Australian Stocks Based on Stock Algorithm: Returns up to 11.91% in 7 days

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: 7 days (7/7/2019 – 7/15/2019)
I Know First Average: 3.48%
Australian stocks
Stock Forecast

The algorithm correctly predicted 7 out 10 of the suggested trades in the By Country – Australian Stocks Package for this 7 days forecast. The prediction with the highest return was FLN.AX, at 11.91%. RSG.AX and RFG.AX saw outstanding returns of 10.95% and 8.82%.

Freelancer Limited is an Australia-based company, which is principally engaged in the provision of an online outsourcing marketplace and escrow payment services. The Company operates through two segments: online marketplace and online payment services. The Company’s online payment services, which includes the business of Escrow.com, is a regulated entity that holds funds on behalf of its users in trust bank accounts. Escrow.com is a provider of secure online payments. Escrow.com offers a platform, which allows users to upload document and have their identity verified. Through its marketplace, employers can hire freelancers to do work in areas, such as software development, writing, data entry and design right through to engineering, the sciences, sales and marketing, accounting and legal services.

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.