With no support below and resistance from accumulated volume $1.11, some $0.0700 (6.73%) from the current price of $1.04, our system finds the risk reward not very attractive.
#Workhorse stock forum full
If Workhorse Group takes out the full calculated possible swing range there will be an estimated 18.24% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$0.0948 (+/-9.12%) up or down from last closing price. Trading Expectations (WKHS) For The Upcoming Trading Day Of Thursday 13thįor the upcoming trading day on Thursday, 13th we expect Workhorse Group to open at $1.07, 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 6.88%. During the last day, the stock moved $0.0800 between high and low, or 7.69%. 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". There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. Support, Risk & Stop-loss for Workhorse stock
#Workhorse stock forum how to
How to buy WKHS stock and grow your wealth. The ultimate guide for first-time investors: Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Further fall is indicated until a new bottom pivot has been found.
A sell signal was issued from a pivot top point on Thursday, February 02, 2023, and so far it has fallen -58.23%. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $1.14 and $1.50. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. The Workhorse stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
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