Cactus, Inc. | WHD

Daily Technical Analysis of Cactus, Inc.

Cactus is up a bit on the day, funds flowing in kept the price up 2.24% since yesterday.

Currently WHD isn't at a clear support/resistance line that seems tradable. Momentum wise Cactus, has been oscillating up and down but hasn't shown much directional energy that would be predictive to the near future. WHD may hit some resistance around the 47.79 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Last analyzed on 2024-03-17

Analyst Ratings for Cactus By Price Target And Rating

Overall, the analysts have a more negative view on Cactus but it's not a very strong negative. The current Analysts Sentiment Score is -26.85. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-01-16 there was a downgrade announced by Benchmark from Buy to Hold. On 2024-01-03 Stifel Nicolaus lowered their price target by -11.76% to $60.00. On 2023-11-14 Barclays lowered their price target by -5% to $57.00. Piper Sandler announced a lowering of their price target to $55.00 from $59.00 on 2023-11-13. Bank of America released a downgrade on 2023-10-16 from Neutral to Underperform but moved up their price target to $47.00 which is a 2.17% increase. JPMorgan Chase & Co. announced that they are initiating coverage with a rating of Neutral on 2023-09-13 and they set their price target at $60.00.On 2023-07-18 Citigroup increased their price target by 30% to $52.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
WHD	-26.85	0	-48.06	5.66	-11.29

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-30)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
WHD	0.00	0.00

Short interest for Cactus

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
WHD	3.31	%2.64665	3.9	1.782	1710000

How Cactus compares to the broader Energy sector and the more specific Oil & Gas - Services industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Oil & Gas - Services Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	24	0.20	-4.33	-3.89	6.88	-5.43	243.43	67.88	30.23	16.92	16.68	-4778.99	-17756.40	44.79	0.00	3.75	14.78
Energy Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	109	-0.21	-3.31	-1.91	8.17	-0.69	63.55	64.43	18.93	11.32	11.67	-6096.75	-14665.92	39.22	2.29	3.95	25.08

Social Sentiment for Cactus

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
WHD

Companies with the highest correlation to Cactus

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
SLB \| Schlumberger Limited	1.47	-2.04	-3.43	-7.58	-4.90	-16.79	-3.98	88	-3.43	-4.16	-6.91	-4871.55	-22299.27	150	2.15634
HAL \| Halliburton Company	1.36	0.98	-0.18	1.67	5.49	-9.78	15.23	86	0.75	1.17	-2.29	199.58	-3651.60	150	1.77112
OII \| Oceaneering International	1.3	1.19	-3.82	-0.46	6.09	-12.07	28.32	72	-0.13	1.21	1.02	-2161.33	-21154.25	0	2.4742
NBR \| Nabors Industries Ltd.	1.24	0.80	-0.74	-10.34	-8.90	-37.16	-32.25	73	-7.18	-15.11	-19.52	300.33	-2929.82	150	5.60454
CHX \| ChampionX Corporation	1.24	-2.14	-3.88	3.21	26.44	3.63	31.21	76	2.53	3.06	-0.68	-1420.01	-5465.29	0	4.6492
RIG \| Transocean LTD.	1.21	0.61	-7.70	-6.46	-3.56	-24.44	-10.22	93	-27.10	-26.40	-24.10	176.78	-2247.80	150	10.9425
OIS \| OIL STATES INTERNATIONAL,	1.19	1.38	-5.74	-8.86	-14.39	-28.97	-31.10	65	-54.31	-54.19	-32.45	-14813.79	-1797.58	0	2.32678
LBRT \| Liberty Energy Inc.	1.14	0.05	0.05	7.85	12.98	5.64	65.62	26	36.69	57.07	50.35	-2059.10	-23309.81	0	6.72961

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