DNOW INC (DNOW) Technical Analysis
NYSE:DNOW • US67011P1003
Current stock price
DNOW Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to DNOW. Recently some decent action could be observed, but in the medium term time frame this is still negative. DNOW was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, DNOW is a bad performer in the overall market: 85% of all stocks are doing better.
- DNOW is one of the lesser performing stocks in the Trading Companies & Distributors industry. 75% of 46 stocks in the same industry do better.
- In the last month DNOW has a been trading in the 11.51 - 13.18 range, which is quite wide. It is currently trading near the high of this range.
- DNOW has an average volume of 3655510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
DNOW Weekly and Daily overview Charts
DNOW Setup Rating and Analysis
The technical rating of DNOW is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
DNOW Support and Resistance Analysis
11.27
We found 4 important support areas.
- A support zone ranging from 12.19 to 12.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.88 from a horizontal line in the daily time frame.
- Support @11.66 from a horizontal line in the weekly time frame.
- Support @11.38 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.11 to 13.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
DNOW Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for DNOW is up. |
| ChartMill Relative Strength | 15.91 | NEGATIVE | DNOW has a low relative strength, it was outperformed by 84.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DNOW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DNOW is above 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) | 66.45 | NEUTRAL | The RSI value for DNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests DNOW has a positive trend. |
| Stochastics (14,3) | 91.69 | OVERBOUGHT | The high Stochastics value suggests DNOW may be overbought. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for DNOW suggests some volalility. |
| Average Directional Index/ADX (14) | 19.12 | NEGATIVE | The low ADX value for DNOW suggests a weak or negative trend. |
DNOW Chart- and CandleStick Pattern Analysis
DNOW Technicals: Chart, Performance Metrics, Trend & Indicators
13.1
+0.16 (+1.24%)
DNOW INC / DNOW TA FAQ
What is the technical rating for DNOW stock?
ChartMill assigns a technical rating of 2 / 10 to DNOW.
Can you provide the trend direction for DNOW INC?
The current trend direction for DNOW INC (DNOW) is Bearish.
What is the RSI signal for DNOW INC (DNOW) stock?
DNOW INC (DNOW) has an RSI value of 66.4514. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DNOW INC?
The MACD indicator for DNOW INC (DNOW) has a value of 0.138377, indicating a bearish trend.
What is the buy/sell signal for DNOW stock?
The buy/sell signal for DNOW INC (DNOW) is hold as the short term and long term trends are mixed.