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12/07/2023 16:12:00 EST
ServiceNow Inc (NOW)
Industry: Software - Application
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, NOW has been trading in a range between $673.90 and $530.17 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
NOW is trading below resistance at $690.79, about 0% to the upside. There is support at $582.38 -15% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
ServiceNow Inc (NOW) entered a Green zone 28 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.595, which is a Strong Buy. The current analyst target price is $640.91, which gives it a potential down side of -6.8 % from the recent price of 687.68. The stock is trading 1.12% (potential upside) below its 52 week high of $695.39 and 94.47 % (potential downside) above its 52 week low of $353.62 - based on the recent price.
Company Summary
ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. The company operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.
News
| ServiceNow, Inc. (NOW) Management Presents at Barclays Global Technology Conference (Transcript) ServiceNow, Inc. (NYSE:NOW ) Barclays Global Technology Conference Transcript December 6, 2023 3:10 PM ET Executives Bill McDermott - Chairman and CEO Analysts Unidentified Analyst Okay. Why don't we -- if everybody could just grab a seat. Source: Seeking Alpha Wed, 06 Dec 2023 19:24:07 -0500 Sentiment: Neutral |
| Technology Holdings advises ServiceNow Elite Partner Unifii on its strategic sale to Bain Capital backed Inetum LONDON--(BUSINESS WIRE)--Technology Holdings, a global investment bank with offices in North America, Europe and the Asia-Pacific is pleased to announce that it has acted as the exclusive financial advisor to London headquartered Elite ServiceNow partner, Unifii on its strategic sale to Bain Capital backed Inetum, which is headquartered in France. Unifii is the largest independent Elite ServiceNow partner in the United Kingdom and Ireland, and is recognized for its unparalleled expertise in sup. Source: Business Wire Wed, 06 Dec 2023 13:55:00 -0500 Sentiment: Neutral |
| Tech Set to Roar in 2024 After an Astounding 2023: 5 Top Picks We have narrowed our search to five technology behemoth that have strong potential for 2024. These are: NVDA,INTC, AVGO, SNPS, NOW. Source: Zacks Investment Research Wed, 06 Dec 2023 09:46:28 -0500 Sentiment: Positive |
| Cloud Computing Kings: 3 Companies Outperforming AWS and Azure Cloud computing has helped companies save money and improve efficiency. This technology is the backbone of many corporations and is one of the last expenses these entities will cut. Source: InvestorPlace Wed, 06 Dec 2023 05:00:00 -0500 Sentiment: Positive |
| 5 Top-Ranked Stocks Pushing S&P 500 to 2023 Peak After several twists and turns, the S&P 500 set a record high of 2023. Nvidia (NVDA), Royal Caribbean (RCL), Arista Networks (ANET), ServiceNow (NOW) and Amazon (AMZN) have gained more than 75%. Source: Zacks Investment Research Tue, 05 Dec 2023 09:46:23 -0500 Sentiment: Positive |
Technicals 52 Week Hi: 695.39 52 Week Low: 353.62 Beta: 1.028 50 Day MA: 602.8526 200 Day MA: 538.0361 Earnings / Revenue Trends Qtr Earnings Growth YOY: 2 Qtr Revenue Growth YOY: 0.25 Forward PE: 54.3478 Trailing PE: 88.1381