RSI low/high Values: [ 25 - 75 ]
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AI Analysis of WHD
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Cactus, Inc. stock price up 0.383% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 29, 2024 Gain 8.50% PDF

The Cactus, Inc. stock price gained 0.383% on the last trading day (Wednesday, 27th Mar 2024), rising from $49.61 to $49.80. During the last trading day the stock fluctuated 1.34% from a day low at $49.42 to a day high of $50.08. The price has risen in 7 of the last 10 days and is up by 4.51% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 143 thousand more shares were traded than the day before. In total, 529 thousand shares were bought and sold for approximately $26.33 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $50.07 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.05% during the next 3 months and, with a 90% probability hold a price between $53.81 and $60.11 at the end of this 3-month period.

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WHD Signals & Forecast

The Cactus, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $49.09 and $46.27. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, February 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, February 06, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Cactus, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $46.02 and $45.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cactus, Inc. finds support just below today's level at $46.02. If this is broken, then the next support from accumulated volume will be at $45.90 and $43.99.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.660 between high and low, or 1.34%. For the last week, the stock has had daily average volatility of 1.89%.

Our recommended stop-loss: $48.06 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (WHD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Cactus, Inc. to open at $49.77, and during the day (based on 14 day Average True Range), to move between $48.56 and $51.04, which gives a possible trading interval of +/-$1.24 (+/-2.49%) up or down from last closing price. If Cactus, Inc. takes out the full calculated possible swing range there will be an estimated 4.97% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $46.02, some $3.78 (7.59%) from the current price of $49.80, our system finds the risk reward attractive.

Is Cactus, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cactus, Inc. stock to perform well in the short-term.

Current score: 4.130 Buy Candidate Unchanged

Predicted Opening Price for Cactus, Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$49.77 ( 0.0669%) $49.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WHD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 50.43 1.26 %
R2 50.17 0.752 %
R1 50.02 0.439 %
Current price: 49.80
Support S1 49.51 -0.573 %
S2 49.36 -0.89 %
S3 49.11 -1.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 49.80
Support S1 46.02 -7.59%
S2 45.90 -7.83%
S3 43.99 -11.67%

WHD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 23, 2024 Feb 23, 2024 Mar 14, 2024 $0.120 0.248%
2 Nov 08, 2023 Nov 24, 2023 Dec 14, 2023 $0.120 0.274%
3 Aug 07, 2023 Aug 25, 2023 Sep 14, 2023 $0.120 0.231%
4 May 09, 2023 May 26, 2023 Jun 15, 2023 $0.110 0.271%
5 Jan 17, 2023 Feb 24, 2023 Mar 16, 2023 $0.110 0.286%

FAQ

What is the symbol for Cactus, Inc. Stock and on which exchange is it traded?
The symbol for Cactus, Inc. is WHD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Cactus, Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cactus, Inc. stock to perform well in the short-term.

How to buy Cactus, Inc. Stock?
Cactus, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cactus, Inc. Stock.

What's the current price of Cactus, Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Cactus, Inc. (WHD) share was $49.80.

What is the 52-week high and low for Cactus, Inc. Stock?
The 52-week high for Cactus, Inc. Stock is $57.00 and the 52-week low is $31.37.

What is the market capitalization of Cactus, Inc. Stock?
As of the 2024-03-27, the market capitalization of Cactus, Inc. is 3.253B.

When is the next earnings date for Cactus, Inc.?
The upcoming earnings date for Cactus, Inc. is May 14, 2024.
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About Cactus, Inc.

Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assis... WHD Profile

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