Best Automotive Stocks Based on Stock Algorithm: Returns up to 28.09% 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 (12/14/23 – 12/28/23)
I Know First Average: 8.33%
Best Automotive Stocks
Best Automotive Stocks chart

7 out of 10 stock prices in this forecast for the Automotive Stock Forecast Package moved as predicted by the algorithm. The top performing prediction from this package was RMBL with a return of 28.09%. Other notable stocks were HOG and KWR with a return of 11.89% and 11.47%. This algorithmic forecast package presented an overall return of 8.33% versus the S&P 500’s performance of 1.62% providing a market premium of 6.71%.

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.