Workhorse Group Stock Technical Analysis

WKHS Stock  USD 0.23  0.01  4.55%   
As of the 29th of March, Workhorse maintains the Market Risk Adjusted Performance of (0.44), standard deviation of 6.28, and Mean Deviation of 4.65. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Workhorse Group, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We have analyze and collected data for thirteen technical drivers for Workhorse Group, which can be compared to its rivals. Please check out Workhorse Group market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Workhorse Group is priced fairly, providing market reflects its latest price of 0.23 per share. As Workhorse Group appears to be a penny stock we also urge to confirm its jensen alpha numbers.

Workhorse Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Workhorse, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Workhorse
  
Workhorse's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Workhorse Analyst Consensus

Target PriceAdvice# of Analysts
2.33Hold6Odds
Workhorse Group current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Workhorse analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Workhorse stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Workhorse Group, talking to its executives and customers, or listening to Workhorse conference calls.
Workhorse Analyst Advice Details
Workhorse technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Workhorse technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Workhorse trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Workhorse Group Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Workhorse Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Workhorse Group Trend Analysis

Use this graph to draw trend lines for Workhorse Group. You can use it to identify possible trend reversals for Workhorse as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Workhorse price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Workhorse Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Workhorse Group applied against its price change over selected period. The best fit line has a slop of   0.0013  , which may suggest that Workhorse Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.06, which is the sum of squared deviations for the predicted Workhorse price change compared to its average price change.

About Workhorse Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Workhorse Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Workhorse Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Workhorse Group price pattern first instead of the macroeconomic environment surrounding Workhorse Group. By analyzing Workhorse's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Workhorse's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Workhorse specific price patterns or momentum indicators. Please read more on our technical analysis page.

Workhorse March 29, 2024 Technical Indicators

Most technical analysis of Workhorse help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Workhorse from various momentum indicators to cycle indicators. When you analyze Workhorse charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Workhorse March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Workhorse stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Workhorse Group is a strong investment it is important to analyze Workhorse's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Workhorse's future performance. For an informed investment choice regarding Workhorse Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the Workhorse Group information on this page should be used as a complementary analysis to other Workhorse's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for Workhorse Stock analysis

When running Workhorse's price analysis, check to measure Workhorse's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.
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Is Workhorse's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workhorse. If investors know Workhorse will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workhorse listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
190.435
Earnings Share
(0.60)
Revenue Per Share
0.063
Quarterly Revenue Growth
0.278
Return On Assets
(0.40)
The market value of Workhorse Group is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse's value that differs from its market value or its book value, called intrinsic value, which is Workhorse's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workhorse's market value can be influenced by many factors that don't directly affect Workhorse's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workhorse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workhorse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.