Best Automotive Stocks Based on Stock Algorithm: Returns up to 7.66% in 3 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: 3 Days (5/13/22 – 5/17/22)
I Know First Average: 4.53%
Best Automotive Stocks
Best Automotive Stocks chart

For this 3 Days forecast the algorithm had successfully predicted 10 out of 10 movements. The highest trade return came from RIDE, at 7.66%. Other notable stocks were WNC and KMX with a return of 7.18% and 6.8%. The package itself saw an overall return of 4.53%, providing investors with a 0.49% premium above the S&P 500’s return of 4.04% for the same time 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.