WHD Price Prediction Next Week
Technical Analysis:
Based on the latest market data, WHD closed at $58.38 on February 21, 2025, with a significant decline of -2.19% during regular trading hours. The stock has shown bearish momentum in recent sessions.
Key Technical Indicators:
- RSI (14) at 39.79 indicates the stock is approaching oversold territory
- MACD shows bearish momentum with -0.47
- Stock is trading below its 20-day SMA ($60.46) and 60-day SMA ($61.73)
- Bollinger Bands show price near lower band, suggesting potential oversold conditions
News Impact: Recent significant news includes Viking Fund Management's complete exit from WHD position in Q3 2023, which could be contributing to selling pressure. Additionally, while Stifel Nicolaus maintains a Buy rating with a $68 price target, the overall analyst consensus suggests a Hold rating with a lower average price target of $58.75.
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
- Support levels: $57.64 (Fibonacci S2), $58.45 (Fibonacci S1)
- Resistance levels: $61.07 (Fibonacci R1), $61.88 (Fibonacci R2)
Trading Recommendation: SELL with the following rationale:
- Bearish momentum indicated by MACD
- Trading below key moving averages
- Institutional selling pressure
- Price target: $57.64 (Fibonacci S2)
- Stop loss: $61.07 (Fibonacci R1)
The stock shows signs of continued weakness in the short term, suggesting further downside potential. The combination of technical indicators and recent institutional selling creates a bearish outlook for the coming week.
WHD Similar Chart Price Prediction
The price of WHD is predicted to go up -2.4%, based on the high correlation periods with EBMT. The similarity of these two price pattern on the periods is 93.31%.
WHD
EBMT
Down: -2.4%Similarity: 93.31%
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WHD Analyst's Forecast
David Anderson
Barclays
Buy → Hold
2024-11-04
Price Target
$61
Downside
-0.59%
Barclays analyst J. David Anderson downgraded Cactus to Equal Weight from Overweight with an unchanged price target of $61. Quarter after quarter, Cactus has proven it has a differentiated business that will outpace the market under any conditions, the analyst tells investors in a research note. However, the firm says "it doesn't get any easier from here." It believes the company's "premium story" is now fully priced into the shares.
Chase Mulvehill
B of A Securities
Sell
2024-10-14
Price Target
$44 → $48
Downside
-23.72%
Stephen Gengaro
Stifel
Strong Buy
2024-10-11
Price Target
$69 → $67
Upside
+6.4%
