SERVICENOW INC (NOW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NOW - US81762P1021 - Common Stock
Overall NOW gets a technical rating of 2 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.
Although the technical rating is bad, NOW does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 870.01. Right above this resistance zone may be a good entry point.
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766.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 800.45 to 812.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @774.60 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 870.01 to 876.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @905.70 from a trend line in the daily time frame.
- A resistance zone ranging from 961.15 to 964.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for NOW is up. |
| ChartMill Relative Strength | 18.16 | NEGATIVE | NOW has a low relative strength, it was outperformed by 81.84% off all stocks 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 | 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) | 55.7 | NEUTRAL | The RSI value for NOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 8.09 | POSITIVE | The MACD value suggests NOW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.54 | OVERBOUGHT | The high Stochastics value suggests NOW may be overbought. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for NOW suggests some volalility. |
| Average Directional Index/ADX (14) | 19.84 | NEGATIVE | The low ADX value for NOW suggests a weak or negative trend. |
865.06
-2.43 (-0.28%)
SERVICENOW INC / NOW FAQ
What is the ChartMill technical rating of SERVICENOW INC (NOW) stock?
ChartMill assigns a technical rating of 2 / 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 55.6958. 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 hold as the short term and long term trends are mixed.
What is the support and resistance level for NOW stock?
SERVICENOW INC (NOW) has a support level at 812.4 and a resistance level at 870.01. Check the full technical report for our detailed analysis of NOW support and resistance levels.