CACTUS INC - A (WHD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WHD - US1272031071 - Common Stock
Overall WHD gets a technical rating of 8 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month WHD has a been trading in the 44.22 - 53.52 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that WHD is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- WHD is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry, WHD did better than 52% of them.
- WHD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WHD is lagging the market.
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
45.05
We found 2 important support areas.
- A support zone ranging from 48.14 to 48.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 45.51 to 46.17. 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 | 74.74 | POSITIVE | WHD has a high relative strength, it outperformed 74.74% 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) | 76.74 | OVERBOUGHT | The high RSI value suggests WHD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests WHD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.98 | OVERBOUGHT | The high Stochastics value suggests WHD may be overbought. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for WHD suggests some volalility. |
| Average Directional Index/ADX (14) | 45.26 | POSITIVE | The high ADX value value for WHD suggests a strong trend. |
53.26
+0.7 (+1.33%)
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 76.7437. 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 48.66. Check the full technical report for our detailed analysis of WHD support and resistance levels.