Australian Stocks

Best Australian Stocks: This forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

• Top 10 Australian stocks for the long position
• Top 10 Australian stocks for the short position

Package Name: By Country – Australian Stocks
Recommended Positions: Long
Forecast Length: 1 Month (8/28/24 – 9/28/24)
I Know First Average: 5.11%

The algorithm correctly predicted 9 out of 10 the suggested trades in the By Country – Australian Stocks Package for this 1 Month forecast. LYC.AX was our best stock pick with a return of 14.29%. Other notable stocks were CDA.AX and ANN.AX with a return of 7.82% and 7.06%. The package had an overall average return of 5.11%, providing investors with a 2.94% premium over the S&P ASX’s return of 2.17% during the period.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.