Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. You may use and the contents contained in solely for your own individual non-commercial and informational purposes only. Liable for your own investment decisions and agree to the Users should not base their investment decision upon. 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 Hold/Accumulate to a Buy candidate. Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. 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 $2.94 (0.34%) If Workhorse Group takes out the full calculated possible swing range there will be an estimated 14.45% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$0.21 (+/-7.22%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Tuesday 19thįor the upcoming trading day on Tuesday 19th we expect Workhorse Group to open at $2.97, and during day (based on 14 day Average True Range), There is a sell signal from a pivot top found 30 days ago.) (This stock has medium daily movements and this gives medium risk. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk. Since the Workhorse has been rising for 6 days in a row, the risk over the next couple of days has increased. For the last week, the stock has had a daily average volatility of 6.59%. During the last day, the stock moved $0.15 between high and low, or 5.15%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. Workhorse finds support from accumulated volume at $2.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Thursday, June 02, 2022, and so far it has fallen -7.67%. Some negative signals were issued as well, and these may have some influence on the near short-term development. This is considered to be a good technical signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). A breakdown below any of these levels will issue sell signals. On corrections down, there will be some support from the lines at $2.84 and $2.87. Workhorse stock prediction 2021.The Workhorse stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
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