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(WKHS) Workhorse Group complete technical analysis [charts+indicators] | Buy/Sell Workhorse Group | (WKHS) share price targets

Complete technical analysis of Workhorse Group (WKHS) by charts plus indicators, forecast predictions and share price targets for Workhorse Group (WKHS)

Workhorse Group trades in USA in Capital Goods sector.

Showing technical analysis as on 2024-05-31 View latest technical analysis

10 day averaged volume of Workhorse Group is 17366488

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	0.19	0.20	0.21	0.19	0.375 times
30 Thu May 2024	0.20	0.19	0.21	0.19	0.412 times
29 Wed May 2024	0.19	0.21	0.21	0.19	0.437 times
28 Tue May 2024	0.21	0.21	0.22	0.20	0.419 times
23 Thu May 2024	0.20	0.23	0.23	0.19	1.558 times
22 Wed May 2024	0.21	0.21	0.23	0.20	0.581 times
21 Tue May 2024	0.21	0.23	0.23	0.21	0.779 times
20 Mon May 2024	0.23	0.26	0.26	0.23	0.786 times
17 Fri May 2024	0.24	0.25	0.27	0.22	1.412 times
16 Thu May 2024	0.25	0.23	0.27	0.22	1.901 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.2, but if it comes above 0.2, then a intra day buy could be more profitable.
If you take a sell trade below 0.2, then use 0.2 as stoploss and 0.1 as target. However if you take a buy trade in stock , then use 0.2 as stoploss and 0.2 as target.

Share price targets for Workhorse Group (WKHS)

Target Type	Value
Downside Target	0.15
Downside Target	0.16
Downside Target	0.17
Downside Target	0.19
Upside Target	0.20
Upside Target	0.22
Upside Target	0.23
Upside Target	0.24
Upside Target	0.26
Upside Target	0.27
Upside Target	0.35
Upside Target	0.38
Upside Target	0.41

Intraday share price targets for Workhorse Group (WKHS)

Target Type	Value
Downside Intraday Target	0.18
Downside Intraday Target	0.17
Upside Intraday Target	0.21
Upside Intraday Target	0.23
Upside Intraday Target	0.2

Weekly technical analysis of Workhorse Group (WKHS)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	0.19	0.21	0.22	0.19	0.444 times
23 Thu May 2024	0.20	0.26	0.26	0.19	0.537 times
17 Fri May 2024	0.24	0.18	0.27	0.17	1.033 times
10 Fri May 2024	0.18	0.16	0.22	0.16	1.154 times
03 Fri May 2024	0.16	0.16	0.17	0.15	1.349 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Workhorse Group (WKHS)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	0.19	0.15	0.27	0.15	1.04 times
30 Tue Apr 2024	0.15	0.23	0.24	0.15	1.494 times
28 Thu Mar 2024	0.23	0.34	0.35	0.20	1.306 times
29 Thu Feb 2024	0.33	0.27	0.41	0.23	1.512 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Workhorse Group (WKHS)

Price action analysis of Workhorse Group ( (WKHS) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Workhorse Group ( (WKHS) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Workhorse Group ( (WKHS) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Workhorse Group stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Workhorse Group in short term but the buy signal is initial and weak.

Workhorse Group Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Workhorse Group in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Workhorse Group is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.22 and Workhorse Group (WKHS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Workhorse Group (WKHS) stock. Volume based technical analysis of Workhorse Group (WKHS) stock is negative.

Workhorse Group Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.