![]() ![]() is a research service that provides financial data and technical analysis of publicly traded stocks.Īll users should speak with their financial advisor before buying or selling any securities. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate. We, therefore, hold a negative evaluation of this stock. Workhorse holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance. Since the stock is closer to the support from accumulated volume at $2.40 (1.23%) #WORKHORSE STOCK FORECAST 2021 FULL#If Workhorse Group takes out the full calculated possible swing range there will be an estimated 18.38% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$0.22 (+/-9.19%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Tuesday 18thįor the upcoming trading day on Tuesday, 18th we expect Workhorse Group to open at $2.41, and during the day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week, the stock has had daily average volatility of 8.99%. During the last day, the stock moved $0.16 between high and low, or 6.70%. This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". ![]() Workhorse finds support from accumulated volume at $2.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. This causes a divergence between volume and price and it may be an early warning. Volume fell during the last trading day despite gaining prices. Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Friday, October 14, 2022, and so far it has risen 7.05%. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. On a fall, the stock will find some support from the short-term average at $2.39. On further gains, the stock will meet resistance from the long-term moving average at $2.85. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. The Workhorse stock holds a buy signal from the short-term moving average at the same time, however, the long-term average holds a general sell signal. There are mixed signals in the stock today. ![]()
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