CACTUS INC. CLASS A - Daily - Technical analysis published on 12/31/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 33.13 USD
My targets
36.25 USD (+4.80%)
37.65 USD (+8.85%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CACTUS INC. CLASS A as long as the price remains well above 33.13 USD. The buyers” bullish objective is set at 36.25 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 37.65 USD. If there is any crossing, the next objective would be the resistance located at 39.45 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CACTUS INC. CLASS A price is 34.59 USD. The price has increased by +1.02% since the last closing with the lowest point at 34.23 USD and the highest point at 35.03 USD. The deviation from the price is +1.05% for the low point and -1.26% for the high point.34.23
35.03
34.59
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this CACTUS INC. CLASS A chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.68 | 31.23 | 33.13 | 34.59 | 34.87 | 36.25 | 37.65 |
| Change (%) | -22.87% | -9.71% | -4.22% | - | +0.81% | +4.80% | +8.85% |
| Change | -7.91 | -3.36 | -1.46 | - | +0.28 | +1.66 | +3.06 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.83 | 33.41 | 33.82 | 34.40 | 34.82 | 35.39 | 35.81 |
| Camarilla | 33.97 | 34.06 | 34.15 | 34.24 | 34.33 | 34.42 | 34.51 |
| Woodie | 32.75 | 33.37 | 33.74 | 34.36 | 34.74 | 35.35 | 35.73 |
| Fibonacci | 33.41 | 33.78 | 34.02 | 34.40 | 34.78 | 35.01 | 35.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.43 | 33.09 | 33.67 | 34.33 | 34.91 | 35.57 | 36.15 |
| Camarilla | 33.90 | 34.01 | 34.13 | 34.24 | 34.35 | 34.47 | 34.58 |
| Woodie | 32.38 | 33.07 | 33.62 | 34.31 | 34.86 | 35.55 | 36.10 |
| Fibonacci | 33.09 | 33.57 | 33.86 | 34.33 | 34.81 | 35.10 | 35.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.90 | 28.04 | 29.11 | 30.26 | 31.33 | 32.47 | 33.54 |
| Camarilla | 29.57 | 29.77 | 29.98 | 30.18 | 30.38 | 30.59 | 30.79 |
| Woodie | 26.86 | 28.02 | 29.07 | 30.24 | 31.29 | 32.45 | 33.50 |
| Fibonacci | 28.04 | 28.89 | 29.41 | 30.26 | 31.10 | 31.62 | 32.47 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.87 | |
| MACD (12,26,9): | 1.1600 | |
| Directional Movement: | 15.60 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 34.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.82 | |
| Elder Ray (13): | 0.99 | |
| Super Trend (3,10): | 32.42 | |
| Zig ZAG (10): | 34.59 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 88.55 | |
| TEMA (21): | 34.96 | |
| Williams %R (14): | -11.20 | |
| Chande Momentum Oscillator (20): | 2.89 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4800 | |
| Courbe Coppock: | 21.40 |
| MA7: | 34.43 | |
| MA20: | 32.63 | |
| MA50: | 30.84 | |
| MA100: | 29.29 | |
| MAexp7: | 34.25 | |
| MAexp20: | 33.01 | |
| MAexp50: | 31.42 | |
| MAexp100: | 30.67 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +6.01% | |
| Price / MA50: | +12.16% | |
| Price / MA100: | +18.09% | |
| Price / MAexp7: | +0.99% | |
| Price / MAexp20: | +4.79% | |
| Price / MAexp50: | +10.09% | |
| Price / MAexp100: | +12.78% |
News
The latest news and videos published on CACTUS INC. CLASS A at the time of the analysis were as follows:
- Cactus Announces Timing of Third Quarter 2019 Earnings Release and Conference Call
- Cactus Announces Timing of Fourth Quarter and Full Year 2018 Earnings Release and Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
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