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Review Article

An Analytic Review on Stock Market Price Prediction using Machine Learning and Deep Learning Techniques

Author(s): Swarnalata Rath*, Nilima R. Das and Binod Kumar Pattanayak

Volume 18, Issue 2, 2024

Published on: 29 March, 2023

Article ID: e030323214351 Pages: 17

DOI: 10.2174/1872212118666230303154251

Price: $65

Abstract

Anticipating stock market trends is a challenging endeavor that requires a lot of attention because correctly predicting stock prices can lead to significant rewards if the right judgments are made. Due to non-stationary, loud, and chaotic data, stock market prediction is challenging. Investors need help to forecast where they should spend their money to make a profit. Investment methods in the stock market are intricate and based on the analysis of large datasets. Expert analysts and investors have placed a high value on developments in stock price prediction. Due to intrinsically noisy settings and increased volatility concerning market trends, the stock market forecast for assessing trends is tricky. The intricacies of stock prices are influenced by several elements, including quarterly earnings releases, market news, and other altering habits. Traders use a number of technical indicators based on stocks that are collected on a daily basis to make decisions. Even though these indicators are used to analyze stock returns, predicting daily, and weekly market patterns are difficult. Machine learning techniques have been extensively studied in recent years to see if they might boost market predictions compared to legacy or conventional methods. The existing methodologies have devised several strategies for predicting stock market trends. Various machine learning and deep learning algorithms, such as SVM, DT, LR, NN, kNN, ANN, and CNN, can boost performance in predicting the stock market. Based on a survey of current literature, this work aims to identify future directions for machine learning stock market prediction research. This research aims to provide a systematic literature review process to discover relevant peer-reviewed journal papers from the last two decades and classify studies with similar methods and situations into the machine learning approach and deep learning. In the current article, the methods and the performance of those adopted methods will be identified for measuring the effectiveness of those techniques.

Graphical Abstract

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