NOW Technical Analysis (NYSE:DNOW)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The DNOW stock chart pattern can give those who understand technical analysis an indication of which way DNOW stock is headed, but cannot predict with 100% certainty as to what can happen to the NOW stock price.
See NOW bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of NOW stock analysis.
NOW Moving Average
Moving averages show the average price of DNOW stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $13.77 is below the last closing price of $14.17 and the 50 day moving average of $14.02 is below the last closing price of $14.17. The 10 and 20 day periods can predict short term moving average trends.
NOW Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the DNOW stock. The stock price is trading between the average and the upper band in the context of NOW bollinger bands.
NOW Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The NOW MACD line is below the signal line.
NOW Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of DNOW stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.