Prophet algo uses markov probabilities to get bullish and bearish probabilities for the day. Uses a custom machine learning algo which backtested gave a 75% win rate when trying to predict daily movements.
Definitions:
Positive day meaning : When the Closing price for the day is greater than the opening price
Negative day meaning : When the Closing price for the day is lower than the opening price
Markov model does not care about the intraday price movements, just the difference between opening and closing prices
If you would like to analyze intraday movements, use our technical tools, option chain and weekly stock forecasts to get further insights