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SERVICENOW INCSERVICENOW INCSERVICENOW INC

SERVICENOW INC

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NOWW trade ideas

ServiceNow Hits Resistance After EarningsServiceNow is exactly the type of cloud-computing growth stock that benefited from the pandemic. Is it now rolling over as the crisis fades? Consider the dive under $500 in January. NOW rebounded on strong quarterly results and an upgrade from Piper Sandler last week. Yet, prices failed to reclaim $600. That level could be important because it’s near two lows in December. It’s also near the 200-day simple moving average (SMA). Speaking of the 200-day SMA, the 50-day SMA is falling toward that key line: a potential “death cross.” Third, notice how stochastics are sliding back from an overbought condition. Finally, you have the valuation argument because NOW trades for about 475 times earnings. (Near the top of the overall S&P 500, according to TradeStation data.) That’s a potential headwind given the rising interest-rate environment. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:NOW
by TradeStation
14
NOW head & shoulders 510 PE ratioYes, the quarter growth was impressive, but on 5.9b in annual sales revenue and a mere $230m in NET INCOME with a $114.3 billion market cap. It will take 495 years of net income to catch up to this market cap. There's no bubbles here, just keep buying!!!! We are in a bear market, accept it or not. This stock is going to have a very difficult time breaking past the neckline and printing any new highs in this environment. Nearest profitable competitor CRM has twice the market cap but 1/4th the PE. When insiders are selling SO SHOULD YOU!! finance.yahoo.com
NYSE:NOWShort
by ShortSeller76
Swing puts on a highly overvalued software stock(thank you @ShortSeller76 for this idea) Since I do not follow this stock and am buying options on it for the first time, I am keeping very small positions. Also the volumes are low and spreads are wide, so this is further reason to use less capital. I am keeping my capital risk low while the reward potential high. According to my brokerage data, this stock is 88% institutional owned so selling could mean heavy selling, the stock is overvalued, and its high earnings surprises over past year may indicate peak growth. Daily chart: > Price is up against 200sma, while 10sma is still under 20sma > RSI jumped from under 30 to test 50 thus far but I expect it to reverse down since RSI went under 33.33. > Stochastic %K gave a bullish warning in its rise between 26-28 Jan, and usually it reverses down before rising again. I stress - this is an indication, not a prediction. > Technically, I see good reason to buy puts with stock between 580 and 588.40. 30min chart: > 588 is a reversal area after a 5-wave move up > RSI shows the 3 price peaks (rectangle) in this move, and in this case the move up is counter to the daily downtrending ma's > Stochastic %D is above 80 again and should turn down soon. Taken altogether, my ideal trade would be to hold this as a longer swing down for the stock to reprice after future earnings. However I could be wrong about this and options are too expensive that far out. This stock may also reprice lower if markets sell off more. Due to theta decay and unpredictable IV-based changes, and to manage risk, I am using two different expiries. The TRADE: > BTO 4Feb 550 puts at $3.20 > BTO 18Mar 450 puts at $5.40 > Exit 4Feb puts if stock goes over high of day.
NYSE:NOWShort
by OptionsRising
6
NOW $600s Soon? Keep Watch!As you can tell, $566 is a key price in the past few months. We have seen double top bounces from $566 resistance. If we get past this level, say around $570, we can definitely see this stock going to $600. Be wary, this stock has shot back down from $566, so this is very important to see how the price moves in the upcoming days. Things to note, Daily chart, RSI showing overbought, we may get a slight dip once past $566. Currently have no position. Please let me know what you guys think in the comments. Let me know other stocks I can post. Thank you!
NYSE:NOW
by Smarter_Trades
$NOW Cup with Handle Watchlist - Updated.ServiceNow $NOW is an excellent example of the double bottom / Shake-out Plus 3 CANSLIM Style trade. While I missed that trade, the entry would have been between $485.64 to $508.76. That would have coincided well with he Gap up on June 9th when you also had a pocket pivot volume day. Even if one would have waited to reclaim the 200 DMA it would be close to the buy range and still an outstanding entry. However, I missed that trade and I have an unbendable rule of not chasing price. There looks to be a new opportunity forming. $NOW has formed a Cup Formation. There seems to be a reversal or stalling candle on June 24 (Closing in the lower range). Today there was some selling with price closing once again in the lower range of the day. I am hopeful that that will continue down for another 5% to 10% over the next 4 or 5 days. If it were to do that, it would be a textbook Cup with Handle formation. (And by the way, a retest of the original entry area, also quite common, hence the shake-out of weak hands.) I’ll be watching this next week. The proper buy point would be $558.85, just over the high of June 9th. However, I look for early entries and would buy when it breaks above the short-term downtrend line (if it performs near to how I’ve drawn the future downtrend. I hope this helps. These are my ideas and not investing / trading advice.
NYSE:NOWLong
by jaxdog
2
Looking for $NOW to pullback and make a "High Handle".Here's one for the watch list. I missed the break of the downtrend trade and I will not chase. I like ServiceNow as a company and the growth expected in the future. I am looking for this to pullback and create a handle on the latest cup formation. That would create a much needed shake-out of weak hands so the stock would be able to advance further with little selling resistance. And, if you look at the chart it also came out of a classic double bottom. "Ants" are also present on the chart. These indicate that the stock has upside momentum. These and other great indicators are available on @TradingView and programmed by @JohnMuchow . I left older uptrend lines in tact. Why? because I think there is a chance this will get back to it's older trend line. If that "were" to happen $NOW would be a big winner. ALL TBD. Ideas, not investing / trading advice.
NYSE:NOWLong
by jaxdog
Trading Idea - #ServicenowSHORT ENTRY: 467.00 USD TARGET: 389.00 USD (+16% profit) STOP: 516.00 USD ServiceNow, Inc. is a provider of cloud computing solutions that define, structure, manage, and automate services for global companies. The company offers a range of cloud-based services that automate the workflow within and between departments in a company. 1.) 463.00 USD is the support that needs to fall to get a more precise SHORT signal! Keep an eye on that!
NYSE:NOWShort
by Traderherz-Analytics