Workhorse Group Inc. Common Stock WKHS Investment Analysis

Source: Stock Traders Daily

Longer Term Trading Plans for WKHS
  • Buy WKHS over 4.86 target 10.25 stop loss @ 4.85 Details
  • The technical summary data tells us to buy WKHS near 4.86 with an upside target of 10.25. This data also tells us to set a stop loss @ 4.85 to protect against excessive loss in case the stock begins to move against the trade. 4.86 is the first level of support below 8.35 , and by rule, any test of support is a buy signal. In this case, support 4.86 would be being tested, so a buy signal would exist.

  • Short WKHS under 10.25, target 4.86, stop loss @ 10.28 Details
  • The technical summary data is suggesting a short of WKHS as it gets near 10.25 with a downside target of 4.86. We should have a stop loss in place at 10.28though. 10.25 is the first level of resistance above 8.35, and by rule, any test of resistance is a short signal. In this case, if resistance 10.25 is being tested, so a short signal would exist.

Swing Trading Plans for WKHS
  • Buy WKHS over 8.38, target 9.01, Stop Loss @ 8.36 Details
  • If 8.38 begins to break higher, the technical summary data tells us to buy WKHS just over 8.38, with an upside target of 9.01. The data also tells us to set a stop loss @ 8.36 in case the stock turns against the trade. 8.38 is the first level of resistance above 8.35, and by rule, any break above resistance is a buy signal. In this case, 8.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short WKHS near 8.38, target 4.86, Stop Loss @ 8.4. Details
  • The technical summary data is suggesting a short of WKHS if it tests 8.38 with a downside target of 4.86. We should have a stop loss in place at 8.4 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 8.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WKHS
  • Buy WKHS over 8.44, target 8.77, Stop Loss @ 8.42 Details
  • If 8.44 begins to break higher, the technical summary data tells us to buy WKHS just over 8.44, with an upside target of 8.77. The data also tells us to set a stop loss @ 8.42 in case the stock turns against the trade. 8.44 is the first level of resistance above 8.35, and by rule, any break above resistance is a buy signal. In this case, 8.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short WKHS near 8.44, target 4.86, Stop Loss @ 8.46. Details
  • The technical summary data is suggesting a short of WKHS if it tests 8.44 with a downside target of 4.86. We should have a stop loss in place at 8.46 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 8.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

WKHS Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Weak
P1 0 0 4.86
P2 8.44 8.38 10.25
P3 8.77 9.01 17.26

WKHS Long Term Analysis for September 15 2021


WKHS Swing Trading Analysis for September 15 2021


WKHS Day Trading Analysis for September 15 2021

With an objective approach to Workhorse Group Inc. Common Stock (NASDAQ: WKHS), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for WKHS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if WKHS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for WKHS too.  All of these are offered below the Summary Table.

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