How the (NOW) price action is used to our Advantage
June 23, 2024, 12:24 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NOW
- Buy NOW slightly over 710.05 target 784.3 stop loss @ 708 Details
The technical summary data tells us to buy NOW near 710.05 with an upside target of 784.3. This data also tells us to set a stop loss @ 708 to protect against excessive loss in case the stock begins to move against the trade. 710.05 is the first level of support below 749.33 , and by rule, any test of support is a buy signal. In this case, support 710.05 would be being tested, so a buy signal would exist.
- Short NOW slightly under 784.3, target 710.05, stop loss @ 786.57 Details
The technical summary data is suggesting a short of NOW as it gets near 784.3 with a downside target of 710.05. We should have a stop loss in place at 786.57though. 784.3 is the first level of resistance above 749.33, and by rule, any test of resistance is a short signal. In this case, if resistance 784.3 is being tested, so a short signal would exist.
Swing Trading Plans for NOW
- Buy NOW slightly over 784.3, target 856.54, Stop Loss @ 782.03 Details
If 784.3 begins to break higher, the technical summary data tells us to buy NOW just slightly over 784.3, with an upside target of 856.54. The data also tells us to set a stop loss @ 782.03 in case the stock turns against the trade. 784.3 is the first level of resistance above 749.33, and by rule, any break above resistance is a buy signal. In this case, 784.3, 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 784.3, target 747.39, Stop Loss @ 786.57. Details
The technical summary data is suggesting a short of NOW if it tests 784.3 with a downside target of 747.39. We should have a stop loss in place at 786.57 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, 784.3, 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 784.3, target 856.54, Stop Loss @ 782.47 Details
If 784.3 begins to break higher, the technical summary data tells us to buy NOW just slightly over 784.3, with an upside target of 856.54. The data also tells us to set a stop loss @ 782.47 in case the stock turns against the trade. 784.3 is the first level of resistance above 749.33, and by rule, any break above resistance is a buy signal. In this case, 784.3, 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 784.3, target 747.39, Stop Loss @ 786.13. Details
The technical summary data is suggesting a short of NOW if it tests 784.3 with a downside target of 747.39. We should have a stop loss in place at 786.13 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, 784.3, 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 June 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
710.05 |
| P2 |
737.08 |
734.71 |
784.3 |
| P3 |
745.13 |
747.39 |
856.54 |
AI Generated Signals for NOW
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Servicenow Inc. (NYSE: NOW) data table below can help you with price action, and we have more details too. Trading plans for NOW are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NOW:
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