Cactus, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Cactus, Inc. stock after gaining 0.135%
(Updated on Apr 26, 2024)
The Cactus, Inc. stock price gained 0.135% on the last trading day (Friday, 26th Apr 2024), rising from $51.73 to $51.80. During the last trading day the stock fluctuated 1.36% from a day low at $51.50 to a day high of $52.20. The price has fallen in 6 of the last 10 days but is still up by 1.71% over the past 2 weeks. Volume fell on the last day by -195 thousand shares and in total, 423 thousand shares were bought and sold for approximately $21.93 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.74% during the next 3 months and, with a 90% probability hold a price between $62.61 and $66.22 at the end of this 3-month period.
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WHD Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $51.34 and $49.87. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.700 (1.36%) between high and low. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: $49.75 (-3.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (WHD) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Cactus, Inc. to open at $51.83, and during the day (based on 14 day Average True Range), to move between $50.42 and $53.18, which gives a possible trading interval of +/-$1.38 (+/-2.66%) up or down from last closing price. If Cactus, Inc. takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.23 (0.83%) than the support at $46.02 (11.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Cactus, Inc. will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.670. We will update the financials statements for Cactus, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.19% in the first trading day after earnings release.
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: 1.560 Buy Candidate Unchanged
Predicted Opening Price for Cactus, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $51.83 ( 0.0644%) | $51.80 |
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 | 52.53 | 1.42 % | |
| R2 | 52.27 | 0.90 % | ||
| R1 | 52.10 | 0.581 % | ||
| Current price: | 51.80 | |||
| Support | S1 | 51.57 | -0.452 % | |
| S2 | 51.40 | -0.771 % | ||
| S3 | 51.13 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.58 | 1.51 % | |
| R2 | 52.32 | 1.00 % | ||
| R1 | 52.23 | 0.83 % | ||
| Current price | 51.80 | |||
| Support | S1 | 46.02 | -11.16% | |
| S2 | 45.90 | -11.39% | ||
| S3 | 43.99 | -15.08% |
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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