WORKSPORT LTD (WKSP) Stock Technical Analysis
NASDAQ:WKSP - Nasdaq - US98139Q3083 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to WKSP. WKSP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
93% of all other stocks performed better in the past year than WKSP.
WKSP is part of the Automobile Components industry. There are 81 other stocks in this industry, of which 92% are performing better than WKSP.
WKSP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so WKSP is lagging the market.
In the last month WKSP has a been trading in the 2.46 - 3.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WKSP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.52
3.61
We found 2 important support areas.
- Support @2.67 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.55 to 2.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.17 to 3.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.48 to 3.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for WKSP is neutral. |
| ChartMill Relative Strength | 7.69 | NEGATIVE | WKSP has a low relative strength, it was outperformed by 92.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WKSP is above a declining 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) | 46.84 | NEUTRAL | The RSI value for WKSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WKSP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.53 | NEUTRAL | The Stochastics value for WKSP is a neutral value. |
| Average True Range in percent/ATR (20) | 10.26 | HIGH VOLATILITY | The high ATR as a percentage value for WKSP suggests high volalility. |
| Average Directional Index/ADX (14) | 15.07 | NEGATIVE | The low ADX value for WKSP suggests a weak or negative 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)
2.97
-0.2 (-6.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-6.31%
1 Week-8.33%
2 Weeks4.58%
1 Month-10.27%
3 Month-18.76%
6 Month-71.98%
12 Month-51.31%
2 Year-87.83%
3 Year-84.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%10.26%
ATR Inc-25%
Range Today0.28
ADR(20)0.29
ADR(20)%9.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.69
Mansfield-5.3
10 Day High3.6
10 Day Low2.8
20 Day High3.6
20 Day Low2.46
52 Week High12
52 Week Low2.44
CS1 End2.67
CR1 Start3.17
Volume & EV
DER(3)-13.95%
DER(5)-10.17%
Volume62.20K
Volume Incr-54.55%
Vol(5)157.98K
Vol(50)197.70K