What implications does the 10-day RSI indicator have for WKHS?

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WKHS's RSI Indicator exited the oversold zone, 39 of 49 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 80%.

What does the Stochastic Oscillator suggest about WKHS's trend?

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 45 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 79%.

How did WKHS's Momentum indicator behave recently?

The Momentum Indicator moved below the 0 level on August 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on WKHS as a result. In 71 of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 90%.

What does MACD indicator imply for WKHS?

The Moving Average Convergence Divergence (MACD) for WKHS just turned positive on September 05, 2024. Looking at past instances where WKHS's MACD turned positive, the stock continued to rise in 32 of 36 cases over the following month. The odds of a continued upward trend are 89%.

What does a 3-day price advance indicate for WKHS?

Following a +0.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, in 198 of 240 cases, the price rose further within the following month. The odds of a continued upward trend are 82%.

What does WKHS breaking above its upper Bollinger Band indicate?

WKHS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

How does the Aroon Indicator reflect on WKHS's trend?

The Aroon Indicator for WKHS entered a downward trend on September 09, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

WKHS

AS OF

Sep 11 closing price

Price

$0.66

Change

-$0.00 (-0.00%)

Capitalization

73.05M

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Serhii Bond

published in Blogs

Jul 07, 2023

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Maximize Profit with WKHS (+23.05%): Unleash the Power of Market Neutral Strategy!

Choppy Market Trader, Popular Stocks: Market Neutral Strategy (TA&FA) 23.05% for WKHS

In the complex world of trading and investment, one strategy that stands out in the face of a choppy market is the Market Neutral Strategy (TA&FA). Remarkably, this strategy has reported a substantial yield of 23.05% for Workhorse Group Inc (WKHS), a popular stock among traders.

Market dynamics have observed an impressive 3-day surge for WKHS, clocking a considerable +23.67% gain. But the bullish trend doesn't stop there. Advanced analytics, stemming from a historical analysis of WKHS's trading patterns, suggest an even brighter future for the stock.

When delving into the past trading performance of WKHS, a noteworthy pattern emerges. In situations where WKHS enjoyed a positive three-day trading spree, the stock displayed a continued upward trajectory in 214 out of 255 instances. This results in an impressive 84% probability for further price advancement within the ensuing month.

Given this strong statistical backing, WKHS stands as a promising candidate for investors employing the Market Neutral Strategy (TA&FA). Traders would be wise to consider this analytical insight when scanning the stock market landscape for profitable trading opportunities.

This analytical finding serves to underline the potential inherent in a data-driven approach to stock market investment. By leveraging comprehensive technical and fundamental analysis, investors can uncover potentially profitable trends, even amidst the uncertainty of choppy markets.

With an 84% chance of continued growth, WKHS has proven to be a fruitful ground for traders deploying the Market Neutral Strategy. The numbers paint a compelling picture of the future trajectory of WKHS, underlining the effectiveness of this investment strategy. As always, careful analysis and prudent decision-making remain crucial in navigating the ever-evolving market landscape.

Related Ticker: WKHS

WKHS in -13.33% downward trend, sliding for three consecutive days on September 11, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where WKHS declined for three days, in of 364 cases, the price declined further within the following month. The odds of a continued downward trend are .

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 33.66B. The market cap for tickers in the group ranges from 2.49M to 559.85B. TSLA holds the highest valuation in this group at 559.85B. The lowest valued company is EVTGF at 2.49M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -2%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -11%. NIO experienced the highest price growth at 32%, while MULN experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was 2%. For the same stocks of the Industry, the average monthly volume growth was 51% and the average quarterly volume growth was 10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 42

P/E Growth Rating: 78

Price Growth Rating: 64

SMR Rating: 72

Profit Risk Rating: 84

Seasonality Score: -29 (-100 ... +100)

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a manufactures of high performance, medium duty trucks

Industry MotorVehicles

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Fundamentals

Details

Industry

Auto Parts OEM

Address

3600 Park 42 Drive

Phone

+1 888 646-5205

Employees

298

Web

https://www.workhorse.com

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