CACTUS INC - A (WHD) Stock Technical Analysis
NYSE:WHD • US1272031071
Taking everything into account, WHD scores 8 out of 10 in our technical rating. Although WHD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- WHD is one of the lesser performing stocks in the Energy Equipment & Services industry. 64% of 60 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- WHD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WHD is lagging the market slightly.
- WHD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Looking at the yearly performance, WHD did better than 74% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
WHD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 57.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.92, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
51.80
2 important support areas can be observed.
- A support zone ranging from 56.13 to 56.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.32 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 57.32 to 58.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 74.85 | POSITIVE | WHD has a high relative strength, it outperformed 74.85% 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) | UP | POSITIVE | The current price of WHD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.21 | NEUTRAL | The RSI value for WHD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests WHD has a negative trend. |
| Stochastics (14,3) | 66.21 | NEUTRAL | The Stochastics value for WHD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for WHD suggests some volalility. |
| Average Directional Index/ADX (14) | 42.48 | POSITIVE | The high ADX value value for WHD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 58.50 | 56.12 | 2.38 (4.07%) | 24.58% |
| An entry @58.50. This is a Buy Stop order right above the resistance zone. | An exit @56.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.38 points, which is 4.07%. | When investing 24.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of WHD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
56.93
-0.12 (-0.21%)
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 60.2096. This indicates that the stock is currently neutral.
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 56.92 and a resistance level at 57.32. Check the full technical report for our detailed analysis of WHD support and resistance levels.