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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 44.54, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
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2 important support areas can be observed.
- A support zone ranging from 44.18 to 44.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | 34.19 | 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) | DOWN | MIXED | The current price of WHD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.08 | NEUTRAL | The RSI value for WHD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests WHD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.28 | NEUTRAL | The Stochastics value for WHD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for WHD suggests some volalility. |
| Average Directional Index/ADX (14) | 28.54 | 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 |
|---|---|---|---|
| 46.19 | 44.17 | 2.02 (4.37%) | 22.87% |
| An entry @46.19. This is a Buy Stop order right above the resistance zone. | An exit @44.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.02 points, which is 4.37%. | For a 1.00% total portfolio risk, you can invest 22.87% of your capital in this trade. |
- 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.
45.65
+1.16 (+2.61%)
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 59.0779. 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 -0.183716, indicating a bearish trend.
What is the support and resistance level for WHD stock?
CACTUS INC - A (WHD) has a support level at 44.54 and a resistance level at 46.18. Check the full technical report for our detailed analysis of WHD support and resistance levels.