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 3 out of 10. 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.
Although the technical rating is bad, DNOW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.45. Right above this resistance zone may be a good entry point. 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
13.40
When analyzing the support we can see 2 important areas.
- Support @14.05 from a horizontal line in the daily time frame.
- A support zone ranging from 13.54 to 13.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.45 to 15.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 15.84 to 15.84. 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 | UP | POSITIVE | The short term trend for DNOW is up. |
| ChartMill Relative Strength | 23.28 | NEGATIVE | DNOW has a low relative strength, it was outperformed by 76.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DNOW is above a declining 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) | UP | POSITIVE | The current price of DNOW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.98 | NEUTRAL | The RSI value for DNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests DNOW has a positive trend. |
| Stochastics (14,3) | 65.59 | NEUTRAL | The Stochastics value for DNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for DNOW suggests some volalility. |
| Average Directional Index/ADX (14) | 11.6 | NEGATIVE | The low ADX value for DNOW suggests a weak or negative trend. |
14.81
-0.1 (-0.67%)