WORKSPORT LTD (WKSP) Stock Technical Analysis
NASDAQ:WKSP - Nasdaq - US98139Q2093 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to WKSP. WKSP performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
72% of all other stocks performed better in the past year than WKSP.
WKSP is part of the Automobile Components industry. There are 83 other stocks in this industry, of which 63% are performing better than WKSP.
In the last month WKSP has a been trading in the 0.78 - 1.10 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
WKSP has an average volume of 1669930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
WKSP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WKSP is lagging the market.
Considerably lower volume is observed in the last couple of days.
The technical rating of WKSP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.45
1.07
We found 2 important support areas.
- Support @0.66 from a trend line in the daily time frame.
- Support @0.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.83 to 0.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.93 from a trend line in the weekly time frame.
- Resistance @1.00 from a trend line in the daily time frame.
- Resistance @1.06 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.08
Mansfield0.44
10 Day High0.93
10 Day Low0.78
20 Day High1.1
20 Day Low0.78
52 Week High1.26
52 Week Low0.36
Performance
1 Week-6.58%
2 Weeks-11.58%
1 Month-15.65%
3 Month24.27%
6 Month21.76%
12 Month-35.96%
2 Year-50.06%
3 Year-67.45%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)38.39
LBB0.78
UBB0.96
0.7941
-0.03 (-3.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-3.16%
1 Week-6.58%
2 Weeks-11.58%
1 Month-15.65%
3 Month24.27%
6 Month21.76%
12 Month-35.96%
2 Year-50.06%
3 Year-67.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%9.54%
ATR Inc-9.07%
Range Today0.06
ADR(20)0.07
ADR(20)%9.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.08
Mansfield0.44
10 Day High0.93
10 Day Low0.78
20 Day High1.1
20 Day Low0.78
52 Week High1.26
52 Week Low0.36
CS1 End0.66
CR1 Start0.83
Volume & EV
DER(3)-6.57%
DER(5)-2.52%
Volume763.10K
Volume Incr-43.04%
Vol(5)641.84K
Vol(50)1.67M