Now Inc Stock Technical Analysis

DNOW Stock  USD 14.77  0.38  2.51%   
As of the 25th of April, Now secures the Risk Adjusted Performance of 0.1597, mean deviation of 1.83, and Downside Deviation of 1.63. Now Inc technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Now, which can be compared to its peers in the industry. Please verify Now Inc information ratio and downside variance to decide if Now Inc is priced some-what accurately, providing market reflects its recent price of 14.77 per share. Given that Now Inc has jensen alpha of 0.527, we recommend you to check Now's last-minute market performance to make sure the company can sustain itself at a future point.

Now Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Now, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Now
  
Now's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Now Analyst Consensus

Target PriceAdvice# of Analysts
13.67Strong Buy3Odds
Now Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Now analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Now stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Now Inc, talking to its executives and customers, or listening to Now conference calls.
Now Analyst Advice Details
Now technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Now technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Now trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Now Inc Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Now Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Now Inc Trend Analysis

Use this graph to draw trend lines for Now Inc. You can use it to identify possible trend reversals for Now as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Now price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Now Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Now Inc applied against its price change over selected period. The best fit line has a slop of   0.1  , which means Now Inc will continue generating value for investors. It has 122 observation points and a regression sum of squares at 345.72, which is the sum of squared deviations for the predicted Now price change compared to its average price change.

About Now Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Now Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Now Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Now Inc price pattern first instead of the macroeconomic environment surrounding Now Inc. By analyzing Now's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Now's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Now specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Days Sales Outstanding67.9968.0160.3965.33
PTB Ratio1.321.671.151.46

Now April 25, 2024 Technical Indicators

Most technical analysis of Now help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Now from various momentum indicators to cycle indicators. When you analyze Now charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Now Inc is a strong investment it is important to analyze Now's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Now's future performance. For an informed investment choice regarding Now Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Now Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running Now's price analysis, check to measure Now's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.
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Is Now's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Now. If investors know Now will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Now listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.812
Earnings Share
2.24
Revenue Per Share
21.612
Quarterly Revenue Growth
0.015
Return On Assets
0.0645
The market value of Now Inc is measured differently than its book value, which is the value of Now that is recorded on the company's balance sheet. Investors also form their own opinion of Now's value that differs from its market value or its book value, called intrinsic value, which is Now's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Now's market value can be influenced by many factors that don't directly affect Now's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Now's value and its price as these two are different measures arrived at by different means. Investors typically determine if Now is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Now's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.