Introduction

Hi everyone, I'm Muyan! Welcome to today's episode of "AI Stock Chat." Although the Taiwan stock market closed slightly in the green on Wednesday, October 28, if you look closely at the market breadth, declining stocks actually outnumbered advancing ones, and the wait-and-see sentiment remains strong. Even though US stocks and the Taiwan Index Futures night session are performing quite actively tonight, our AI prediction model remains highly conservative regarding the next trading day, Thursday, October 29. What exactly did the AI see? Let's break it down together today!

Today's Market Forecast

Our service only forecasts the Taiwan Capitalization Weighted Stock Index (TAIEX). Below are the latest predictions from the AI model for Thursday, October 29, and the upcoming week:

Looking at the prediction data, the AI's view on Thursday's (10/29) market remains "neutral" consolidation, with an estimated volatility range between 45,704 and 46,488 points, and a mediocre confidence level of 54%. Although the index closed slightly up by 0.12% on Wednesday, the market breadth was actually negative, with more decliners than advancers (467 gainers vs. 532 losers), indicating a neutral-to-bearish structure. Therefore, despite the excitement in external markets, the AI still advises caution, suggesting we treat this as range-bound consolidation for now and avoid chasing highs.

Global Market Status

Below is a summary of the actual closing data for the Taiwan Index Futures night session and US stocks last night. This section contains only objective market data, and the model does not make any predictions here:

Last night, US tech stocks and the Philadelphia Semiconductor Index performed strongly, and the Taiwan Index Futures night session also surged by 1.68%. This might inject bullish confidence into Thursday's Taiwan stock market opening, but whether it can hold those gains will depend on the volume support after the spot market opens.

Strategic Stock Selection Radar

I want to emphasize here that the following table is a "strategic screening result" from our system, which mainly scans the market based on institutional flows, technical indicators, and valuations. It is absolutely not a buy/sell prediction for individual stocks, and we do not provide any bullish/bearish forecasts or target prices for individual tickers.

Let's break down the current status of these radar-scanned stocks in plain English:

• China Steel (2002): Today's overall score is -0.2, placing it in the wait-and-see zone. Although the CCI momentum indicator shows short-term strengthening, Williams %R has surged to the overbought zone of 0, indicating a rapid short-term rally. Investors looking to enter should be cautious of the risk of chasing highs.
• Hotai Motor (2207): Scored 0.6, also in the wait-and-see zone. However, trading volume significantly expanded by 2.08 times today, indicating growing interest and strong momentum. Nevertheless, it faces a warning from Williams %R at -4.65, signaling short-term overbought conditions.
• Evergreen Marine (2603): Scored 0.0, with no clear buy or sell signals today. The current technical structure is quite solid, with short-, medium-, and long-term moving averages showing a bullish alignment. The stock price is holding steady above the monthly moving average, and the KD indicator is pointing upward in the short term, suggesting a bullish consolidation.
• Wan Hai Lines (2615): Scored -1.0, in the wait-and-see zone. Notably, a bearish engulfing pattern has appeared on the technical chart, so investors should watch out for short-term pullback pressure.
• Quanta Computer (2382): Scored 0.0, with no clear buy or sell signals. Moving averages are currently converging, and a clear direction has not yet emerged. Although the stock price has fallen below the monthly moving average, showing medium-term weakness, the KD indicator has turned upward in the short term, making it worth monitoring.

Recent Prediction Accuracy Review

At "AI Stock Chat," honesty and transparency are my top priorities. Whether our predictions are good or bad, we report them truthfully every day, without sugarcoating the data!

Reviewing our recent prediction performance for the TAIEX: for "Next-Day" predictions, our directional accuracy was exactly 50.0% (8 out of 16 correct predictions), with the entire range hit 5 out of 16 times, and an average error of about 1.02%. For "Short-Term (1 Week)" predictions, the performance was relatively more stable, with a directional accuracy of 66.7% (8 out of 12 correct predictions), the entire range hit 3 out of 12 times, and an average error of 2.31%.

The AI model provides an objective quantitative reference. It is not a crystal ball and cannot be 100% accurate, so please make sure to practice proper risk and capital management when trading!

Disclaimer

This content is automatically generated by an AI model based on quantitative data and is for research and reference purposes only. It does not constitute any investment advice or recommendation. This website and the program producers are not registered investment advisors, do not provide analytical opinions to specific individuals, and do not receive any compensation for this content. Investing involves risk; please make your own judgments and assume all responsibilities.