Weinstein 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.
Analyzing the options chain and the chart patterns of NOW ServiceNow prior to the earnings report this week,
I would consider purchasing the 470usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $27.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
Low risk idea here, with a tight stop being feasible to enter long positions in NYSE:NOW , ahead of earnings next week. I suggest a small position, say 1 to 5% of your portfolio to be safe.
Upside target is near $1000 for the long term chart, weekly trend points to the signal target shown on chart, with the cyan box and take profit level shown.
Best of...
NOW had earnings the other day beating both revenue and earnings, however fell due to some fundamentals.
From a technical standpoint, VWAP suggests buyers are supporting the stock at the low price near the floor. Price looks as if it's ready to break thru the ceiling and recover some of it's lost ground from yesterday. VWAP suggests buyers are supporting it at...
Entry: when price clears 563.63
Volume: with daily volume greater than 1.39M
Target: 597 area
Stop: Depending on your risk tolerance; 552.52 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
Head and shoulders may be in play on NOW. Likely will be valid if S&P continues to correct. Easy invalidation given the most recent candle. Looking to exit on Daily gap fill around $517.
This wide moat stock is currently undervalued and ready for a massive breakout with the arrival of the golden cross.
Price target is >$1000 within the next 12 months.
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%.
NOW is overbought and has formed a "hammer top".
Strategy is SELL current @ $ 510 and take profit near $ 472. Stop-loss only if desired @ $ 535 (financial).
The stock is overbought and it's in a too steep angle above the current GANN support lline. I suspect we will see a break/correction below the support $ 495 and to correct to $ 475 GANN 1/1 support area,
Strategy is SELL @ 510 and take profit @ 478. Stop-loss should be a financial one when desired.
This chart had a failed bearish breakdown which usually dictates more upside.
Since it was defended at support it does favor more upside.
A clear close back below the major Pivot low should be used as a stoploss.
Personally waiting for a pullback in the indices to go long.
Watching NYSE:NOW this week for a short position. The second top touch of the channel was super recent so its not a super strong resistance. However considering it runs parallel with a strong underside of the channel it gives me more confidence. If we get some confirmation to the downside we have a good amount of room to the downside.
Heading down to fill 393 gap by early April. I don't see it getting above 448-450 here tomorrow and will likely start move down by end of this week.
Watch 410-415 for possible support, but shouldn't stop it from dropping to 390s.
Looking for a break below 422.84, potential stop signal 447.63, First target 374.13. 2nd Target 163.57. Significant insider selling in December and January.
Expect pop to 480s tomorrow 1/26 then continuation to 520s by Feb 10th expiration
Last chance to get in on calls
This is the greatest stock of all time
