Taking everything into account, WKSP scores 1 out of 10 in our technical rating. WKSP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
WKSP has a poor technical rating and the quality of the setup is also not perfect 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
2.16
We found 2 important support areas.
- Support @2.22 from a trend line in the daily time frame.
- Support @2.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.78 from a trend line in the daily time frame.
- Resistance @3.06 from a trend line in the daily time frame.
- Resistance @3.78 from a horizontal line 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 WKSP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WKSP is down. |
| ChartMill Relative Strength | 6.06 | NEGATIVE | WKSP has a low relative strength, it was outperformed by 93.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WKSP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WKSP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WKSP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.74 | NEUTRAL | The RSI value for WKSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WKSP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.42 | NEUTRAL | The Stochastics value for WKSP is a neutral value. |
| Average True Range in percent/ATR (20) | 10.02 | HIGH VOLATILITY | The high ATR as a percentage value for WKSP suggests high volalility. |
| Average Directional Index/ADX (14) | 14.33 | NEGATIVE | The low ADX value for WKSP suggests a weak or negative trend. |
2.42
+0.05 (+2.11%)
WORKSPORT LTD / WKSP FAQ
What is the ChartMill technical rating of WORKSPORT LTD (WKSP) stock?
ChartMill assigns a technical rating of 1 / 10 to WKSP.
Can you provide the trend direction for WORKSPORT LTD?
The current trend direction for WORKSPORT LTD (WKSP) is Bearish.
What is the RSI signal for WORKSPORT LTD (WKSP) stock?
WORKSPORT LTD (WKSP) has an RSI value of 45.7357. This indicates that the stock is currently neutral.
What is the short term momentum for WKSP stock?
The short term momentum for WORKSPORT LTD (WKSP) is negative.
What is the support and resistance level for WKSP stock?
WORKSPORT LTD (WKSP) has a support level at 2.22 and a resistance level at 2.78. Check the full technical report for our detailed analysis of WKSP support and resistance levels.