Bullish Australian Stocks To Buy

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: 3 Days (03/11/2019 – 03/14/2019)
I Know First Average: 4.47%

Several predictions in this short-term 3 Days forecast saw significant returns. The algorithm had correctly predicted 9 out 10 stock movements. MYR.AX was the top performing prediction with a return of 17.89%. HUB.AX and FLN.AX saw outstanding returns of 10.30% and 9.59%. The package had an overall average return of 4.47%, providing investors with a 4.79% premium over the S&P ASX’s return of -0.32% during the period.

Myer Holdings Limited (Myer) is an Australia-based department store company. The Company’s department store network includes a footprint of approximately 60 stores in retail locations across Australia. The Myer merchandise offer includes 11 product categories: Womenswear; Menswear; Miss Shop (Youth); Childrenswear; Intimate apparel; Beauty, fragrance and cosmetics; Homewares; Electrical goods; Toys; Footwear, handbags and accessories, and General merchandise. The Company also owns womenswear designer brand, sass & bide. The Company’s brands include TOPSHOP TOPMAN, Seed, French Connection, Mimco, Veronika Maine, Jack & Jones and Industrie. The Company’s subsidiaries include Myer Pty Ltd, NB Elizabeth Pty Ltd, NB Russell Pty Ltd, Warehouse Solutions Pty Ltd, Myer Group Finance Limited, Myer Group Pty Ltd and Myer Travel Pty Ltd. The Company also undertakes activities outside the department store retail business through its subsidiaries, sass & bide, and FSS Retail Pty Ltd.

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.