Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
New York Stock Exchange, Inc. / Information Technology / Software
Overall NOW gets a technical rating of 9 out of 10. In the last year, NOW was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
NOW has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 980.05, a Stop Loss order could be placed below this zone.
More info and screens
726.11
3 important support areas can be observed.
- A support zone ranging from 965.17 to 980.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @804.07 from a trend line in the daily time frame.
- Support @733.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @983.30 from a horizontal line in the daily time frame.
- Resistance @1124.99 from a horizontal line in the weekly time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 983.31 | 965.16 | 18.15 (1.85%) | 25.00% |
| An entry @983.31. This is a Buy Stop order right above the resistance zone. | An exit @965.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 18.15 points, which is 1.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%. |
- The distance between exit and entry is rather small compared to the average daily movement of NOW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.