South African Stocks Based on Pattern Recognition: Returns up to 11.71% in 14 Days
South African Stocks
This 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 South African 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: 14 Days (4/11/21 – 4/26/21)
I Know First Average: 2.93%
I Know First’s State of the Art Algorithm accurately forecasted 7 out of 10 trades in this By Country – South African Stock Package for the 14 Days time period. SOLJ.J was our best stock pick this week a return of 11.71%. APNJ.J, and RDFJ.J had notable returns of 8.82% and 5.82%. The package had an overall average return of 2.93%, providing investors with a 2.36% premium over the JSE Africa’s return of 0.57% during the period.
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.