Automotive Stocks Based on Algo Trading: Returns up to 1.87% in 3 Days

Automotive Stocks

This Automotive Stocks forecast is designed for investors and analysts who need predictions of the best-performing stocks in the automotive industry (see Automotive Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best auto stocks to trade:

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

Package Name: Automotive Stock Forecast
Recommended Positions: Short
Forecast Length: 3 Days (8/9/2019 – 8/12/2019)
I Know First Average: 5.08%
Automotive Stocks
Automotive Stocks chart
10 out of 10 top stock picks from the algorithm decreased as predicted for this 3 Days forecasting period. S&P 500 saw monumental price change of 1.87% in just 3 Days. AZO, and MOD also had excellent performances with returns of 1.43% and 1.85% respectively. Finally, good returns could also come from short positions held on the rest of successfully predicted assets, providing positive gains over the same forecast period.

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.