The stock price of Workhorse Group fell by -6.91% on the last day (Friday, May 6, 2022). It has now fallen three consecutive days. Over the last 24 hours, the stock has risen 9.32%, from a daily low of $2.79 to a daily high of $3.05. There were ups and downs during this time, and in the last two weeks, it lost -12.11%.
The volume rose by 61,000 shares on the last day, but at falling prices. An early warning may be in order, and the risk will increase slightly over the coming days. There was about 18.32 million dollars worth of shares bought and sold.
The stock’s current short-term trend is expected to rise by 2.52% over the next 3 months, with a 90% chance of closing at a price between $2.90 and $5.52.
The WKHS stock has broken the support level and remains well below the 20-period SMA on the 4-hour chart. However, the volume for the bearish bars is on the decline. It shows the potential of a bullish reversal. However, it is wise to wait for certain confirmation before buying