The PEAD projected a Bullish outlook for $NOW after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 78.57%.
The stock has broken the bearish phase. Limit buy placed. The risk is that the limit order only gets reached if the broken trend line is retested. But that's okay.
ServiceNow to report earnings today January 26th After market close. NOW is expected to post quarterly earnings of $1.44 per share in its upcoming report, which represents a year-over-year change of +23.1%. Revenues are expected to be $1.6 billion, up 28.1% from the year-ago quarter. For this trade idea im looking to short a small position size for puts with an...
JS-Masterclass #8:
Perfect Buy Points: IPO’s – The Primary Base
When it comes to investing in IPO stocks, new issues don't play by the usual rules.
Companies making initial public offerings draw a lot of investor attention. That often results in unusual and brand-new chart patterns. Volatility can rise as investors size up demand for the new stock. Yet there...
The PEAD projected a Bearish outlook for $NOW after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
Interesting situation, the stock price is in a bear trend, the price reaches a lower level of the area of attention between the level price 411.15 and 453.29. Leaving a big gap between the close price of the day before. Statistically, the gap price is usually covered in the next sections. the trend looks very symmetrical and looks following the moving average of...
Fundamental Indicators:
Revenue- demonstrates consistent long-term growth, 5-year average at 34%
Profits – 2022 TTM has reduced
Net margin - quite low for tech company with just 2.79%
P/E – extremely high at 553 when S&P500 is at 21
Liabilities - debt ratio is at 0.62 which is within normal limits, Net Debt/ EBITDA is negative – no problems with...
Software stocks were on a tear last week. Even while market was cooling off there were a lot of software stocks making new swing highs. Posted $SHOP last week. $NET $TEAM had nice moves after ER's. If market wants to go sideways again and just not fall then keep an eye on software. That would be week one of a possible reversal. Dont want to jump the gun there but...
I believe we are finishing off X Wave here, which supposes we are to start a new zigzag soon. A zigzag to the downside, because I do not see a single bit of evidence to suggest a bullish rally.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with...
The PEAD projected a Neutral outlook for $NOW after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Earnings 7-27 AMC.
Neutral pattern until a trendline is broken with a trend in that direction.
Mid Rectangle is 463.02 and some use this level as a stop if trading inside the rectangle.
No recommendation.
EPS (FWD)
7.31
PE (FWD)
60.22
Div Rate (FWD)
-
Yield (FWD)
-
Short Interest
2.11%
Market Cap
$88.20B
ServiceNow, Inc. provides enterprise cloud computing...
NOW continues to bounce off $406 ish support and hits a $511 ceiling within this range, oversold on several indicators no position yet. I would expect a bounce to 50 dma $461.66 then $468 to test cloud resistance. Service NOW reports earnings August 3, 2022
I have long been a pessimist of this stock solely because of its high P/E, but after this weeks sell-off of almost 20% it's not a big gamble to go long here. With a gap created, I think it's feasible to see NOW to get back to $470 before shorting again.
If you see what I see you know why, but if not feel free to message me and I'll explain further. Trying to...
