Workhorse Stock Forecast

Buy or Hold candidate since Jul 28, 2026 Gain 12.12%

The Workhorse stock price gained 3.10% on the last trading day (Friday, 7th Aug 2026), rising from $3.23 to $3.33. During the last trading day the stock fluctuated 8.70% from a day low at $3.22 to a day high of $3.50. The price has risen in 8 of the last 10 days and is up by 22.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 77 thousand shares were bought and sold for approximately $256.34 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.00% during the next 3 months and, with a 90% probability hold a price between $1.99 and $3.55 at the end of this 3-month period.

WKHS Signals & Forecast

The Workhorse stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.26 and $2.89. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Workhorse has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, August 05, 2026, and so far it has fallen -5.13%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Workhorse stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.07 and $3.03. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Workhorse finds support just below today's level at $3.07. If this is broken, then the next support from accumulated volume will be at $3.03 and $2.83.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.280 between high and low, or 8.70%. For the last week, the stock has had daily average volatility of 8.57%.

Our recommended stop-loss: $3.15 (-5.47%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (WKHS) For The Upcoming Trading Day Of Monday 10th

For the upcoming trading day on Monday, 10th we expect Workhorse Group to open at $3.35, and during the day (based on 14 day Average True Range), to move between $3.22 and $3.44, which gives a possible trading interval of +/-$0.222 (+/-6.91%) up or down from last closing price. If Workhorse Group takes out the full calculated possible swing range there will be an estimated 6.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.07 (7.81%) than the resistance at $3.60 (8.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Workhorse Group stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold to a Buy candidate.

Current score: 1.329 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on August 10, 2026 - $3.35 ( 0.601%).

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