NOW Technical Analysis - SERVICENOW INC

Technical Rating and Analysis

Overall NOW gets a technical rating of 3 out of 10. In the past year, NOW was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, NOW is a bad performer in the overall market: 66% of all stocks are doing better.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month NOW has a been trading in the 846.34 - 945.00 range, which is quite wide. It is currently trading near the high of this range.

NOW has an average volume of 1682600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

NOW is part of the Software industry. There are 280 other stocks in this industry, NOW did better than 45% of them.

NOW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NOW is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NOW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 932.31, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

768.10

1,055.15

5 important support areas can be observed.

A support zone ranging from 922.41 to 932.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 897.89 to 900.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 867.23 to 878.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @850.85 from a horizontal line in the daily time frame.
Support @775.86 from a trend line in the weekly time frame.

3 important resistance areas can be observed.

Resistance @988.82 from a trend line in the daily time frame.
Resistance @1009.78 from a trend line in the weekly time frame.
A resistance zone ranging from 1040.18 to 1044.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for NOW is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NOW is up.
ChartMill Relative Strength	34.79	NEUTRAL	NOW is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NOW is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of NOW is above 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)	56.28	NEUTRAL	The RSI value for NOW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	7.44	POSITIVE	The MACD value suggests NOW has a positive trend, although the MACD value is declining.
Stochastics (14,3)	85.36	OVERBOUGHT	The high Stochastics value suggests NOW may be overbought.
Average True Range in percent/ATR (20)	2.55	MEDIUM VOLATILITY	The ATR as a percentage value for NOW suggests some volalility.
Average Directional Index/ADX (14)	14.42	NEGATIVE	The low ADX value for NOW suggests a weak or negative trend.