Learn to Evaluate (NOW) using the Charts
March 24, 2024, 13:20 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NOW
- Buy NOW slightly over 765.82 target 820.05 stop loss @ 763.61 Details
The technical summary data tells us to buy NOW near 765.82 with an upside target of 820.05. This data also tells us to set a stop loss @ 763.61 to protect against excessive loss in case the stock begins to move against the trade. 765.82 is the first level of support below 774.15 , and by rule, any test of support is a buy signal. In this case, support 765.82 is being tested, a buy signal would exist.
- Short NOW slightly under 820.05, target 765.82, stop loss @ 822.42 Details
The technical summary data is suggesting a short of NOW as it gets near 820.05 with a downside target of 765.82. We should have a stop loss in place at 822.42though. 820.05 is the first level of resistance above 774.15, and by rule, any test of resistance is a short signal. In this case, if resistance 820.05 is being tested, a short signal would exist.
Swing Trading Plans for NOW
- Buy NOW slightly over 783.89, target 820.05, Stop Loss @ 781.63 Details
If 783.89 begins to break higher, the technical summary data tells us to buy NOW just slightly over 783.89, with an upside target of 820.05. The data also tells us to set a stop loss @ 781.63 in case the stock turns against the trade. 783.89 is the first level of resistance above 774.15, and by rule, any break above resistance is a buy signal. In this case, 783.89, 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 783.89, target 765.82, Stop Loss @ 786.15. Details
The technical summary data is suggesting a short of NOW if it tests 783.89 with a downside target of 765.82. We should have a stop loss in place at 786.15 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, 783.89, 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 774.69, target 783.89, Stop Loss @ 772.88 Details
If 774.69 begins to break higher, the technical summary data tells us to buy NOW just slightly over 774.69, with an upside target of 783.89. The data also tells us to set a stop loss @ 772.88 in case the stock turns against the trade. 774.69 is the first level of resistance above 774.15, and by rule, any break above resistance is a buy signal. In this case, 774.69, 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 774.69, target 765.82, Stop Loss @ 776.5. Details
The technical summary data is suggesting a short of NOW if it tests 774.69 with a downside target of 765.82. We should have a stop loss in place at 776.5 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, 774.69, 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 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
711.81 |
| P2 |
774.69 |
752.49 |
765.82 |
| P3 |
786.53 |
783.89 |
820.05 |
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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