DNOW INC (DNOW) Stock Technical Analysis
NYSE:DNOW • US67011P1003
Taking everything into account, DNOW scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DNOW is only an average performer.
- DNOW is one of the lesser performing stocks in the Trading Companies & Distributors industry. 64% of 51 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- DNOW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DNOW is lagging the market slightly.
- DNOW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- DNOW has an average volume of 2140000 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 58% of them, which is more or less in line with the market.
DNOW has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.58
We found 4 important support areas.
- A support zone ranging from 16.13 to 16.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.23 from a trend line in the weekly time frame.
- Support @13.94 from a trend line in the daily time frame.
- A support zone ranging from 12.71 to 12.83. This zone is formed by a combination of multiple trend lines in the weekly 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 | UP | POSITIVE | The long term trend for DNOW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DNOW is up. |
| ChartMill Relative Strength | 58.22 | 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) | UP | POSITIVE | The current price of DNOW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DNOW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.48 | NEUTRAL | The RSI value for DNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DNOW has a negative trend. |
| Stochastics (14,3) | 60.7 | NEUTRAL | The Stochastics value for DNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for DNOW suggests some volalility. |
| Average Directional Index/ADX (14) | 23.28 | NEUTRAL | The ADX value for DNOW suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.27 | 16.12 | 1.15 (6.66%) | 15.02% |
| An entry @17.27. This is a Buy Stop order right above the 10 day high. | An exit @16.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.15 points, which is 6.66%. | When investing 15.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
16.36
+0.19 (+1.18%)
DNOW INC / DNOW FAQ
What is the technical rating for DNOW stock?
ChartMill assigns a technical rating of 8 / 10 to DNOW.
What is the trend direction for DNOW stock?
The current trend direction for DNOW INC (DNOW) is Bullish.
What is the RSI signal for DNOW stock?
DNOW INC (DNOW) has an RSI value of 63.4805. 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 buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for DNOW INC?
DNOW INC (DNOW) has a support level at 16.35. Check the full technical report for our detailed analysis of DNOW support and resistance levels.