Best Automotive Stocks Based on Pattern Recognition: Returns up to 28.22% 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 (9/22/24 – 10/6/24)
I Know First Average: 4.09%
During the 14 Days forecasted period several picks in the Automotive Stock Forecast Package saw significant returns. The algorithm has correctly predicted 7 out of 10 returns. NIO was the top performing prediction with a return of 28.22%. The suggested trades for RMBL and TSLA also had notable 14 Days yields of 7.59% and 4.96%, respectively. The package had an overall average return of 4.09%, providing investors with a premium of 3.24% over the S&P 500’s return of 0.85% 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.