WORKHORSE GROUP INC (WKHS) Stock Technical Analysis
USA - NASDAQ:WKHS - US98138J4040 - Common Stock
Taking everything into account, WKHS scores 0 out of 10 in our technical rating. 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 technical rating of WKHS is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.78
We found 1 important resistance area.
- A resistance zone ranging from 1.10 to 1.10. 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 | 0.98 | NEGATIVE | WKHS has a low relative strength, it was outperformed by 99.02% 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) | 21.85 | OVERSOLD | The low RSI value suggests WKHS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WKHS has a negative trend. |
| Stochastics (14,3) | 6.98 | OVERSOLD | The low Stochastics value suggests WKHS may be oversold. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for WKHS suggests high volalility. |
| Average Directional Index/ADX (14) | 21.91 | NEUTRAL | The ADX value for WKHS suggests a possible start of a new trend. |
0.7865
-0.05 (-5.81%)
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.
What is the trend direction for WKHS stock?
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 21.8462. This indicates that the stock is currently oversold.
What is the MACD signal for WORKHORSE GROUP INC (WKHS) stock?
The MACD indicator for WORKHORSE GROUP INC (WKHS) has a value of -0.0228713, indicating a bearish trend.
What is the short term momentum for WKHS stock?
The short term momentum for WORKHORSE GROUP INC (WKHS) is negative.