Algorithmic Trading Based on Pattern Recognition: Returns up to 11.73% in 3 Days

Algorithmic Trading

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

  • Top 10 South African stocks for the long position
  • Top 10 South African stocks for the short position

Package Name: By Country – South African Stocks
Recommended Positions: Long
Forecast Length: 3 Days (05/18/2018 – 05/22/2018)
I Know First Average: 3.20%
Algorithmic Trading

In this 3 Days forecast for the By Country – South African Stocks Package, there were many high performing trades and the algorithm correctly predicted 9 out 10 trades. The top-performing prediction in this forecast was BATJ.J, which registered a return of 11.73%. Other notable stocks were RESJ.J and CPIJ.J with a return of 4.58% and 3.54%. The package had an overall average return of 3.20%, providing investors with a premium of 3.04% over the S&P 500’s return of 0.16% during the same period.

Brait SE is a South Africa-based investment holding company focused on driving long-term growth and value creation in its investment portfolio of sizeable businesses operating in the consumer sector. The Company’s investment objective is to achieve long-term growth through majority or minority stakes in achievements across a portfolio of unlisted companies, while raising capital in an efficient manner. Brait SE invests in privately owned businesses. The Company invests in various sectors, including Consumer services-apparel retailer, Consumer services-fitness, Consumer goods-food products, Consumer goods-food retailers, Consumer goods-furnishings and Other. The Company’s subsidiaries include Brait Malta Limited and Brait Mauritius Limited.

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.

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