NYSE:BALL Category: Positive Bullish Probability: 78.05% Bearish Probability: 21.95% NASDAQ:FITB Category: Negative Bullish Probability: 24.49% Bearish Probability: 75.51% NASDAQ:FSLR Category: Negative Bullish Probability: 26.67% Bearish Probability: 73.33% NYSE:GPC Category: Positive Bullish Probability: 76.67% Bearish Probability: 23.33% NYSE:PAYC Category: Positive Bullish Probability: 75.00% Bearish Probability: 25.00% NYSE:VZ Category: Negative Bullish Probability: 15.00% Bearish Probability: 85.00% NYSE:VFC Category: Negative Bullish Probability: 23.08% Bearish Probability: 76.92%
NASDAQ:FSLR
by tradesenigma454
2
Next transition state lead to 31616.3 New Method I developed and want to test, so this is more of an experiment. General idea is that while a name consolidates it will follow a continuous-time Markov chain (CTMC), and the next state will be determined by the probabilities of a stochastic matrix. - let a section here be a single diamond and a state be a neighborhood of 4 diamonds. The diamonds are drawn by making a base symmetrical triangle using rays, and then cloned to run parallel to the base at equidistance +-1, +-2, +-3,+-4,...+-n from base with the probability of breakout increasing with increasing n. - the most probable next state will be the range from 28516 - 30840, however, due to the accelerating rate of BTCs most recent transition over the state path (drawn in yellow/highlight and merely connects the observed states in sequence), there is a decent probability BTC will generate the escape velocity here to break above 30840 and test 31616.3 (green projected path), if rejected at or before 30840 it will most likely continue its consolidation (red path). - Estimated time to reach 31616.3 is by May 28. If it can break 31616.3 good chances it will do so by forming an impulse wave, a corrective wave to test old resistance for support, and then attempt true breakout of range and on to more exciting days. Happy Trading, Nash John
BITFINEX:BTCUSDLong
by JerryManders