SERVICENOW INC (NOW) Stock Technical Analysis
USA - NYSE:NOW - US81762P1021 - Common Stock
Overall NOW gets a technical rating of 0 out of 10. NOW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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 a resistance zone just above the current price starting at 900.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 850.42, a Stop Loss order could be placed below this zone.
More info and screens
761.03
When analyzing the support we can see 2 important areas.
- A support zone ranging from 849.68 to 850.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @768.72 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 900.34 to 929.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 961.15 to 961.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @978.36 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 | 24.13 | NEGATIVE | NOW has a low relative strength, it was outperformed by 75.87% 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) | 35 | NEUTRAL | The RSI value for NOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.95 | NEGATIVE | The MACD value suggests NOW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.77 | OVERSOLD | The low Stochastics value suggests NOW may be oversold. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for NOW suggests some volalility. |
| Average Directional Index/ADX (14) | 18.06 | NEGATIVE | The low ADX value for NOW suggests a weak or negative trend. |
850.43
+0.74 (+0.09%)
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 trend direction for 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 35.0016. This indicates that the stock is currently neutral.
What is the buy/sell signal for SERVICENOW INC (NOW) stock?
The buy/sell signal for SERVICENOW INC (NOW) is sell as both the short term and long term trends are negative.
What is the support and resistance level for NOW stock?
SERVICENOW INC (NOW) has a support level at 850.42 and a resistance level at 900.34. Check the full technical report for our detailed analysis of NOW support and resistance levels.