Boost Profits with WKHS: A Medium Volatility Swing Trade Option with 21.4% Growth
Swing Trader: Medium Volatility Stocks for Active Trading (TA&FA) Generates 21.4% for WKHS
In the rapidly evolving landscape of financial markets, the latest sensation for active trading, particularly for swing traders, seems to be the medium volatility stock, Workhorse Group Inc. (WKHS). This stock, characterized by its well-calibrated swings, has been particularly fruitful for traders using a mix of technical analysis (TA) and fundamental analysis (FA). The use of these combined methods has facilitated an impressive generation of 21.4% returns for WKHS.
As of June 28, 2023, WKHS has been on a +1.58% uptrend, steadily growing for three consecutive days. This performance is more than just a flash in the pan; it marks a bullish sign, forecasting potentially advantageous outcomes for investors and traders alike. The consistent upward movement in the stock's price illustrates its robust momentum and provides opportunities for swing traders to capitalize on its medium-term price swings.
Interestingly, historical data from WKHS offers a promising perspective for its trajectory. Reviewing situations in which WKHS enjoyed a three-day advancement, it was found that in 213 of 254 instances, the stock's price ascended further within the following month. This translates into a promising 84% likelihood of a sustained upward trend.
The WKHS stock, with its track record of medium volatility, provides an ideal playground for swing traders who thrive on short-term price fluctuations. By leveraging both technical and fundamental analysis, these traders can accurately time their entry and exit points, capitalizing on the stock's upward trend.
In the broad spectrum of stock trading, such medium volatility stocks like WKHS offer an attractive balance between reward and volatility. Their noteworthy price movements present ample opportunities for active traders to generate substantial returns while enjoying the predictability of medium volatility.
The impressive performance of WKHS stock exemplifies the potential that medium volatility stocks hold for active trading, particularly for swing traders. The strong upward trend and high probability of continued growth underscore the value of combining technical and fundamental analysis for making informed trading decisions. As the market continues to evolve, medium volatility stocks like WKHS offer promising avenues for active traders to explore, demonstrating the significant potential for remarkable returns in this space.
WKHS in upward trend: 10-day moving average moved above 50-day moving average on October 22, 2024
The 10-day moving average for WKHS crossed bullishly above the 50-day moving average on October 22, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where WKHS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 15, 2024. You may want to consider a long position or call options on WKHS as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
WKHS moved above its 50-day moving average on October 24, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, in of 235 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 137 cases where WKHS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WKHS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
WKHS broke above its upper Bollinger Band on September 24, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. WKHS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.849) is normal, around the industry mean (6.019). P/E Ratio (3.200) is within average values for comparable stocks, (18.031). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.553). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (3.588) is also within normal values, averaging (76.807).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WKHS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.
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Fundamental Analysis Ratings
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General Information
a manufactures of high performance, medium duty trucks
Industry MotorVehicles