RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WKHS
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Big movements in Workhorse stock price on Wednesday moving 11.14% between high and low
(Updated on Mar 27, 2024)

Sell candidate since Mar 12, 2024 Loss -15.92% PDF

The Workhorse stock price gained 7.21% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.216 to $0.232. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 11.14% from a day low at $0.211 to a day high of $0.235. The price has fallen in 6 of the last 10 days and is down by -13.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately $6.03 million.

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 -21.07% during the next 3 months and, with a 90% probability hold a price between $0.162 and $0.255 at the end of this 3-month period.

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WKHS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 10.53%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Workhorse stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.276. On a fall, the stock will find some support from the short-term average at $0.224. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Workhorse stock

Workhorse finds support from accumulated volume at $0.222 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0235 between high and low, or 11.14%. For the last week, the stock has had daily average volatility of 9.09%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WKHS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Workhorse Group to open at $0.226, and during the day (based on 14 day Average True Range), to move between $0.206 and $0.258, which gives a possible trading interval of +/-$0.0259 (+/-11.16%) up or down from last closing price. If Workhorse Group takes out the full calculated possible swing range there will be an estimated 22.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.235 (1.34%) than the support at $0.222 (4.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Workhorse Group stock A Buy?

Workhorse holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.666 Sell Candidate Unchanged

Predicted Opening Price for Workhorse Group of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.226 ( 2.63%) $0.232

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WKHS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.249 7.50 %
R2 0.240 3.63 %
R1 0.235 1.24 %
Current price: 0.232
Support S1 0.217 -6.50 %
S2 0.211 -8.89 %
S3 0.202 -12.76 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.276 18.93 %
R2 0.249 7.20 %
R1 0.235 1.34 %
Current price 0.232
Support S1 0.222 -4.36%
S2 0.216 -6.73%
S3 0.210 -9.53%

FAQ

What is the symbol for Workhorse Stock and on which exchange is it traded?
The symbol for Workhorse is WKHS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Workhorse Stock?
Workhorse holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Workhorse Stock?
Workhorse Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Workhorse Stock.

What's the current price of Workhorse Stock?
As of the end of day on the 2024-03-27, the price of an Workhorse (WKHS) share was $0.232.

What is the 52-week high and low for Workhorse Stock?
The 52-week high for Workhorse Stock is $1.39 and the 52-week low is $0.201.

What is the market capitalization of Workhorse Stock?
As of the 2024-03-27, the market capitalization of Workhorse is 68.098M.

When is the next earnings date for Workhorse?
The upcoming earnings date for Workhorse is May 20, 2024.
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About Workhorse Group

Workhorse Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. It also provides Metron, an air delivery application that tracks the performance of various the vehicles dep... WKHS Profile

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