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 (4/26/24 – 4/29/24)
I Know First Average: 3.27%

In this 3 Days forecast for the Automotive Stock Forecast Package, there were many high performing trades and the algorithm correctly predicted 8 out of 10 trades. The top performing prediction from this package was TSLA with a return of 14.03%. The suggested trades for NIO and AN also had notable 3 Days yields of 11.38% and 3.15%, respectively. With these notable trade returns, the package itself registered an average return of 3.27% compared to the S&P 500’s return of 1.34% for 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.