Should you buy DNOW stock?
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Based on market data through , StockInvest.us rates NOW Inc (DNOW) as Hold/Accumulate with a technical score of 0.51 on its -10 to +10 scale. This is a downgrade from Buy in the previous daily evaluation.
- Hold signal since
- Price since signal Up 3.49%
- 3-month trend forecast Up 6.36%
- Beat earnings estimates in all of the last 4 quarters
- Trading above its 200-day moving average
- Lower volatility than the market (beta 0.83)
Evaluation of NOW Inc stock downgraded after the last trading session
(Market data through Aug 05, 2026)
The NOW Inc stock price fell by -1.32% on the last day (Wednesday, 5th Aug 2026) from $14.41 to $14.22. During the last trading day the stock fluctuated 2.58% from a day low at $14.15 to a day high of $14.51. The price has risen in 6 of the last 10 days but is still down by -0.14% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $30.85 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $14.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.36% during the next 3 months and, with a 90% probability hold a price between $13.74 and $15.46 at the end of this 3-month period.
DNOW Signals & Forecast
The NOW Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $13.99 and $13.55. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, August 04, 2026, and so far it has fallen -1.32%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, May 26, 2026 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, May 26, 2026 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for NOW Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.50 and $13.14. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NOW Inc finds support just below today's level at $13.50. If this is broken, then the next support from accumulated volume will be at $13.14 and $13.07.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.365 between high and low, or 2.58%. For the last week, the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: $13.74 (-3.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DNOW) For The Upcoming Trading Day Of Thursday 6th
For the upcoming trading day on Thursday, 6th we expect NOW Inc to open at $14.29, and during the day (based on 14 day Average True Range), to move between $14.01 and $14.43, which gives a possible trading interval of +/-$0.414 (+/-2.95%) up or down from last closing price. If NOW Inc takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.24 (0.14%) than the support at $13.50 (5.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is NOW Inc stock A Buy?
NOW Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold candidate.
Current score:
0.511
Hold/Accumulate
Downgraded
Predicted Fair Opening Price
Predicted fair opening price on August 6, 2026 - $14.29 ( 0.504%).
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DNOW Performance
Trading levels for DNOW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.66 | 3.07% |
| R2 | 14.52 | 2.09% |
| R1 | 14.43 | 1.48% |
| Price | 14.22 | |
| S1 | 14.15 | -0.477% |
| S2 | 14.07 | -1.08% |
| S3 | 13.93 | -2.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.41 | 1.34% |
| R2 | 14.40 | 1.27% |
| R1 | 14.24 | 0.141% |
| Price | 14.22 | |
| S1 | 13.50 | -5.06% |
| S2 | 13.14 | -7.59% |
| S3 | 13.07 | -8.09% |
FAQ
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Buy DNOW
A sell signal from a double top formation was found on Tuesday, August 04, 2026 and based on theory for this formation the price should fall by -11.56% to $12.58 within 7 trading days (Thursday, August 13, 2026) since signal was issued.