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Workhorse Group's 15min chart sees Bollinger Bands Narrowing, KDJ Death Cross.
ByAinvest
Thursday, Jul 24, 2025 1:32 pm ET1min read
According to the 15-minute chart of Workhorse Group, there has been a narrowing of Bollinger Bands and a KDJ Death Cross at 07/24/2025 13:30. This suggests a decline in the magnitude of stock price fluctuations and a shift in momentum towards the downside, potentially leading to further decreases in the stock's value.
Shares of Workhorse Group Inc. (WKHS) experienced a 3.27% decline on Monday, closing at $2.07. This performance was notably underwhelming when compared to the broader market indices and its competitors. The NASDAQ Composite Index (COMP) rose 0.38% to 20,974.17, while the Dow Jones Industrial Average (DJIA) fell 0.04% to 44,323.07. Tesla Inc. (TSLA) and General Motors Co. (GM) also saw slight declines, with TSLA falling 0.35% to $328.49 and GM dropping 0.02% to $53.21. The trading volume for WKHS was 2.5 million shares, which was 1.2 million below its 50-day average volume of 3.7 million shares.Analysts have noted a significant narrowing of Bollinger Bands and a KDJ Death Cross on Workhorse Group's 15-minute chart as of July 24, 2025, at 13:30. This technical indicator suggests a decline in the magnitude of stock price fluctuations and a shift in momentum towards the downside, potentially leading to further decreases in the stock's value [1].
Workhorse Group Inc. closed 91.46% below its 52-week high of $24.25, which it reached on November 12, 2022. The stock's underperformance relative to its competitors and the broader market indices highlights the need for investors to closely monitor the company's financial health and strategic direction.
References:
[1] https://www.marketwatch.com/data-news/workhorse-group-inc-stock-underperforms-monday-when-compared-to-competitors-dcbf9d15-6133bade0b08
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