Overall WKHS gets a technical rating of 0 out of 10. WKHS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 99% of all other stocks performed better in the past year than WKHS.
- WKHS is part of the Automobiles industry. There are 35 other stocks in this industry, of which 82% are performing better than WKHS.
- WKHS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month WKHS has a been trading in the 4.12 - 5.67 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
The technical rating of WKHS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.36
We found 1 important resistance area.
- A resistance zone ranging from 4.88 to 4.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for WKHS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WKHS is down. |
| ChartMill Relative Strength | 1.75 | NEGATIVE | WKHS has a low relative strength, it was outperformed by 98.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WKHS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WKHS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WKHS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.91 | NEUTRAL | The RSI value for WKHS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WKHS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 10.15 | OVERSOLD | The low Stochastics value suggests WKHS may be oversold. |
| Average True Range in percent/ATR (20) | 6.62 | HIGH VOLATILITY | The high ATR as a percentage value for WKHS suggests high volalility. |
| Average Directional Index/ADX (14) | 29.89 | POSITIVE | The high ADX value value for WKHS suggests a strong trend. |
4.4
+0.27 (+6.54%)
WORKHORSE GROUP INC / WKHS FAQ
Can you provide the ChartMill technical rating for WORKHORSE GROUP INC?
ChartMill assigns a technical rating of 0 / 10 to WKHS.
Can you provide the trend direction for WORKHORSE GROUP INC?
The current trend direction for WORKHORSE GROUP INC (WKHS) is Bearish.
Can you provide the RSI signal for WORKHORSE GROUP INC?
WORKHORSE GROUP INC (WKHS) has an RSI value of 32.9092. This indicates that the stock is currently neutral.
What is the short term momentum for WKHS stock?
The short term momentum for WORKHORSE GROUP INC (WKHS) is negative.
What is the support and resistance level for WKHS stock?
WORKHORSE GROUP INC (WKHS) has a resistance level at 4.88. Check the full technical report for our detailed analysis of WKHS support and resistance levels.