Learn to Evaluate (NOW) using the Charts
July 23, 2024, 11:54 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NOW
- Buy NOW slightly over 723.09 target 796.8 stop loss @ 721 Details
The technical summary data tells us to buy NOW near 723.09 with an upside target of 796.8. This data also tells us to set a stop loss @ 721 to protect against excessive loss in case the stock begins to move against the trade. 723.09 is the first level of support below 768.97 , and by rule, any test of support is a buy signal. In this case, support 723.09 would be being tested, so a buy signal would exist.
- Short NOW slightly under 796.8, target 723.09, stop loss @ 799.1 Details
The technical summary data is suggesting a short of NOW as it gets near 796.8 with a downside target of 723.09. We should have a stop loss in place at 799.1though. 796.8 is the first level of resistance above 768.97, and by rule, any test of resistance is a short signal. In this case, if resistance 796.8 is being tested, so a short signal would exist.
Swing Trading Plans for NOW
- Buy NOW slightly over 796.8, target 869.47, Stop Loss @ 794.5 Details
If 796.8 begins to break higher, the technical summary data tells us to buy NOW just slightly over 796.8, with an upside target of 869.47. The data also tells us to set a stop loss @ 794.5 in case the stock turns against the trade. 796.8 is the first level of resistance above 768.97, and by rule, any break above resistance is a buy signal. In this case, 796.8, 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 796.8, target 762.62, Stop Loss @ 799.1. Details
The technical summary data is suggesting a short of NOW if it tests 796.8 with a downside target of 762.62. We should have a stop loss in place at 799.1 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, 796.8, 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 796.8, target 869.47, Stop Loss @ 794.94 Details
If 796.8 begins to break higher, the technical summary data tells us to buy NOW just slightly over 796.8, with an upside target of 869.47. The data also tells us to set a stop loss @ 794.94 in case the stock turns against the trade. 796.8 is the first level of resistance above 768.97, and by rule, any break above resistance is a buy signal. In this case, 796.8, 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 796.8, target 762.62, Stop Loss @ 798.66. Details
The technical summary data is suggesting a short of NOW if it tests 796.8 with a downside target of 762.62. We should have a stop loss in place at 798.66 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, 796.8, 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 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
723.09 |
| P2 |
741.49 |
727.12 |
796.8 |
| P3 |
762.51 |
762.62 |
869.47 |
AI Generated Signals for NOW
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Servicenow Inc. (NYSE: NOW) report below can help you understand how to do this. The trading plans for NOW, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NOW:
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