Best Automotive Stocks Based on Pattern Recognition: Returns up to 12.48% in 14 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: 14 Days (8/27/2019 – 9/10/2019)
I Know First Average: 7.47%
Best Automotive Stocks
Best Automotive Stocks chart

During the 14 Days forecasted period several picks in the Automotive Stock Forecast Package saw significant returns. The algorithm had correctly predicted 10 out 10 returns. The prediction with the highest return was SPAR, at 12.48%. The suggested trades for MGA and AN also had notable 14 Days yields of 11.38% and 9.59%, respectively. The overall average return in this Automotive Stock Forecast package was 7.47%, providing investors with a 3.96% premium over the S&P 500’s return of 3.51% during the same period.

Spartan Motors, Inc., through its subsidiaries, engineers, manufactures, and sells heavy-duty and custom vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Emergency Response Vehicles, Fleet Vehicles and Services, and Specialty Chassis and Vehicles.

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.