Australian Stocks Based on Stock Algorithm: Returns up to 15.58% 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 (7/17/2019 – 7/24/2019)
I Know First Average: 5.77%
Australian Stocks
Australian Stocks chart

In this 7 days forecast for the By Country – Australian Stocks Package, there were many high performing trades and the algorithm correctly predicted 9 out 10 trades. RSG.AX was our best stock pick this week a return of 15.58%. RFG.AX and SAR.AX saw outstanding returns of 11.11% and 9.74%. The package had an overall average return of 5.77%, providing investors with a 3.89% premium over the S&P ASX’s return of 1.88% 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.