FITB Stock Forecast! 18% Return Last 12 Weeks

Hello people!

In this brief item, I will be showing how our algorithm has been trading FITB (Fifth Third Bancorp) stock in a one-hour timeframe over the last 12 weeks, and its performance over that period of time. The algorithm has been designed to trade in a way that is similar to how a human would trade. It takes into account things like support and resistance levels, Fibonacci retracements, and candlestick patterns.

This week, the SlothTrading algorithm can be seen on FITB (Fifth Third Bancorp). Thank you for your interest in our product.

As you can see on the graph down below, the investment made 12 weeks ago has made 18% profit (this means that an initial investment of $1,000, after 12 weeks of trading resulted in $1,178), being a good result.

The binary accuracy of the forecasts was 59% (7 points above the target value of 52%), and out of the twelve weeks of analyzed data, on six weeks we did not reach the target of 52% of accuracy.

We are working to improve our forecasting methods to meet our target for accuracy more consistently.