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Trading (NOW) With Integrated Risk Controls

July 03, 2024, 10:42 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NOW

Buy NOW slightly over 790.8 target 862.61 stop loss @ 788.52 Details

The technical summary data tells us to buy NOW near 790.8 with an upside target of 862.61. This data also tells us to set a stop loss @ 788.52 to protect against excessive loss in case the stock begins to move against the trade. 790.8 is the first level of support below 792.94 , and by rule, any test of support is a buy signal. In this case, support 790.8 is being tested, a buy signal would exist.

Short NOW slightly under 862.61, target 790.8, stop loss @ 865.1 Details

The technical summary data is suggesting a short of NOW as it gets near 862.61 with a downside target of 790.8. We should have a stop loss in place at 865.1though. 862.61 is the first level of resistance above 792.94, and by rule, any test of resistance is a short signal. In this case, if resistance 862.61 is being tested, a short signal would exist.

Swing Trading Plans for NOW

Buy NOW slightly over 798.88, target 862.61, Stop Loss @ 796.57 Details

If 798.88 begins to break higher, the technical summary data tells us to buy NOW just slightly over 798.88, with an upside target of 862.61. The data also tells us to set a stop loss @ 796.57 in case the stock turns against the trade. 798.88 is the first level of resistance above 792.94, and by rule, any break above resistance is a buy signal. In this case, 798.88, 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 798.88, target 790.8, Stop Loss @ 801.19. Details

The technical summary data is suggesting a short of NOW if it tests 798.88 with a downside target of 790.8. We should have a stop loss in place at 801.19 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, 798.88, 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 798.88, target 802.29, Stop Loss @ 797.02 Details

If 798.88 begins to break higher, the technical summary data tells us to buy NOW just slightly over 798.88, with an upside target of 802.29. The data also tells us to set a stop loss @ 797.02 in case the stock turns against the trade. 798.88 is the first level of resistance above 792.94, and by rule, any break above resistance is a buy signal. In this case, 798.88, 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 798.88, target 790.8, Stop Loss @ 800.74. Details

The technical summary data is suggesting a short of NOW if it tests 798.88 with a downside target of 790.8. We should have a stop loss in place at 800.74 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, 798.88, 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 July 03:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	717.19
P2	790.13	783.91	790.8
P3	802.29	798.88	862.61

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AI Generated Signals for NOW

Blue = Current Price
Red= Resistance
Green = Support

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Servicenow Inc. (NYSE: NOW) report below can help you, but we have more details too. The trading plans for NOW, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Fundamental Charts for NOW: