WORKHORSE GROUP INC (WKHS) Stock Technical Analysis
NASDAQ:WKHS - Nasdaq - US98138J4040 - Common Stock - Currency: USD
Taking everything into account, WKHS scores 7 out of 10 in our technical rating. Although WKHS has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
WKHS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
WKHS is one of the better performing stocks in the Automobiles industry, it outperforms 97% of 37 stocks in the same industry.
In the last month WKHS has a been trading in the 0.93 - 5.61 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
WKHS has an average volume of 3116910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, WKHS did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WKHS has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.38
4.46
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 | NEUTRAL | NEUTRAL | The long term trend for WKHS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WKHS is up. |
| ChartMill Relative Strength | 96.02 | POSITIVE | WKHS has a high relative strength, it outperformed 96.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WKHS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WKHS is above the rising 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) | 95.2 | OVERBOUGHT | The high RSI value suggests WKHS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests WKHS has a positive trend. |
| Stochastics (14,3) | 69.34 | NEUTRAL | The Stochastics value for WKHS is a neutral value. |
| Average True Range in percent/ATR (20) | 9.1 | HIGH VOLATILITY | The high ATR as a percentage value for WKHS suggests high volalility. |
| Average Directional Index/ADX (14) | 46.44 | POSITIVE | The high ADX value value for WKHS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.42
+1.51 (+51.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg51.89%
1 Week204.83%
2 Weeks274.58%
1 Month329.13%
3 Month253.6%
6 Month-53.63%
12 Month-79.44%
2 Year-98.67%
3 Year-99.46%
5 Year-99.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%9.1%
ATR Inc395.54%
Range Today2.74
ADR(20)0.4
ADR(20)%8.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.02
Mansfield-4.51
10 Day High5.61
10 Day Low1.04
20 Day High5.61
20 Day Low0.93
52 Week High28.13
52 Week Low0.81
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-0.95%
DER(5)0.94%
Volume50.81M
Volume Incr4207.89%
Vol(5)25.22M
Vol(50)3.12M