DNOW INC (DNOW) Stock Technical Analysis
NYSE:DNOW - New York Stock Exchange, Inc. - US67011P1003 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to DNOW. DNOW has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
In the last month DNOW has a been trading in the 13.72 - 16.24 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DNOW has an average volume of 1297800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, DNOW turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
DNOW is an average performer in the Trading Companies & Distributors industry, it outperforms 42% of 50 stocks in the same industry.
DNOW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DNOW is lagging the market.
DNOW has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.05, a Stop Loss order could be placed below this zone.
More info and screens
13.50
16.18
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.91 to 14.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 13.64 to 13.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 14.82 to 15.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.59 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.84 to 16.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for DNOW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DNOW is neutral. |
| ChartMill Relative Strength | 59.9 | NEUTRAL | DNOW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DNOW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DNOW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DNOW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.28 | NEUTRAL | The RSI value for DNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests DNOW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.68 | NEUTRAL | The Stochastics value for DNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for DNOW suggests some volalility. |
| Average Directional Index/ADX (14) | 17.1 | NEGATIVE | The low ADX value for DNOW suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
14.82
+0.45 (+3.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg3.13%
1 Week-2.76%
2 Weeks-7.43%
1 Month2.92%
3 Month-2.95%
6 Month-13.74%
12 Month16.88%
2 Year32.68%
3 Year22.28%
5 Year103.85%
10 Year-13.13%
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%4.29%
ATR Inc-8.16%
Range Today0.49
ADR(20)0.61
ADR(20)%4.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.9
Mansfield-0.63
10 Day High16.24
10 Day Low13.72
20 Day High16.24
20 Day Low13.72
52 Week High18.45
52 Week Low11.42
CS1 End14.05
CR1 Start14.82
Volume & EV
DER(3)-3.01%
DER(5)-3.48%
Volume973.42K
Volume Incr19.47%
Vol(5)1.72M
Vol(50)1.30M