Swing Trading Based on Artificial Intelligence: Returns up to 8.34% in 3 Days

Swing 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 (08/19/2018 – 08/22/2018)
I Know First Average: 3.15%
Swing Trading

9 out of 10 stock prices in this forecast for the By Country – South African Stocks Package moved as predicted by the algorithm. APNJ.J was our best stock pick this week a return of 8.34%. EXXJ.J and CPIJ.J followed with returns of 8.00% and 5.00% for the 3 Days period. The package saw an overall yield of 3.15% versus the S&P 500’s return of 0.41% implying a market premium of 2.74%.

Aspen Pharmacare Holdings Limited is a South Africa-based supplier and manufacturer of branded and generic pharmaceutical products, as well as infant nutritional and consumer healthcare products. The Company’s segments include International, South Africa, Asia Pacific and Sub-Saharan Africa (SSA). Its International business includes operating subsidiaries in Europe, Commonwealth of Independent States (CIS), Latin America, the Middle East and North Africa, Canada, as well as Mauritius-based Aspen Global Incorporated. The South African business provides branded, generic, over-the-counter, consumer health and infant nutritional products, which are supplied to pharmacies, retail pharmacy chains, hospitals, clinics, prescribing specialists, dispensing general practitioners, managed healthcare funders and retail stores across the private and public sectors in South Africa. Its business in Asia Pacific includes operations in Australasia, the Philippines, Taiwan and Japan.

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.