ServiceNow Technical Analysis (NYSE:NOW)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the ServiceNow stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the NOW stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for ServiceNow. The technical analysis form of ServiceNow stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
ServiceNow Moving Average
Moving averages help predict the price direction of NOW stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $188.79 is above the price of $184.45.
ServiceNow Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the NOW stock. ServiceNow bollinger bands show that the stock price is $184.45, upper band is 202.89, lower band is 174.7, and the average is 188.79.
ServiceNow Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The ServiceNow MACD indicator is above 0 indicating a bullish trend.
ServiceNow Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of NOW stock is 41.71.