Stock Price Prediction Based on Stock Algorithm: Returns up to 14.93% in 7 Days

Stock Price Prediction

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 (07/17/2018 – 07/24/2018)
I Know First Average: 3.01%
Stock Price Prediction

The algorithm correctly predicted 6 out 10 of the suggested trades in the By Country – Australian Stocks Package for this 7 Days forecast. ELX.AX was the highest-earning trade with a return of 14.93% in 7 Days. Additional high returns came from FLN.AX and BFG.AX, at 14.81% and 6.42% respectively. The package had an overall average return of 3.01%, providing investors with a 2.22% premium over the S&P 500’s return of 0.79% during the period.

PT XL Axiata Tbk is an Indonesia-based telecommunications company. The Company is engaged in the provision of mobile phone services and offering various types of telecommunication products and services such as voice, short message service (SMS), data and other value-added mobile telecommunication services. In addition, it also provides leased lines, rental of telecommunication towers, Internet service provider and national roaming service. The Company has three subsidiaries, namely GSM One (L) Ltd., GSM Two (L) Ltd., and Excelcomindo Finance Company B. V. On April 8, 2014, the Company announced that its merger with PT Axis Telekom Indonesia has been completed, with the Company as the surviving entity.

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.