Stock Market Direction Forecast

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

Package Name: By Country – Israeli Stocks
Recommended Positions: Long
Forecast Length: 7 Days (10/24/2018 – 10/31/2018)
I Know First Average: 1.62%

During the 7 Days forecasted period several picks in the By Country – Israeli Stocks Package saw significant returns. The algorithm had correctly predicted 6 out 10 returns. The prediction with the highest return was AUDC.TA, at 18.05%. Further notable returns came from SNCM.TA and GILT.TA at 6.57% and 6.56%, respectively. The By Country – Israeli Stocks package had an overall average return of 1.62%, providing investors with a premium of 2.68% over the S&P 500’s return of -1.06%.

AudioCodes Ltd. (AudioCodes), incorporated on November 22, 1992, designs, develops and sells Voice over-Internet Protocol (VoIP) and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications (UC) and Contact Center (CC) services whether deployed on-premise or delivered from the cloud. The Company categorizes its products and services into two main business lines: network and technology. Network products consist of customer premises equipment (CPE), gateways for the enterprise and service provider (or carrier) markets and of carrier-grade-oriented low- and mid-density media gateways for service providers and Enterprise Session Border Controls (ESBCs). Complementing its media gateways and session border gateways as network products are its multi-service business routers (MSBR), Internet Protocol (IP) phones, media servers, mobile VoIP solutions and value added application products. Technology products consist of its chips and boards business products. Its products are deployed globally in enterprise, service provider cloud networks. AudioCodes’ products include IP phones, media gateways, residential gateways, media servers, mobile communications solutions, life cycle management solutions and professional services.

The Company is focused on converged VoIP and data communications offering technology, products and solutions for enterprise UC, contact centers, service provider business services, mobile VoIP and cloud virtualized data centers. Its products are sold to original equipment manufacturers (OEMs) through distribution channels. Its chips and boards serve as building blocks that its customers incorporate in their products.

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.