Automotive Stocks Based on Algo Trading: Returns up to 8.63% 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: Long
Forecast Length: 3 Days (5/10/24 – 5/14/24)
I Know First Average: 2.54%
Automotive Stocks
Automotive Stocks chart

During the 3 Days forecasted period several picks in the Automotive Stock Forecast Package saw significant returns. The algorithm has correctly predicted 7 out of 10 returns. The top performing prediction from this package was NIO with a return of 8.63%. GPI and KMX had notable returns of 6.93% and 6.64%. The package’s overall average return was 2.54%, providing investors with a 1.91% premium over the S&P 500’s return of 0.63% during the same 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.