Best Stocks Under 5 Dollars Based on Algo Trading: Returns up to 21.27% in 7 Days

Best Stocks Under 5 Dollars

This stock forecast is part of the Stocks Under 5 Dollars Package, as one of I Know First’s algorithmic trading tools. The full package includes daily predictions for a total of 20 Best Stocks Under 5 Dollars with bullish and bearish signals:

  • Top 10 stocks for the long position
  • Top 10 stocks for the short position

under 5
Package Name: Stocks Under $5
Recommended Positions: Long
Forecast Length: 7 Days (5/1/24 – 5/8/24)
I Know First Average: 5.52%
Best Stocks Under 5 Dollars
Best Stocks Under 5 Dollars chart

The algorithm correctly predicted 7 out of 10 the suggested trades in the Stocks Under $5 Package for this 7 Days forecast. The greatest return came from CNDT at 21.27%. The suggested trades for SCKT and IMMP also had notable 7 Days yields of 16.82% and 11.15%, respectively. With these notable trade returns, the package itself registered an average return of 5.52% compared to the S&P 500’s return of 3.02% 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.