NOW channelThis is the channel that I drew for NOW. I am publishing as an example to my friend of how I draw channelsby John_Schoolfield112
$NOW $737 possible short term?NYSE:NOW has flushed down with NYSE:CRM earnings but has recovered quite nicely, Building out the base from $700 area. MACD also curling to the upside with william% range and RSI showing bullish divergence. My pt is $737.Longby rahul45261
NOW potential Buy setupReasons for bullish bias: - Price respecting trendline - Strong bullish candles - Price bounce from Fib 0.618 level - No divergence Here are the recommended trading levels: Entry Level(CMP): 692.40 Stop Loss Level: 634.00 Take Profit Level 1: 750.8 Take Profit Level 2: OpenLongby TradeWithParas0
NOW potential Buy setupReasons for bullish bias: - Price respecting trendline - Strong bullish candles - Price bounce from Fib 0.618 level - No divergence Here are the recommended trading levels: Entry Level(CMP): 692.40 Stop Loss Level: 634.00 Take Profit Level 1: 750.8 Take Profit Level 2: OpenLongby TradeWithParas0
ServiceNow to continue Steamrolling towards $960Like NYSE:CRM , successful customers of ServiceNow become locked into the NYSE:NOW ecosystem and as they add functionality to their platform they gain an ever larger share of the IT department OPEX budget. Numbers wise, NYSE:NOW continues to steamroll forward with Forbes reporting: Q1 2024 revenue: $2.6 billion — up 24% and $10 million above consensus as tracked by FactSet, noted Investor’s Business Daily. Q1 2024 subscription revenues: $2.523 billion — up 24.5% in constant currency, $10 million above the consensus, IBD reported. Q1 2024 current remaining performance obligations: $8.45 billion — a 21% increase from the year before and $40 million above consensus, according to IBD. Q1 2024 adjusted earnings per share: $3.41 — a 44% increase from the year before and 27 cents per share above the consensus, reported Reuters. Q2 2024 subscription revenue forecast: A range between $2.525 billion and $2.530 billion — the midpoint of which is about $1 million below the $2.54 billion London Stock Exchange consensus, according to Reuters. From a pre earnings high of $813 to a post earnings low of $663, NYSE:NOW looks well positioned to march up to new highs, potentially as high as $960/share, with Analyst Day tomorrow May 6th followed by the start of their annual customer conference Knowledge 24 on Tues May 7 where bystanders will see over 20,000 NYSE:NOW customers flock into the crowded halls of the Sands Convention center in Vegas showing the true strength of their customer base. Buying calls. Good luck All!! Longby MP888Updated 0
shortNOW made big moves upside months ago. But now we are seeing that is it losing strenght to keep going up. After a break down it tested the resistance and it seems that it will keep going lower.Shortby misternico0
NOW: Re-Load the BullFundamentals: Now was on the watchlist in 2023. It was a good stock to invest in, then. I wrote at that time, "A strong company with increasing number of funds clamoring for its stock. I also like its sales and earnings, its strength relative to the S&P500, and its forward-looking est. growth in 2024. Return on equity is about 35%." Things have gotten better. And now ( pun intended ), NOW's status has been elevated into "superstock". Sales have accelerated, as well. Technicals: Daily uHd Daily extremes signal Daily Morning Star Longby RocketmanUpdated 3
NOW ServiceNow Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NOW ServiceNow prior to the earnings report this week, I would consider purchasing the 810usd strike price Calls with an expiration date of 2024-8-16, for a premium of approximately $29.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptions2
NOW April 17, 2024: Can It Hold The Support?On April 17, 2024, NYSE:NOW is trading right at its support level since January, 2024. A break down below this support level will suggest a further decline of 10% to its MA-200by longsonvn1
NOW looks good for $800 again. I like supports, volume, and trend. IMO. I already played this weeks ago but re mentioning again. NFALongby sully3570
One-Line Practice: Set Yourself Aside and FollowIn this video, I set up a trading plan and introduce a trend line exercise you can practice in any market and in any time frame. There is no one right way to draw a trend line, it's a matter of function and what you are trying to see. We will be drawing a trend line off two relative (same size swings). This will identify the footprints of organized volatility on a chart. This exercise is designed so that you can learn about markets and price flow in your own hand. Its objectives are: 1. Learn to isolate relative market structures. 2. Learn to set yourself aside and follow price no matter what price is doing. 3. Allow the practice and price flow to teach you. We first need to make some objective swing definitions: Confirmed Swing High/Low: A new high confirms a swing low and a new low confirms a swing high. Balanced/Relative Swing: Same size reaction legs. One Line Practice Instructions: 1. Identify two confirmed relative (same size reaction legs) swings. 2. Anchor a trend line at the two lows and make observations (not expectations) about how price interacts with the line. 3. Always follow the last two relative confirmed swings with the trend line. 4. Draw a box across the top of each swing and observe how price interacts with the boxes. By identifying two same sized swings that confirmed new highs, we have found some organized volatility and behavior. We can then participate in that continued behavior or have a way to know when it changes. Shane Education19:34by ShaneBlankenshipUpdated 223
NOW March 22, 24: Huge Volume on Down MovesFrom the low in November 23, NYSE:NOW has been going up quite well, 40% from $550 to $775. I myself also made a trade which was not successful (see in the related ideas section for details). However what made me to be more cautious is that there are so many down days with huge volume, while volume during up days were very normal. Maybe NYSE:NOW will still go up because if looking at its key moving averages MA-50/150/200 the trend is still up for the stock, and the overall market is still in uptrend. But I will prefer other stocks with better volume characters.by longsonvn1
NOW March 13, 24: NOW!Among the stocks flashing buy points mentioned by IBD Stock Market Today, NYSE:NOW is the one I like the most, the other stocks mentioned include NASDAQ:MSFT which I also posted separately during the day. The other stocks are NASDAQ:SWAV NYSE:AROC NASDAQ:SYM Why do I like NYSE:NOW the most? Because the pattern looks much tighter and more constructive. The stock is going up right from the MA-20, MA-50Longby longsonvnUpdated 1
NOW March 15, 24: A Fail BreakOn March 15, 24, NYSE:NOW crossed down the trendline AND its moving average MA-50 which is a sell signal. I believe the stock is still in a good long-term uptrend however currently it might needs some time to consolidate before moving up further. See the previous analysis in the related idea section.Longby longsonvn1
Wave of the day:$NOW4. good reasons for NYSE:NOW stock 1. Breaking out from the corrective channel 2. Rising MACD histogram 3. Buying Volume coming in 4. Analysts have set a mean price target forecast of $864.5. This target is 9.49% above the current price. What's your take on NYSE:NOW ? Comment below Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as financial advice.Longby WavesInvesting0
Where NOW is going will depend on CPI data tomorrowNYSE:NOW is consolidating pretty tight. It will depend on the CPI data tomorrow, if the CPI is favorable, the stock can go high quickly. by vincentvu1511110
NOW is a buy after a down tech stock day LONGNOW is on 15 minute chart with a volume profile overlaid and relative volume and volatility indicators below the chart. NOW had a good earnings beat late January. It is halfway to the next earnings. I think right now software stocks are hotter than hardware/ networking stocks. NOW got dragged down by technology headwinds into its support and the fall got rejected by buyers near to the close of the regular market hours. The lower VWAP bands are confluent with the support zone and confirm deep oversold and undervalued stock price. I believe this is excellent for a long trade perhaps lasting until the run-up before earnings is 6-7 weeks through the buy of a small lot of shares or a call option expiring at the May or June monthly in the range of $750 ( OTM). This will complement existing positions in CRM CRWD and PLTR.Longby AwesomeAvaniUpdated 1
NOW LONGS ( OPTION SIGNAL )NOW 815 STRIKE 23 FEB EXP CALL NOW is setting up for a bullish pattern and our Ai algo has turned bullish on it Expecting to prices to break 800 in 3 weeks time Longby tradesenigma454Updated 3
More Upside to 770-780NOW is very bullish currently, expecting upside continuation as long as it breaks dashed orange and red resistance directly overhead. Initial Target = 730 by 1/12/2024 (possibly sooner) Goal Target = 770-780 by 1/19/2024 (earliest... give it more time if playing calls, go out until March 2024) Today (12/28) should be very bullish, likely testing orange resistance as market attempts new ATH.Longby JerryMandersUpdated 225
ServiceNow: Growing Fund OwnershipFundamentals : A strong company with increasing number of funds clamoring for its stock. I also like its sales and earnings, its strength relative to the S&P500, and its forward-looking est. growth in 2024. Return on equity is about 35%. Technicals : Week of Sept 25th hammer candle and Week of October 23 engulfing candle with huge volume produced a bottom. Then, a recent breakout, confirming the support. Confluence: a-b-c equal legs completion uHd Extreme Bottoming indicator Price in double G-TAZ zone First pb of new trend upLongby RocketmanUpdated 113
NOW short positionHi traders, let's have a look at the NOW chart. The price is now at the resistance and on RSI index we can see it is overbought. We can expecting pullback and therefore we can take short position here. Target 1 and target 2, entry price and stop loss are shown on the graph. Shortby vf_investment1
Earnings AMCEarnings today. Descending triangle which is neutral until broken. Top line slopes down and bottom line is support and virtually flat. Rectangle, another neutral pattern, is also noted. Top line of rectangle is 614.36. No recommendation. ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. The company operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. It also provides information technology (IT) service management applications; IT service management product suite for enterprise’s employees, customers, and partners; strategic portfolio management product suite; IT operations management product that connects a customer’s physical and cloud-based IT infrastructure; IT asset management; and security operations that connects with internal and third party. In addition, the company offers integrated risk management product to manage risk and resilience; environmental, social and governance management product; human resources, legal, and workplace service delivery products; safe workplace suite products; customer service management product; and field service management applications. Further, it provides App Engine product; Automation Engine enables application to extend workflows; platform privacy and security product; procurement operations management suite; and professional and customer support services. The company serves government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products through direct sales team and resale partners. It has a strategic partnership with Celonis to help customers identify and prioritize processes that are suitable for automation. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. The company was founded in 2004 and is headquartered in Santa Clara, California.by lauralea111
Stage 4 ContinuationWeinstein Stage Analysis: NOW is currently in a stage 4 downtrend, until we see a significant change in trend then I am expecting price to continue declining. First reversal area can possibly be the 200 moving average. After that if it breaks then we may see a prolonging trend lower.Shortby Jeanfede0