Now Inc (DNOW)
NOW Inc. distributes downstream power and industrial products for oil refining, chemical processing, LNG terminals, power generation services, and industrial manufacturing operations in the United States, Canada, and internationally. The company is headquartered in Houston, Texas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 52.03% per annum.
- DNOW price at the close of April 29, 2025 was $16.33 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 22.15% per annum.
- DNOW price at the close of April 29, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of DNOW price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 12, 2024
End date: April 29, 2025
a = 0.6962
b = 0.0011
s = 0.0670
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 52.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0670) – 1
= 30.74%
August 12, 2024 calculations
Top border of price channel:
Exp(Y1,077)
= Exp(a + b × X1,077 + 2 × s)
= Exp(a + b × 1,565 + 2 × s)
= Exp(0.6962 + 0.0011 × 1,565 + 2 × 0.0670)
= Exp(2.6265)
= $13.83
Bottom border of price channel:
Exp(Y1,077)
= Exp(a + b × X1,077 – 2 × s)
= Exp(a + b × 1,565 – 2 × s)
= Exp(0.6962 + 0.0011 × 1,565 – 2 × 0.0670)
= Exp(2.3584)
= $10.57
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(0.6962 + 0.0011 × 1,825 + 2 × 0.0670)
= Exp(2.9249)
= $18.63
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(0.6962 + 0.0011 × 1,825 – 2 × 0.0670)
= Exp(2.6569)
= $14.25
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 52.03% per annum.
- DNOW price at the close of April 29, 2025 was $16.33 and was inside the primary price channel.
Secondary Trend
Start date: February 13, 2025
End date: April 29, 2025
a = 3.9934
b = -0.0007
s = 0.0574
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -22.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0574) – 1
= 25.80%
February 13, 2025 calculations
Top border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 + 2 × s)
= Exp(a + b × 1,750 + 2 × s)
= Exp(3.9934 + -0.0007 × 1,750 + 2 × 0.0574)
= Exp(2.9079)
= $18.32
Bottom border of price channel:
Exp(Y1,204)
= Exp(a + b × X1,204 – 2 × s)
= Exp(a + b × 1,750 – 2 × s)
= Exp(3.9934 + -0.0007 × 1,750 – 2 × 0.0574)
= Exp(2.6783)
= $14.56
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.9934 + -0.0007 × 1,825 + 2 × 0.0574)
= Exp(2.8564)
= $17.40
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.9934 + -0.0007 × 1,825 – 2 × 0.0574)
= Exp(2.6269)
= $13.83
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 22.15% per annum.
- DNOW price at the close of April 29, 2025 was inside the secondary price channel.