Momentum Trading Strategies Based on a Self-learning Algorithm: Returns up to 48.37% in 3 Months

Momentum Trading Strategies

Momentum Trading Strategies: This Retail Stocks 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 Months (2/8/24 – 5/8/24)
I Know First Average: 15.52%
Momentum Trading Strategies
Momentum Trading Strategies chart

This Retail Stocks Package forecast has correctly predicted 8 out of 10 stock movements. WSM was our best stock pick with a return of 48.37%. Additional high returns came from HIBB and TXRH, at 29.88% and 24.82% respectively. This algorithmic forecast package presented an overall return of 15.52% versus the S&P 500’s performance of 3.86% providing a market premium of 11.66%.

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.