1-hour, 4-hour and 1-day candlestick charts are among the most popular. Traders can view candlesticks that represent the price action of Workhorse Group stock with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. When making a Workhorse Group stock forecast, most traders use candlestick charts, as they provide more information than a simple line chart. How to read Workhorse Group stock charts and forecast price movements? Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the Workhorse Group stock price. Conversely, a drop below an important moving average is usually interpreted as a negative forecast for the WKHS market. If the Workhorse Group stock price moves above any of these averages, it is generally seen as a bullish sign for Workhorse Group stock. The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.ĥ0-day, 100-day and 200-day moving averages are among the most commonly used indicators in the stock market to identify important resistance and support levels. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). For example, a 12-day simple moving average for WKHS is a sum of WKHS’s closing prices over the last 12 days which is then divided by 12. As the name suggests, a moving average provides the average closing price for WKHS stock over a selected time frame, which is divided into a number of periods of the same length. Moving averages are among the most popular Workhorse Group stock prediction tools. Workhorse Group Stock Forecast Indicators When trying to make a Workhorse Group stock forecast, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. Workhorse Group stock traders use a variety of tools to make a prediction on which way the WKHS market is likely to head next. In comparison with Bitcoin, Workhorse Group stock performed -59.38% worse in the last year and -58.37% worse than Ethereum. The 1-year performance of WKHS/USD is -64.37%. In the last month, the WKHS/USD pair is down -13.40%. To get a better idea of what could happen to the WKHS stock price in the future, it’s helpful to also explore Workhorse Group’s price history. Workhorse Group Stock Forecast Based on Technical Analysis If this Workhorse Group stock prediction for 2030 materializes, WKHS stock willgrow 263,003,684.04% from its current price. In 2030, the Workhorse Group stock will reach $ 2.38M if it maintains its current 10-year average growth rate. This would represent a 6,727.71% increase in the WKHS stock price. The Workhorse Group stock prediction for 2025 is currently $ 61.79, assuming that Workhorse Group shares will continue growing at the average yearly rate as they did in the last 10 years. Using the same basis, here is the Workhorse Group stock prediction for each year up until 2030. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.īased on the average yearly growth of the Workhorse Group stock in the last 10 years, the Workhorse Group stock forecast for the beginning of next year is $ 7.48. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our Workhorse Group stock forecast, it's now a bad time to buy WKHS stock because it's trading 1.39% above our forecast.ĭisclaimer: This is not investment advice. WKHS stock recorded 7/30 (23%) green days with 9.96% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear). According to our current WKHS stock forecast, the value of Workhorse Group shares will drop by -1.37% and reach $ 0.892568 per share by May 18, 2023.
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