By Mill Chart
Last update: Apr 10, 2024
For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether SERVICENOW INC (NYSE:NOW) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but SERVICENOW INC has caught our attention on our screen for growth with base formation. It may warrant additional investigation.
To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NYSE:NOW has achieved a 9 out of 10:
ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:NOW scores a 7 out of 10:
Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:NOW has achieved a 8:
In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:NOW has a 8 as its setup rating:
NOW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 779.66, a Stop Loss order could be placed below this zone.
Our Strong Growth screener lists more Strong Growth stocks and is updated daily.
For an up to date full fundamental analysis you can check the fundamental report of NOW
Check the latest full technical report of NOW for a complete technical analysis.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
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SERVICENOW INC (NYSE:NOW) exhibits strong growth, high profitability, and efficient capital use, making it a compelling choice for quality investors.
SERVICENOW INC (NYSE:NOW) is a strong growth stock with a bullish technical setup, supported by solid revenue growth and profitability. A breakout above resistance could signal further upside.