DNOW INC (DNOW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DNOW - US67011P1003 - Common Stock
Taking everything into account, DNOW scores 0 out of 10 in our technical rating. DNOW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, DNOW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
12.36
We found 2 important support areas.
- Support @12.83 from a horizontal line in the weekly time frame.
- A support zone ranging from 12.48 to 12.60. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 13.80 to 14.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.05 to 15.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.83 from a horizontal line in the daily time frame.
- Resistance @16.53 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DNOW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DNOW is down. |
| ChartMill Relative Strength | 27.82 | NEGATIVE | DNOW has a low relative strength, it was outperformed by 72.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DNOW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DNOW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DNOW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.89 | NEUTRAL | The RSI value for DNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests DNOW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.97 | OVERSOLD | The low Stochastics value suggests DNOW may be oversold. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for DNOW suggests some volalility. |
| Average Directional Index/ADX (14) | 16.39 | NEGATIVE | The low ADX value for DNOW suggests a weak or negative trend. |
13.36
+0.11 (+0.83%)
DNOW INC / DNOW FAQ
What is the technical rating for DNOW stock?
ChartMill assigns a technical rating of 0 / 10 to DNOW.
What is the trend direction for DNOW stock?
The current trend direction for DNOW INC (DNOW) is Bearish.
What is the RSI signal for DNOW stock?
DNOW INC (DNOW) has an RSI value of 42.8895. This indicates that the stock is currently neutral.
What is the buy/sell signal for DNOW stock?
The buy/sell signal for DNOW INC (DNOW) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for DNOW INC?
DNOW INC (DNOW) has a support level at 12.83 and a resistance level at 13.8. Check the full technical report for our detailed analysis of DNOW support and resistance levels.