Best Automotive Stocks Based on Big Data Analytics: Returns up to 25.85% in 7 Days

Best 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: 7 Days (7/26/22 – 8/2/22)
I Know First Average: 9.14%
Best Automotive Stocks
Best Automotive Stocks chart

For this 7 Days forecast the algorithm had successfully predicted 10 out of 10 movements. RIDE was the top performing prediction with a return of 25.85%. Other notable stocks were TSLA and RMBL with a return of 11.98% and 10.68%. With these notable trade returns, the package itself registered an average return of 9.14% compared to the S&P 500’s return of 3.13% 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.