stock forecast toolbox - tradespoon

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Stock Forecast Toolbox An institutional-grade tool for the self-directed trader The Stock Forecast Toolbox is at the core of our research platform. This toolset delivers highly accurate forecasts that are produced by artificial neural networks which constantly self-learn to apply nuanced algorithms to voluminous, chaotic market data. Our platform processes over 100,000 individual stock and index analyses each month- and this is just for the Stock Forecast Toolbox alone. We set out to build Tradespoon’s technology with the purpose of putting institutional-grade tools in the hands of self-directed investors. It is crucial to know how to best interpret the forecasting data and apply SFT reports to your trade ideas. Section 1: Reading Prediction Data 1. Accessing the Stock Forecast Toolbox 2. Reading Forecasts 3. Chart 4. Predicted Data Section 2: Understanding Company Screeners 1. Company Finder 2. Short-Term Forecast 3. Stocks & ETFs with Model Grade A and B 4. Vector Screener Section 3: Quick Steps to Finding Profitable Trade Ideas

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Page 1: Stock Forecast Toolbox - Tradespoon

 

 

 Stock Forecast Toolbox An institutional-grade tool for the self-directed trader 

The Stock Forecast Toolbox is at the core of our research platform. This toolset delivers highly accurate 

forecasts that are produced by artificial neural networks which constantly self-learn to apply nuanced 

algorithms to voluminous, chaotic market data.  

Our platform processes over 100,000 individual stock and index analyses each month- and this is just for 

the Stock Forecast Toolbox alone.   

We set out to build Tradespoon’s technology with the purpose of putting institutional-grade tools in the 

hands of self-directed investors. It is crucial to know how to best interpret the forecasting data and apply 

SFT reports to your trade ideas.  

 Section 1: Reading Prediction Data  

1. Accessing the Stock Forecast Toolbox 2. Reading Forecasts  3. Chart 4. Predicted Data 

 Section 2: Understanding Company Screeners 

1. Company Finder 2. Short-Term Forecast 3. Stocks & ETFs with Model Grade A and B  4. Vector Screener 

 Section 3: Quick Steps to Finding Profitable Trade Ideas  

 

 

 

 

Page 2: Stock Forecast Toolbox - Tradespoon

Section 1: Reading Prediction Data 

1. Accessing the Stock Forecast Toolbox 

You can find the Stock Forecast Toolbox in Tradespoon’s Quick Navigation menu- located in the 

top-right corner of the Tradespoon website. Under the Tools column, click in the Forecast Toolboxes link.  

 

 

You can also find the Stock Forecast Toolbox in the Dashboard menu, located under the Tools 

Membership section. You can find the Dashboard menu by clicking the Launch Dashboard button in the top-right corner of the Tradespoon website.  

Search a symbol using the symbol search bar at the top of the user interface, a Quick Review of 

the selected symbol will appear.  

 

 

 

 

Page 3: Stock Forecast Toolbox - Tradespoon

The Stock Forecast Toolbox provides three time horizons for forecasting: 

Intraday- This forecast generates price predictions for the next hour, segmented into 5 

minute intervals. This data is refreshed every 5 minutes. 

10 day- This forecast generates price predictions for the next ten days, segmented into 

one day intervals. This data is refreshed every evening after market close.  

6 month- This forecast generates price predictions for the next six months, segmented 

into one month intervals. This data is updated on the first of each month. 

You can choose the forecast range from the Range selector next ot the symbol search bar: 

 

It is important to remember that prediction data reflects only the most recently updated market 

data. 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. Likewise in an Intraday or Long-term prediction, each time interval refers back to the previous real time interval (the past 5 minutes for Intraday and previous month for Long-term). 

2. Reading Forecasts  

For each stock/ETF being analyzed, you will be presented with several figures which indicate 

accuracy levels and probabilities of the asset reaching estimated price changes. We’ll review these from left to right: 

Est. Change- The Estimated Change figure shows the difference between the average of the 

previous trading session’s real Open, Close, Low and High prices against the average of the current 

trading session’s predicted Open, Close, Low and High prices. This is the same as the current day 

Vector figure in a 10-day forecast for a symbol.  

Predicted Low/High- The Predicted Low/High numbers are showing you the predicted Low and 

High prices for the current time interval for the forecast range you’ve selected. For example- you’ll 

see the current day Low/High prices if you’ve selected the Short-term (10-day) forecast, and you’ll 

see the current five-minute interval Low/High prices if you’ve selected an Intraday (1 hr) prediction.  

Range Trend- This meter is showing the average of all vector figures in your selected forecast 

range, and is represented as a colored meter which ranges from Very Bearish, Bearish, Neutral, 

Bullish, and Very Bullish. Click here for a video tutorial on Range Trend and Vector 

 

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Prob. Low/High- The Probability Low/High figure will show you the statistical likelihood- based 

on backtest results for past predictions- for the chosen stock to close between Tradespoon’s 

predicted Low and High prices for the current trading day only.  

Prob. Change- This figure reflects the likelihood, based on backtest results for past predictions- of 

our model to accurately predict the Est. Change value, or the current day Vector movement for that 

chosen stock. This figure is valid only for the current trading day.  

Model Grade- The Model Grade indicates a relative ranking of the selected symbol compared to 

our entire data universe (~3000 symbols) in terms of accurately predicting Low and High prices for 

the current and next trading session. 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. Typically, our system can assign a Model Grade to symbols with high 

volume and high liquidity, which translates to larger sets of market data needed to make a relative 

distinction.  

Today’s Trend- This is similar to Range Trend, but is based on the current day Vector figure and is 

valid only for the current trading session. The meter will reflect Very Bearish, Bearish, Neutral, 

Bullish, and Very Bullish day-trade trends reflecting the Vector strength. 

You’ll also see several tabs: Snapshot, Fundamental Data, Predicted Data, Chart, Headlines and 

Financial News.  

 

Snapshot includes Fundamental Data, Predicted Data, and Chart.    

Fundamental Data- A report of fundamental price levels and data for the asset being analyzed, such as 

Volume, Market Cap, Bid/Ask prices, Div. & Yield, and so forth.   

Predicted Data- This table shows the predicted prices and vector values represented in time intervals 

reflecting the chosen forecast range.  

Chart- Candlestick charting representing future predicted price movements and both past predicted and real 

prices for the asset being analyzed, reflected the chosen forecast range.  

Headlines- An automatically updated list of recent media mentions of the asset being analyzed. The list 

descends from the most recent media mentions aggregated into a single list.  

Financial News- An automatically updated list of current events and media stories which can impact the 

markets at large. The list descends from the most recent news stories aggregated into a single list.  

3. Candlestick Charts 

The candlestick charts represent past and future prediction data reported for a specific time 

horizon (intraday, 10-day and 6-month) for the symbol you are analyzing. You can adjust time 

 

Page 5: Stock Forecast Toolbox - Tradespoon

zooms, and drill down to tighter time windows in order to get a detailed look at how our past predicted prices compared to real prices.  

Each candlestick represents a price movement for an individual time increment within the 

selected time horizon.  

  

 

 

To select a specific time horizon either: 

A. Use the blue preset Zoom options found in the bottom right corner 

B. Type in a Date Range in the bottom left corner  

C. Use the Grey Sliding Bar directly beneath the chart to select range 

D. Click and Drag a specific area on the chart to manually zoom 

 

 

 

 

 

 

 

Page 6: Stock Forecast Toolbox - Tradespoon

4. Predicted Data 

The Predicted Data table will show a breakdown of all open, close, low, and high prices. Intraday 

(1 hr) predictions will forecast one hour in intervals of five minutes, Short-term (10 days) predictions will forecast ten days in intervals of one day, and Long-term (6-months) will forecast 6 months in the future in intervals of one month.  

 

Vector Column 

Vector figures compare two price averages- the average of the previous time interval real Open, 

Close, Low and High prices against the average of predicted time interval Open, Close, Low and 

High prices. The column shows expected average price movement "Up or Down", in percentages.   

Example: In a 10-day forecast- the average of the previous trading session Open, Close, Low and 

High prices is compared the the average of each future predicted day’s Open, Close , Low and High 

prices. Every day in a 10-day outlook will refer back to the previous trading session. The 10-day 

outlooks are updated every evening.  

The same condition applies to the intraday and long-term predictions, where you’re seeing 

comparisons of price averages for 5 minute intervals and one month intervals, respectively. 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.  

An Accuracy Model Grade of A or B, coupled with a Vector over 1% for the current day and the 

entire 10-day outlook in one consistent direction, indicates a very high likelihood that stock will 

close under predicted resistance, or above predicted support levels. Based on backtests results, 

there is a 75% likelihood of an equity to close between predicted low and high prices for the current 

and next trading session if these conditions are met. 

 

Page 7: Stock Forecast Toolbox - Tradespoon

Section 2: Company Screeners 

1. Company Finder (Updated Monthly) 

The Company Finder is a comprehensive breakdown of annual projected growth rates for stocks 

and ETF’s in the S&P 500 Index. The list is segmented into industry sectors, which you can then drill down into smaller categories and individual assets.  

Use Case 

Step 1- At the Industry Sector Level, look for Annual Return Vectors over 20%. Try to select the 

sector with the highest vector, and is most comfortable for you.  

Industry Sectors 

 

 

 

 

 

 

Step 2- In the Industry Sub-Categories, use the same rule- categories with Annual Return Vectors 

over 20%, looking for the highest.  

Sub-categories for Industry Sectors 

 

 

 

 

 

 

 

 

Page 8: Stock Forecast Toolbox - Tradespoon

Step 3- Now select a stock (or several) with the same criteria. Open the Stock Forecast 

Toolbox and search these ticker symbols.  

Companies in Industry Sub-category 

 

 

 

 

 

 

 

 

Step 4- Run a 10-day prediction and look for a Vector remaining over 1% for the next ten days. 

When possible, enter a position close to the predicted low.  

 

2. Short-term Forecast (Updated daily) 

This screener is designed for short-term position holding and provides a daily list of stocks which 

rank highly in our prediction algorithms. All symbols listed here are assigned a Model Grade of A or B.  

The list is ordered by Vector- which represents the predicted magnitude of change for the next 

trading session. The Vector figure gauges the predicted direction of movement for one day, and is determined by the difference between the predicted average price for the most recent trading session and the average of actual prices from previous session.  

The Confidence Level column indicates our short-term prediction model’s confidence in 

predicting a symbol’s near-term trend in the past 30 days.  

 

 

 

 

 

Page 9: Stock Forecast Toolbox - Tradespoon

Use Case  

Step 1- There are two ideal criteria to look for: a Vector closest to or above 1%, and a Confidence 

Level near or above 70%.  

Short-term Forecast List (Top) 

 

 

 

 

 

Short-term Forecast List (Bottom) 

 

 

 

 

Step 2- By selecting a stock, you will be brought to the Stock Forecast Toolbox with that stock 

selected for analysis.  

Step 3- Generate a 10-day Prediction and look for a Vector trajectory toward and above 1%, 

remaining throughout the prediction window.  

Step 4- Whether you’re favoring bullish or bearish movement, enter a position at the predicted low 

or high when possible.  

*An Accuracy Model Grade of A or B, coupled with a consistent Vector over 1%, indicates a very high 

likelihood (75%) that stock will close under predicted resistance, or above predicted support levels 

for the current and next trading session.  

 

 

 

 

 

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3. Stocks & ETFs with Model Grade A and B (Updated daily) 

This screener is designed for short-term position holding and provides a daily list of stocks which 

rank highest in our platform’s Model Grade ranking.  

The list is ordered by Vector- which represents the predicted magnitude of change for the next 

trading session. The Vector figure gauges the predicted direction of movement for one day, and is determined by the difference between the predicted average price for the most recent trading session and the average of actual prices from previous session.  

The Confidence Level column indicates our short-term prediction model’s confidence in 

predicting a symbol’s near-term trend in the past 30 days.  

Note: Not all symbols in this screener will show a Confidence Level. This only indicates 

that our analysis models did not receive enough market data to generate that level for that particular day.  

Use Case  

Step 1- Identify stocks or ETFs which produce a Vector close to or above 1%. This can be either positive or 

negative, depending on the trading strategy you are considering.    

Model Grade Screener (Top) 

 

 

 

 

 

Model Grade Screener (Bottom) 

 

 

 

 

Step 2- By selecting a stock, you will be brought to the Stock Forecast Toolbox with that stock selected for 

analysis.  

 

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Step 3- Generate a 10-day Prediction and look for a Vector trajectory toward and above 1%, remaining 

throughout the prediction window.  

Step 4- Whether you’re favoring bullish or bearish movement, enter a position at the predicted low or high 

when possible. 

Video Example- Click here to see Vlad explain the Model Grade A & B Screener 

4. Vector Screener (Updated monthly)  

The Vector Screener analyzes all stocks in S&P 500 and ranks them by the predicted percent of 

growth, according Vector figures. This screener analyzes long-term prediction data and presents Vectors for a 3-month time horizon. . This screener is updated on a monthly basis (first of each month). 

 

 

 

 

 

 

 

 

Use Case 

Step 1- Identify a short-list of stocks in the upper tiers of growth vectors- over 20%.  

Step 2- Open the Stock Forecast Toolbox and search these ticker symbols.  

Step 3a- For short-term trading, run a 10-day prediction and look for a Vector remaining over 1% for the next 

ten days. When possible, enter a position close to the predicted low. 

*An Accuracy Model Grade of A or B, coupled with a consistent Vector over 1%, indicates a very high 

likelihood that stock will close under predicted resistance, or above predicted support levels.  

Step 3b- For long-term trading, search the symbol in in the Probability Calculator, and hover over the Trend 

Rating. If 3 out of 4 time periods have “higher” predictions 75% of the time on average, stock will spend at 

 

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the price levels higher than on the day the model ran (Model runs each Sunday for long term 

predictions). Use 10-day prediction to gage optimal entry point, preferably entering position close to the 

predicted low.  

 

Section 3: Quick Steps to Finding Profitable Trade Ideas 

For short-term trading (intraday, 1-2 days), please review this guide which covers the Stock Forecast 

Toolbox: 

Short-term Trading Plan Guide  

For 5-20 day positions, you can also review the following guide which covers Stock Forecast Toolbox in 

tandem with other Tradespoon tools and services: 

Long-term Trading Plan Guide  

Tradespoon provides add-on integration for the MetaStock platform.. You can learn more here: 

Tradespoon/MetaStock Integration  

MetaStock add-on Manual 

 

Please let us know if you have any thoughts or questions by contacting our dedicated support team at 

[email protected]

Tradespoon offers private 1-on-1 coaching for self-directed traders who want to build a master trading 

plan or improve upon existing strategies. Apply to our 1-on-1 Coaching Program 

You can also schedule a quick call with a Product Specialist to review our tools and services at any time. 

Schedule a call 

To your success, 

The Tradespoon Team