DNOW INC (DNOW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DNOW - US67011P1003 - Common Stock
13.57 USD
-0.13 (-0.95%)
13.6268 USD
+0.06 (+0.42%)
Overall DNOW gets a technical rating of 1 out of 10. DNOW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
DNOW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
DNOW has an average volume of 2464430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, DNOW outperforms 40% of them, which is more or less in line with the market.
DNOW is an average performer in the Trading Companies & Distributors industry, it outperforms 42% of 50 stocks in the same industry.
In the last month DNOW has a been trading in the 13.05 - 14.49 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.
More info and screens
12.36
16.70
When analyzing the support we can see 2 important areas.
- Support @12.83 from a horizontal line in the weekly time frame.
- A support zone ranging from 12.48 to 12.61. This zone is formed by a combination of multiple trend lines in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 13.67 to 13.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.18 to 14.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.99 to 15.22. 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 | NEUTRAL | NEUTRAL | The short term trend for DNOW is neutral. |
| ChartMill Relative Strength | 40.71 | NEUTRAL | DNOW is not amongst the best or worst performers 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) | 48.56 | NEUTRAL | The RSI value for DNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DNOW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.29 | NEUTRAL | The Stochastics value for DNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for DNOW suggests some volalility. |
| Average Directional Index/ADX (14) | 15.14 | 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)
13.57
-0.13 (-0.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.95%
1 Week1.57%
2 Weeks-1.6%
1 Month-4.23%
3 Month-2.72%
6 Month-0.59%
12 Month5.77%
2 Year34.49%
3 Year-3.35%
5 Year63.69%
10 Year0.07%
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%3.22%
ATR Inc33.86%
Range Today0.47
ADR(20)0.42
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.71
3 months CRS28.82
6 months CRS32.46
Mansfield-1.91
10 Day High14.1
10 Day Low13.05
20 Day High14.5
20 Day Low13.05
52 Week High18.45
52 Week Low12.01
CS1 End12.83
CR1 Start13.67
Volume & EV
DER(3)0.01%
DER(5)-0.78%
Volume1.49M
Volume Incr34.63%
Vol(5)2.42M
Vol(50)2.46M
DNOW INC / DNOW FAQ
What is the technical rating for DNOW stock?
ChartMill assigns a technical rating of 1 / 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 48.5604. This indicates that the stock is currently neutral.
What is the support and resistance level for DNOW stock?
DNOW INC (DNOW) has a support level at 12.83 and a resistance level at 13.67. Check the full technical report for our detailed analysis of DNOW support and resistance levels.