SERVICENOW INC (NOW) Technical Analysis
NYSE:NOW • US81762P1021
Current stock price
NOW Technical Rating and Analysis
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: 90% of all stocks are doing better.
- NOW is part of the Software industry. There are 275 other stocks in this industry, of which 62% are performing better than NOW.
- NOW is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NOW is lagging the market.
- NOW is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- NOW has an average volume of 20423700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NOW Weekly and Daily overview Charts
NOW Setup Rating and Analysis
The technical rating of NOW is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NOW Support and Resistance Analysis
98.42
When analyzing the support we notice one important area.
- A support zone ranging from 99.41 to 100.58. 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 103.66 to 104.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 107.95 to 108.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 116.72 to 117.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @149.70 from a trend line in the weekly time frame.
NOW 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 | 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 | 10.17 | NEGATIVE | NOW has a low relative strength, it was outperformed by 89.83% 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) | 38.45 | NEUTRAL | The RSI value for NOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests NOW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.13 | NEUTRAL | The Stochastics value for NOW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for NOW suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | NEGATIVE | The low ADX value for NOW suggests a weak or negative trend. |
NOW Chart- and CandleStick Pattern Analysis
NOW Technicals: Chart, Performance Metrics, Trend & Indicators
102
-2.04 (-1.96%)
SERVICENOW INC / NOW TA 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.
Can you provide the RSI signal for SERVICENOW INC?
SERVICENOW INC (NOW) has an RSI value of 38.4521. This indicates that the stock is currently neutral.
What is the MACD signal for SERVICENOW INC (NOW) stock?
The MACD indicator for SERVICENOW INC (NOW) has a value of -0.664043, indicating a bearish trend.
Can you provide the support and resistance levels for SERVICENOW INC?
SERVICENOW INC (NOW) has a support level at 100.58 and a resistance level at 103.66. Check the full technical report for our detailed analysis of NOW support and resistance levels.