Like 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...
NOW 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.
Fundamentals:
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. ...
Analyzing 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.
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-200
In 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...
From 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...
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...
On 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.
4. 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...
NOW 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...
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
NOW 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...
Fundamentals :
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....
