When (NOW) Moves Investors should Listen
June 01, 2024, 21:10 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NOW
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short NOW slightly under 725.98, target n/a, stop loss @ 728.08 Details
The technical summary data is suggesting a short of NOW as it gets near 725.98, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 728.08. 725.98 is the first level of resistance above 656.93, and by rule, any test of resistance is a short signal. In this case, if resistance 725.98 is being tested, so a short signal would exist.
Swing Trading Plans for NOW
- Buy NOW slightly over 713.99, target 725.98, Stop Loss @ 711.93 Details
If 713.99 begins to break higher, the technical summary data tells us to buy NOW just slightly over 713.99, with an upside target of 725.98. The data also tells us to set a stop loss @ 711.93 in case the stock turns against the trade. 713.99 is the first level of resistance above 656.93, and by rule, any break above resistance is a buy signal. In this case, 713.99, 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 713.99, target 652.32, Stop Loss @ 716.05. Details
The technical summary data is suggesting a short of NOW if it tests 713.99 with a downside target of 652.32. We should have a stop loss in place at 716.05 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, 713.99, 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 713.99, target 725.98, Stop Loss @ 712.32 Details
If 713.99 begins to break higher, the technical summary data tells us to buy NOW just slightly over 713.99, with an upside target of 725.98. The data also tells us to set a stop loss @ 712.32 in case the stock turns against the trade. 713.99 is the first level of resistance above 656.93, and by rule, any break above resistance is a buy signal. In this case, 713.99, 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 713.99, target 656.07, Stop Loss @ 715.66. Details
The technical summary data is suggesting a short of NOW if it tests 713.99 with a downside target of 656.07. We should have a stop loss in place at 715.66 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, 713.99, 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 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
725.98 |
| P2 |
616.11 |
652.32 |
789.16 |
| P3 |
656.07 |
713.99 |
853.15 |
AI Generated Signals for NOW
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Servicenow Inc. (NYSE: NOW) report below is a real world example. Included are trading plans for NOW, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NOW:
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