Stock Price Predictor

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 18 stocks with bullish and bearish signals:

• Top 9 South African stocks for the long position
• Top 9 South African stocks for the short position

Package Name: By Country – South African Stocks
Recommended Positions: Long
Forecast Length: 7 Days (06/27/2018 – 07/04/2018)
I Know First Average: 3.55%

In this 7 Days forecast for the By Country – South African Stocks Package, there were many high performing trades and the algorithm correctly predicted 9 out 9 trades. The top-performing prediction in this forecast was FSRJ.J, which registered a return of 8.69%. Other notable stocks were FFBJ.J and GFIJ.J with a return of 8.67% and 3.50%. The package had an overall average return of 3.55%, providing investors with a premium of 3.91% over the S&P 500’s return of -0.36% during the same period.

FirstRand Limited provides banking, insurance and investment products and services to retail, commercial, corporate and public sector customers in South Africa and various African countries. The Company consists of a portfolio of financial services franchises, including First National Bank (FNB), a retail and commercial bank; Rand Merchant Bank (RMB), a corporate and investment bank; WesBank, its installment finance business, and Ashburton Investments, its investment management business. The Company’s segments include FNB, FNB Africa, RMB, WesBank and FCC. FNB includes activities in the retail and commercial segments in South Africa. RMB includes activities in the corporate and investment banking segments in South Africa. WesBank includes activities in asset-based finance and related products in the retail, commercial and corporate segments of South Africa and rest of Africa, and asset-based motor finance through MotoNovo Finance in the United Kingdom.

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 9 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.