Top Robinhood Stocks Based on Machine Learning: Returns up to 31.5% in 1 Month

July 25, 2023

Top Robinhood Stocks

This forecast is part of the Robinhood Trades Package, one of I Know First’s algorithmic trading tools. The full investment universe includes the most traded stocks by Robinhood stock trading platform users. Based on it, I Know First AI Algorithm identifies the most promising stocks and produces forecasts that include:

  • Top 10 stocks from Robinhood Trades for the long position
  • Top 10 stocks from Robinhood Trades for the short position

Robinhood Trades Forecast
Package Name: Robinhood Trades
Recommended Positions: Long
Forecast Length: 1 Month (6/23/23 – 7/24/23)
I Know First Average: 13.35%
Top Robinhood Stocks
Top Robinhood Stocks chart

In this 1 Month forecast for the Robinhood Trades Package, there were many high performing trades and the algorithm correctly predicted 8 out of 10 trades. The prediction with the highest return was NIO, at 31.5%. Further notable returns came from PLUG and SQ at 27.38% and 20.32%, respectively. The Robinhood Trades package had an overall average return of 13.35%, providing investors with a premium of 9.41% over the S&P 500’s return of 3.94%.

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.

Robinhood Trades