# An Evaluation of Deep Learning Models for Stock Market Trend Prediction

arXiv: https://arxiv.org/abs/2408.12408 · HTML: https://mlsanity.com/paper/2408.12408/

## Key facts

- Cited by 1 papers in the map (data through 14 Oct 2026).
- Builds on 7 of its 25 references that are in the map.
- First posted on arXiv 22 Aug 2024.

## Builds on (most cited first, 7 of 7)

- [An Empirical Evaluation of Generic Convolutional and Recurrent Networks for Sequence Modeling](https://mlsanity.com/paper/1803.01271/) (2018)
- [Temporal Fusion Transformers for Interpretable Multi-horizon Time Series Forecasting](https://mlsanity.com/paper/1912.09363/) (2019)
- [N-BEATS: Neural basis expansion analysis for interpretable time series forecasting](https://mlsanity.com/paper/1905.10437/) (2019)
- [Long-term Forecasting with TiDE: Time-series Dense Encoder](https://mlsanity.com/paper/2304.08424/) (2023)
- [xLSTM: Extended Long Short-Term Memory](https://mlsanity.com/paper/2405.04517/) (2024)
- [N-HiTS: Neural Hierarchical Interpolation for Time Series Forecasting](https://mlsanity.com/paper/2201.12886/) (2022)
- [Darts: User-Friendly Modern Machine Learning for Time Series](https://mlsanity.com/paper/2110.03224/) (2021)

## Built on by (most cited first, 1 of 1)

- [X-TRACK: Physics-Aware xLSTM for Realistic Vehicle Trajectory Prediction](https://mlsanity.com/paper/2511.00266/) (2025)

## Abstract (arXiv)

The stock market is a fundamental component of financial systems, reflecting economic health, providing investment opportunities, and influencing global dynamics. Accurate stock market predictions can lead to significant gains and promote better investment decisions. However, predicting stock market trends is challenging due to their non-linear and stochastic nature. This study investigates the efficacy of advanced deep learning models for short-term trend forecasting using daily and hourly closing prices from the S&P 500 index and the Brazilian ETF EWZ. The models explored include Temporal Convolutional Networks (TCN), Neural Basis Expansion Analysis for Time Series Forecasting (N-BEATS), Temporal Fusion Transformers (TFT), Neural Hierarchical Interpolation for Time Series Forecasting (N-HiTS), and Time-series Dense Encoder (TiDE). Furthermore, we introduce the Extended Long Short-Term Memory for Time Series (xLSTM-TS) model, an xLSTM adaptation optimised for time series prediction. Wavelet denoising techniques were applied to smooth the signal and reduce minor fluctuations, providing cleaner data as input for all approaches. Denoising significantly improved performance in predicting stock price direction. Among the models tested, xLSTM-TS consistently outperformed others. For example, it achieved a test accuracy of 72.82% and an F1 score of 73.16% on the EWZ daily dataset. By leveraging advanced deep learning models and effective data preprocessing techniques, this research provides valuable insights into the application of machine learning for market movement forecasting, highlighting both the potential and the challenges involved.