Momentum Trading Based on a Self-learning Algorithm: Returns up to 11.12% in 3 Days

Momentum Trading

This Momentum Trading forecast is designed for investors and analysts who need predictions for the best stocks to invest in the retail estate sector (see Retail Stocks Package). It includes 20 stocks with bullish and bearish signals:

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

Package Name: Retail Stocks
Recommended Positions: Long
Forecast Length: 3 Days (9/24/21 – 9/27/21)
I Know First Average: 3.96%
Momentum Trading
Momentum Trading chart

In this 3 Days forecast for the Retail Stocks Package, there were many high performing trades and the algorithm correctly predicted 10 out of 10 trades. CAR was the top performing prediction with a return of 11.12%. Additional high returns came from CTRN and OSTK, at 6.96% and 6.89% respectively. The overall average return in this Retail Stocks package was 3.96%, providing investors with a 4.09% premium over the S&P 500’s return of -0.13% during the same period.

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

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.