CACTUS INC - A (WHD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WHD - US1272031071 - Common Stock
We assign a technical rating of 8 out of 10 to WHD. 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 part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, of which 61% are performing better than WHD.
- 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.
- In the last month WHD has a been trading in the 45.23 - 57.12 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, WHD turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- Volume is considerably higher in the last couple of days.
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.
More info and screens
48.75
When analyzing the support we notice one important area.
- Support @49.24 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @54.74 from a horizontal line in the weekly 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 | 62.34 | 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) | 67.44 | NEUTRAL | The RSI value for WHD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests WHD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.96 | NEUTRAL | The Stochastics value for WHD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for WHD suggests some volalility. |
| Average Directional Index/ADX (14) | 50.79 | POSITIVE | The high ADX value value for WHD suggests a strong trend. |
54.73
+1.26 (+2.36%)
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 67.4408. 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 49.24 and a resistance level at 54.74. Check the full technical report for our detailed analysis of WHD support and resistance levels.