Technical Analysis for WKSP - Worksport, Ltd.

Grade Last Price % Change Price Change
D 0.65 29.03% 0.15
WKSP closed down 4.07 percent on Wednesday, November 20, 2024, on 2.38 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 29.03%
Calm After Storm Range Contraction 29.03%
Lower Bollinger Band Walk Weakness 29.03%
Wide Bands Range Expansion 29.03%
Below Lower BB Weakness 29.03%
Down 3 Days in a Row Weakness 29.03%
Down 4 Days in a Row Weakness 29.03%
Down 5 Days in a Row Weakness 29.03%
Lower Bollinger Band Touch Weakness 29.03%
Oversold Stochastic Weakness 29.03%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot 24 minutes ago
60 Minute Opening Range Breakout about 1 hour ago
Rose Above 50 DMA about 1 hour ago
Up 1 ATR about 1 hour ago
2x Volume Pace about 2 hours ago

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Profile

Worksport, Ltd. Description

Worksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company offers soft cover (SC) and tough cover (TC) tonneau covers, including SC3, a tri-fold cover that seals around the truck bed with a rubber gasket designed to protect cargo from moisture and debris; SC3pro that allows the operator to open the cover by pulling a release cable; and TC3, a thick aluminum tri-cover panel with a honey-comb core coated in a durable black scratch-resistant powder coating. It distributes its products through wholesalers and online retail channels. The company serves private labels and original equipment manufacturers. It is also developing TerraVis, a solar cover tonneau cover that gives rechargeable portable power to pickup truck owners. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport Ltd. is based in Vaughan, Canada.


Classification

Sector: Consumer Cyclical
Industry: Auto Parts

Is WKSP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 1.84
52 Week Low 0.3609
Average Volume 640,637
200-Day Moving Average 0.70
50-Day Moving Average 0.59
20-Day Moving Average 0.72
10-Day Moving Average 0.70
Average True Range 0.09
RSI (14) 35.90
ADX 31.21
+DI 20.20
-DI 29.00
Chandelier Exit (Long, 3 ATRs) 0.66
Chandelier Exit (Short, 3 ATRs) 0.75
Upper Bollinger Bands 0.90
Lower Bollinger Band 0.54
Percent B (%b) -0.11
BandWidth 50.04
MACD Line -0.01
MACD Signal Line 0.03
MACD Histogram -0.0359
Fundamentals Value
Market Cap 10.16 Million
Num Shares 20.3 Million
EPS -0.85
Price-to-Earnings (P/E) Ratio -0.59
Price-to-Sales 40.26
Price-to-Book 1.78
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.65
Resistance 3 (R3) 0.66 0.61 0.63
Resistance 2 (R2) 0.61 0.58 0.61 0.62
Resistance 1 (R1) 0.56 0.55 0.53 0.55 0.61
Pivot Point 0.51 0.51 0.50 0.51 0.51
Support 1 (S1) 0.46 0.48 0.43 0.45 0.39
Support 2 (S2) 0.41 0.45 0.41 0.38
Support 3 (S3) 0.36 0.41 0.37
Support 4 (S4) 0.35