SERVICENOW INC (NOW) Stock Technical Analysis
USA - NYSE:NOW - US81762P1021 - Common Stock
Taking everything into account, NOW scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NOW was also a bad performer in the overall market in the last year.
Although the technical rating is bad, NOW does present a nice setup opportunity. 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 923.18, a Stop Loss order could be placed below this zone.
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5 important support areas can be observed.
- A support zone ranging from 916.44 to 923.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @901.56 from a trend line in the daily time frame.
- A support zone ranging from 864.66 to 867.23. 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 @764.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @952.74 from a trend line in the daily time frame.
- Resistance @988.84 from a trend line in the weekly time frame.
- A resistance zone ranging from 1044.70 to 1044.70. 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 | 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 | 27.25 | NEGATIVE | NOW has a low relative strength, it was outperformed by 72.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NOW is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NOW is above the rising 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) | 53.02 | NEUTRAL | The RSI value for NOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.26 | POSITIVE | The MACD value suggests NOW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.83 | NEUTRAL | The Stochastics value for NOW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for NOW suggests some volalility. |
| Average Directional Index/ADX (14) | 13.84 | NEGATIVE | The low ADX value for NOW suggests a weak or negative trend. |
930.17
-9 (-0.96%)
SERVICENOW INC / NOW FAQ
What is the ChartMill technical rating of SERVICENOW INC (NOW) stock?
ChartMill assigns a technical rating of 3 / 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 53.0238. This indicates that the stock is currently neutral.
What are the support and resistance levels for SERVICENOW INC (NOW) stock?
SERVICENOW INC (NOW) has a support level at 923.18 and a resistance level at 952.74. Check the full technical report for our detailed analysis of NOW support and resistance levels.