Work Medical Technology Group Ltd [NASDAQ: WOK] loss -46.18% or -1.15 points to close at $1.34 with a heavy trading volume of 115255386 shares.
If we look at the average trading volume of 175.25K shares, WOK reached to a volume of 115255386 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Trading performance analysis for WOK stock
Work Medical Technology Group Ltd [WOK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -44.63.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WOK stock in for the last two-week period is set at 28.59, with the RSI for the last a single of trading hit 26.49, and the three-weeks RSI is set at 31.14 for Work Medical Technology Group Ltd [WOK]. The present Moving Average for the last 50 days of trading for this stock 3.91, while it was recorded at 2.10 for the last single week of trading.
