Cactus, Inc. Stock Forecast
Cactus, Inc. stock price up 0.383% on Wednesday
(Updated on Mar 27, 2024)
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.
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
# | 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
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