DNOW INC (DNOW) Stock Technical Analysis
NYSE:DNOW - New York Stock Exchange, Inc. - US67011P1003 - Common Stock - Currency: USD
Overall DNOW gets a technical rating of 2 out of 10. 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.
When comparing the yearly performance of all stocks, DNOW is a bad performer in the overall market: 66% of all stocks are doing better.
DNOW is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry, of which 61% are performing better than DNOW.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
In the last month DNOW has a been trading in the 14.26 - 15.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, DNOW does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 14.89, a Stop Loss order could be placed below this zone.
More info and screens
13.21
17.48
4 important support areas can be observed.
- A support zone ranging from 14.72 to 14.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.41 to 14.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.05 from a horizontal line in the daily time frame.
- Support @13.34 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 15.12 to 15.22. 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.
- Resistance @17.31 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 | 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 | 34.3 | NEUTRAL | DNOW is not amongst the best or worst performers 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 | NEGATIVE | The current price of DNOW is below a declining 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) | 50.46 | NEUTRAL | The RSI value for DNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DNOW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.27 | NEUTRAL | The Stochastics value for DNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for DNOW suggests some volalility. |
| Average Directional Index/ADX (14) | 11.08 | 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)
15.06
+0.46 (+3.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg3.15%
1 Week0.4%
2 Weeks-0.26%
1 Month3.15%
3 Month-11.67%
6 Month16.65%
12 Month9.69%
2 Year45.37%
3 Year53.99%
5 Year74.51%
10 Year-24.36%
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%2.49%
ATR Inc68.82%
Range Today0.39
ADR(20)0.35
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.3
Mansfield-0.08
10 Day High15.7
10 Day Low14.54
20 Day High15.7
20 Day Low14.26
52 Week High18.45
52 Week Low11.42
CS1 End14.89
CR1 Start15.12
Volume & EV
DER(3)-0.62%
DER(5)-0.07%
Volume633.40K
Volume Incr55.08%
Vol(5)1.01M
Vol(50)913.68K