WKHS a quarterly gainer,rising +492%.Expect Uptrend continuation
Workhorse Group (WKHS, $22.39) was one of top quarterly gainers, jumping +492.33% to $22.39 per share. Tickeron A.I.dvisor analyzed 31 stocks in the Auto Parts: OEM Industry over the last three months, and discovered that 21 of them (68.18%) charted an Uptrend while 10 of them (31.82%) trended down. Tickeron A.I.dvisor found 400 similar cases when WKHS's price jumped over 15% within three months. In 202 out of those 400 cases, WKHS's price went up during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend continuation for WKHS are 51%.
Current price $23.69 is above $17.39 the highest resistance line found by Tickeron A.I. Throughout the month of 08/10/20 - 09/10/20, the price experienced a +55% Uptrend. During the week of 09/02/20 - 09/10/20, the stock enjoyed a +34% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for WKHS just turned positive on August 31, 2020. Looking at past instances where WKHS's MACD turned positive, the stock continued to rise in 36 of 41 cases over the following month. The odds of a continued upward trend are 88%.
Following a +19.84% 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, Tickeron AI shows that in 240 of 278 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
Current price $23.69 is above $17.39 the highest resistance line found by Tickeron A.I. Throughout the month of 08/10/20 - 09/10/20, the price experienced a +55% Uptrend. During the week of 09/02/20 - 09/10/20, the stock enjoyed a +34% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for WKHS just turned positive on August 31, 2020. Looking at past instances where WKHS's MACD turned positive, the stock continued to rise in 36 of 41 cases over the following month. The odds of a continued upward trend are 88%.
Following a +19.84% 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, Tickeron AI shows that in 240 of 278 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.