WORKSPORT LTD (WKSP) Stock Technical Analysis
NASDAQ:WKSP • US98139Q3083
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, WKSP is a bad performer in the overall market: 95% of all stocks are doing better.
- WKSP is part of the Automobile Components industry. There are 42 other stocks in this industry, of which 82% are performing better than WKSP.
- WKSP 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 WKSP has a been trading in the 1.40 - 2.33 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of WKSP 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
1.57
When analyzing the resistance we notice 2 important areas.
- Resistance @2.12 from a trend line in the daily time frame.
- Resistance @2.39 from a trend 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 | 5.18 | NEGATIVE | WKSP has a low relative strength, it was outperformed by 94.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WKSP is below 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) | 35.12 | 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) | 15.34 | OVERSOLD | The low Stochastics value suggests WKSP may be oversold. |
| Average True Range in percent/ATR (20) | 10.4 | HIGH VOLATILITY | The high ATR as a percentage value for WKSP suggests high volalility. |
| Average Directional Index/ADX (14) | 25.14 | POSITIVE | The high ADX value value for WKSP suggests a strong trend. |
1.59
+0.07 (+4.61%)
WORKSPORT LTD / WKSP FAQ
What is the ChartMill technical rating of WORKSPORT LTD (WKSP) stock?
ChartMill assigns a technical rating of 0 / 10 to WKSP.
What is the current trend direction of WORKSPORT LTD (WKSP) stock?
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 35.1221. This indicates that the stock is currently neutral.
What is the short term momentum for WORKSPORT LTD (WKSP) stock?
The short term momentum for WORKSPORT LTD (WKSP) is negative.
What is the buy/sell signal for WKSP stock?
The buy/sell signal for WORKSPORT LTD (WKSP) is sell as both the short term and long term trends are negative.