Momentum Trading Strategies Based on Algo Trading: Returns up to 34.74% in 7 Days

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: 7 Days (9/13/24 – 9/20/24)
I Know First Average: 6.67%
Momentum Trading Strategies
Momentum Trading Strategies chart

7 out of 10 stock prices in this forecast for the Retail Stocks Package moved as predicted by the algorithm. KIRK was the top performing prediction with a return of 34.74%. Further notable returns came from CTRN and SIG at 16.89% and 9.25%, respectively. The overall average return in this Retail Stocks package was 6.67%, providing investors with a 4.76% premium over the S&P 500’s return of 1.91% during 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.