WORKSPORT LTD (WKSP)

US98139Q2093 - Common Stock

0.58  +0.08 (+16.02%)

After market: 0.63 +0.05 (+8.62%)

Technical Rating and Analysis

2

We assign a technical rating of 2 out of 10 to WKSP. WKSP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, WKSP is a bad performer in the overall market: 93% of all stocks are doing better.
WKSP is part of the Automobile Components industry. There are 82 other stocks in this industry, of which 92% are performing better than WKSP.
WKSP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WKSP has a been trading in the 0.47 - 0.94 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Weekly and Daily overview Charts
WKSP Weekly chart
WKSP Daily chart
Setup Rating and Analysis

2

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.

Support and Resistance Analysis

0.42

0.91

2 important support areas can be observed.

  • Support @0.43 from a trend line in the weekly time frame.
  • Support @0.42 from a trend line in the daily time frame.

2 important resistance areas can be observed.

  • A resistance zone ranging from 0.85 to 0.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @0.90 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7
Mansfield-4.04
10 Day High0.94
10 Day Low0.47
20 Day High0.94
20 Day Low0.47
52 Week High1.84
52 Week Low0.36
Performance
1 Week-20.84%
2 Weeks-20.98%
1 Month-25.04%
3 Month-11.07%
6 Month6.42%
12 Month-67.05%
2 Year-63.06%
3 Year-85.54%
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)-0.03
RSI(14)43.33
LBB0.48
UBB0.9
WKSP Daily chart

WORKSPORT LTD

NASDAQ:WKSP (11/21/2024, 8:01:44 PM)

After market: 0.63 +0.05 (+8.62%)

0.58

+0.08 (+16.02%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg16.02%
1 Week-20.84%
2 Weeks-20.98%
1 Month-25.04%
3 Month-11.07%
6 Month6.42%
12 Month-67.05%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.1
ATR(20)%15.93%
ATR Inc
Range Today0.12
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High0.94
10 Day Low0.47
20 Day High0.94
20 Day Low0.47
52 Week High1.84
52 Week Low0.36
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.26M
Volume Incr103.77%
Vol(5)1.86M
Vol(50)748.23K