CACTUS INC - A (WHD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WHD - US1272031071 - Common Stock
We assign a technical rating of 6 out of 10 to WHD. WHD has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
WHD has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
39.37
We found 2 important support areas.
- A support zone ranging from 42.41 to 43.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.77 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @46.18 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 47.30 to 47.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | 28.34 | NEGATIVE | WHD has a low relative strength, it was outperformed by 71.66% off all stocks 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) | DOWN | MIXED | The current price of WHD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.16 | NEUTRAL | The RSI value for WHD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests WHD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.63 | OVERBOUGHT | The high Stochastics value suggests WHD may be overbought. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for WHD suggests some volalility. |
| Average Directional Index/ADX (14) | 33.67 | POSITIVE | The high ADX value value for WHD suggests a strong trend. |
46.17
-0.79 (-1.68%)
CACTUS INC - A / WHD FAQ
What is the ChartMill technical rating of CACTUS INC - A (WHD) stock?
ChartMill assigns a technical rating of 6 / 10 to WHD.
Can you provide the trend direction for CACTUS INC - A?
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 65.1648. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CACTUS INC - A?
The MACD indicator for CACTUS INC - A (WHD) has a value of 0.255101, indicating a bearish trend.
What is the support and resistance level for WHD stock?
CACTUS INC - A (WHD) has a support level at 43.45 and a resistance level at 46.18. Check the full technical report for our detailed analysis of WHD support and resistance levels.