SERVICENOW INC (NOW) Stock Technical Analysis
NYSE:NOW • US81762P1021
We assign a technical rating of 0 out of 10 to NOW. NOW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, NOW is a bad performer in the overall market: 93% of all stocks are doing better.
- NOW is part of the Software industry. There are 274 other stocks in this industry, of which 67% are performing better than NOW.
- NOW is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month NOW has a been trading in the 98.00 - 136.03 range, which is quite wide. It is currently trading near the lows of this range.
- NOW has an average volume of 16451200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, NOW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 107.08. Right above this resistance zone may be a good entry point.
More info and screens
99.57
We found 1 important support area.
- A support zone ranging from 100.58 to 100.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 107.08 to 110.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @117.85 from a trend line in the daily time frame.
- Resistance @157.29 from a trend line in the weekly time frame.
- Resistance @185.20 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NOW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NOW is down. |
| ChartMill Relative Strength | 7.77 | NEGATIVE | NOW has a low relative strength, it was outperformed by 92.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NOW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NOW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NOW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.86 | NEUTRAL | The RSI value for NOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.02 | POSITIVE | The MACD value suggests NOW has a positive trend. |
| Stochastics (14,3) | 24.67 | NEUTRAL | The Stochastics value for NOW is a neutral value. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for NOW suggests high volalility. |
| Average Directional Index/ADX (14) | 43.17 | POSITIVE | The high ADX value value for NOW suggests a strong trend. |
102.49
+1.69 (+1.68%)
SERVICENOW INC / NOW FAQ
What is the ChartMill technical rating of SERVICENOW INC (NOW) stock?
ChartMill assigns a technical rating of 0 / 10 to NOW.
What is the current trend direction of SERVICENOW INC (NOW) stock?
The current trend direction for SERVICENOW INC (NOW) is Bearish.
What is the RSI signal for SERVICENOW INC (NOW) stock?
SERVICENOW INC (NOW) has an RSI value of 33.8625. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SERVICENOW INC?
The MACD indicator for SERVICENOW INC (NOW) has a value of 1.02101, indicating a bullish trend.
What is the short term momentum for SERVICENOW INC (NOW) stock?
The short term momentum for SERVICENOW INC (NOW) is negative.