How To Trade (NOW)

March 03, 2024, 22:12 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NOW

• Buy NOW slightly over 746.96 target 798.99 stop loss @ 744.8 Details

The technical summary data tells us to buy NOW near 746.96 with an upside target of 798.99. This data also tells us to set a stop loss @ 744.8 to protect against excessive loss in case the stock begins to move against the trade. 746.96 is the first level of support below 773.63 , and by rule, any test of support is a buy signal. In this case, support 746.96 is being tested, a buy signal would exist.

• Short NOW slightly under 798.99, target 746.96, stop loss @ 801.3 Details

The technical summary data is suggesting a short of NOW as it gets near 798.99 with a downside target of 746.96. We should have a stop loss in place at 801.3though. 798.99 is the first level of resistance above 773.63, and by rule, any test of resistance is a short signal. In this case, if resistance 798.99 is being tested, a short signal would exist.

Swing Trading Plans for NOW

• Buy NOW slightly over 783.52, target 798.99, Stop Loss @ 781.26 Details

If 783.52 begins to break higher, the technical summary data tells us to buy NOW just slightly over 783.52, with an upside target of 798.99. The data also tells us to set a stop loss @ 781.26 in case the stock turns against the trade. 783.52 is the first level of resistance above 773.63, and by rule, any break above resistance is a buy signal. In this case, 783.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NOW slightly near 783.52, target 750.14, Stop Loss @ 785.78. Details

The technical summary data is suggesting a short of NOW if it tests 783.52 with a downside target of 750.14. We should have a stop loss in place at 785.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 783.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NOW

• Buy NOW slightly over 775.06, target 783.52, Stop Loss @ 773.25 Details

If 775.06 begins to break higher, the technical summary data tells us to buy NOW just slightly over 775.06, with an upside target of 783.52. The data also tells us to set a stop loss @ 773.25 in case the stock turns against the trade. 775.06 is the first level of resistance above 773.63, and by rule, any break above resistance is a buy signal. In this case, 775.06, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NOW slightly near 775.06, target 756.56, Stop Loss @ 776.87. Details

The technical summary data is suggesting a short of NOW if it tests 775.06 with a downside target of 756.56. We should have a stop loss in place at 776.87 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 775.06, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Servicenow Inc. (NOW) available here: NOW.

NOW Ratings for March 03:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	695.13
P2	756.56	750.14	746.96
P3	775.06	783.52	798.99

AI Generated Signals for NOW

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This report provides trading strategies for Servicenow Inc. (NYSE: NOW) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NOW change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NOW is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NOW too.  All of these are offered below the Summary Table.