CACTUS INC - A (WHD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WHD - US1272031071 - Common Stock
Taking everything into account, WHD scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WHD is only an average performer.
Although WHD has an excellent technical rating, it does not present a decent entry opportunity 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.
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43.38
2 important support areas can be observed.
- A support zone ranging from 47.16 to 47.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @43.82 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.81 to 51.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for WHD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WHD is up. |
| ChartMill Relative Strength | 67.93 | NEUTRAL | WHD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WHD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WHD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WHD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.02 | OVERBOUGHT | The high RSI value suggests WHD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests WHD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.93 | OVERBOUGHT | The high Stochastics value suggests WHD may be overbought. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for WHD suggests some volalility. |
| Average Directional Index/ADX (14) | 38.06 | POSITIVE | The high ADX value value for WHD suggests a strong trend. |
51.28
-0.52 (-1%)
CACTUS INC - A / WHD FAQ
What is the ChartMill technical rating of CACTUS INC - A (WHD) stock?
ChartMill assigns a technical rating of 8 / 10 to WHD.
What is the current trend direction of CACTUS INC - A (WHD) stock?
The current trend direction for CACTUS INC - A (WHD) is Bullish.
What is the RSI signal for WHD stock?
CACTUS INC - A (WHD) has an RSI value of 73.0208. This indicates that the stock is currently overbought.
What is the short term momentum for WHD stock?
The short term momentum for CACTUS INC - A (WHD) is positive.
What are the support and resistance levels for CACTUS INC - A (WHD) stock?
CACTUS INC - A (WHD) has a support level at 47.26 and a resistance level at 51.81. Check the full technical report for our detailed analysis of WHD support and resistance levels.