NOW. Almost at resistance. Long term play.I expect a rejection at my projections. Might find support at the first level below the top box. I will consider a long there, but I will post a new chart once we get close to there. Would take a big position if we ever got to my bottom box. Longby JR_StocksUpdated 2
1/29/25 - $now - Valuation is... silly >$1k1/29/25 :: VROCKSTAR :: NYSE:NOW Valuation is... silly > MIL:1K - 20x ev/ sales for 20% sales growth, really anon? - participated on the B2B pump y day "the next rotation into cheaper AI benefits software" -> that's a low order of thinking though. a. obvious, b. valuation matters and c. benefits won't accrue to just the big guys -> if anything they accrue to smaller players disproportionately w/ inability to partner/ spend as much $ - but back here - listen. great co. great chart. - but seeing NASDAQ:MANH (a crappy NASDAQ:PLTR from what i can tell) do the crap walk into EPS, i just see scenario where any hiccup on growth sends this -10 or 15%. - so am i short it? maybe, maybe not. it's a hedge... let's say. for my exposure on NYSE:UBER , $meta... evaluating the others tn NASDAQ:MSFT (probs sidelines for me), and $tsla... god knows - earnings there r spinning the wheel of how-lucky-do-u-feel, probs a "beat". alas. gl to all. but 70x PE for low 20s EPS growth, anon, you could do a lot better and stop following the guys shilling you their bags. 2% fcf yield? okay. enjoy. hope you have a nuanced view if you're long this into print and coming months. V thinks... lower VShortby VROCKSTAR3
NOW: Bearish Signs – Harmonic Pattern Hints DeclineServiceNow (NOW): Bearish Setup Ahead of Earnings ServiceNow (NOW) is showing signs of potential bearish movement as it nears its earnings announcement on January 29. Bearish Divergence: Notable on both the daily and weekly charts, suggesting weakening momentum. Double Tops Formation: A reversal pattern indicating potential selling pressure. AB=CD Harmonic Pattern: The bearish harmonic pattern has completed, signaling a possible correction. Key Levels to Watch: A closing below $999 would indicate a break of structure, potentially targeting the rising trendline support. If you’re holding positions, consider off-loading some shares at current levels and re-evaluating after the earnings announcement. Stay vigilant and monitor price action closely. Happy trading!Shortby TradeWithParas222
Huge Earnings and Economic Surprises Ahead!🚨 Weekly Preview: Big Earnings and Economic News 🚨 Get ready for an action-packed week as we dive into major corporate earnings reports and crucial economic updates! 📊💼 🔍 Earnings Highlights: Tech giants like Apple, Microsoft, and Tesla are set to release their quarterly results. Also, goliaths such as Visa, Mastercard, ASML and more! 📈 Economic Indicators to Watch: Inflation rates 📉 GDP Growth 📊 Federal Reserve policy decisions 💵 Stay tuned for in-depth analysis and insights on how these events could shape market trends and investor sentiment. Don't miss out on the key information that could impact your financial decisions! 📅📢Long36:07by RonnieV293326
Drop on ServiceNow Inc on the Radar. NOWA five wave Elliott impulse appearing to be reaching conclusion. There is a cross of Ehler's Smoother, and Stochastic and volatility zone indicators have already turned. This is a less reliable picture, as the momentum only appears to be growing. It is prudent to stay mindful of the fact that no confirmatory levels have been crossed. 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 green or purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Professionally, we are big fans of any indicators from Jurik, De Mark and Ehlers, which we use in addendum in analysis prior to putting down positions. We prefer a combination of at least four technical factors to favor a particular stance. A stance is never decided by this constellation, rather the constellation merely confirms the stance. Trading is a true one man sport. No single confluence of indicators is truly good enough, and a professional trader's sense must be developed through a lot of hard work and over a significant period of time. Good luck out there and stay safe.Shortby Rykin_Capital0
Pre-Market Updates: NOW Long Position PotentialThis morning, ServiceNow saw a $1.2B in volume after Baird raised its Price Target for NOW to $1,250 (from $975), maintaining their Outperforming Rating. From a technical analysis perspective, for those who may not hold this currently, now could potentially be a great opportunity to either snatch some shares or prospect some option plays. Based on our 3-6 Month Price Projection from our TA, NOW is trending to see at least $1120 by early March - $1220 by early June, so options with expirations in March or June to be more conservative (with a lower delta) around the 1180-1200 Price Target would be sufficient. Holding shares would get provide a potential for 10-15% increase alone by expecting NOW to at best retest that $1157 Resistance before compressing back to the lower Yellow Support Level that we've respected and used for paste price projections which were on point based on the trend. So if we stick to trend and hear some great things from Earnings on Feb 26th, 2025 showing continued guidance upwards. Connect with us for more by visiting the links in our signature to access more tools and resources at @MyMIWallet #MyMIWalletLongby MyMIWallet2
ServiceNow, Inc: Riding the Ascending ChannelServiceNow (NOW) has been trending upwards within a well-defined ascending channel, a bullish structure that highlights the stock's ongoing momentum. The chart showcases key support, resistance levels, and potential price targets, offering actionable insights for traders and investors. Chart Analysis: Key Observations Ascending Channel Dynamics ServiceNow's price action is neatly confined within an ascending channel, with higher highs and higher lows. The lower boundary of the channel, around $1,042, acts as strong dynamic support. Key Resistance Levels and Targets Target 1: $1,106 Target 2: $1,134.80 Target 3: $1,212.02 SP: $1,042 What’s your perspective on ServiceNow’s next move? Share your insights in the comments! ⚠️ Disclaimer: This blog is for educational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.Longby niveshIQUpdated 3
One Good Trade: NOW is Showing Continued StrengthThe setup has everything we are looking for: Strong bull bar > 2 standard deviations Strong momentum on the MACD Small pullback with a potential for an aggressive entry Long01:40by JoeRodTrades0
Does $Now have further upside, or is it nearing a potential top?To project targets, I am using the following methods: Cup and Handle Pattern If we consider the price range of $709.02 - $338.24 as forming a cup and handle pattern, the price movement represents approximately a 52% increase. Projecting this on the upside sets a target of around $1078.79, which was achieved last week. A weekly close above $1122.44 will signal a potential next target at $1316.16, derived from the 2.61% Fibonacci extension applied to the range of $709.02 - $338.24. Fibonacci Extensions Using Fibonacci extensions on the same price range, the 2.61% target aligns with $1316.16 as the next significant resistance level. Key Levels: Support: The uptrend remains intact as long as $906 holds. Downside Risk: If $906 is breached, the next downside target is $709.02.by truthseeker62
$NOW looking like a perfect setup for NVDA earnings tomorrow I'm thinking this retests ~1010 level tomorrow and from there we see another leg up. Longby davidyuk70
$NOW with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:NOW after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 81.25%.Longby EPSMomentum2
MY WATCHLIST: NOWNOW, an IBD50 stock now has a setup signal. Has an excellent risk-to-reward ratio. I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(1). If triggered, I will then place a stop-loss below(2) and a price target above it(3). by StockHunter880
NOW Is The Time for ServiceNow?Nice bullish consolidation pattern after taking out the 785 resistance level. Looking for NOW to take out the 835 current resistance level for a swing towards 950. Looking at a position trade here, either buying the dip (if the market pulls back some here) or if we break 835. Longby goldbug17
ServiceNow Sneaks HigherMany big technology stocks pulled back sharply in recent weeks, but ServiceNow could be sneaking higher. The first pattern on today’s chart is the falling trendline along the highs of July 5 and 23. Strong quarterly results pushed NOW above this resistance on July 25, and it has remained there since. Second, prices have stayed above the 50- and 100-day simple moving averages (SMAs). The Nasdaq-100, in contrast, recently hit its 200-day SMA. That may reflect relative strength in the software company. Next, the shaded boxes highlight tight squeezes between the 50- and 100-day SMAs. Their current proximity is potentially reminiscent of late October, before the stock rallied to new highs. Fourth, the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. (See our 2 MA Ratio custom script in the lower study.) That could suggest the short-term trend is getting bullish. Finally, $707.60 was the previous peak in November 2021 before rate hikes triggered a bear market in tech stocks. NOW has spent most of this year fluctuating around this level. Could it finally escape long-term resistance? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. 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 or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both 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. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation7
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 760usd strike price Calls with an expiration date of 2024-8-16, for a premium of approximately $32.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptionsUpdated 2
Swing idea on simple break out termsBreak out on high volume, positive momentum, long time high. Longby laaimer0
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 TradeWithParasUpdated 0
NOW: Further Upside PotentialServiceNow is one stock I will be shorting aggressively, but that time is not now (pun intended). I see a possible PT of 933 in the coming weeks now that it's broken above $814 resistance.Longby FiboTrader110
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_Schoolfield114
$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
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