ServiceNow stock: buy or sell
Updated on:
Jan 27th, 2021
2
ServiceNow stock brief
- ServiceNow closed on Tuesday at $532.46 (-1.01%) prior to reporting earnings on Wednesday at 16:00
- Cowen, OTR Global and The Goldman Sachs Group posted strong bullish ratings for ServiceNow last Friday, with an average forecast of $635.00
- ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide.
Should I buy ServiceNow stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $NOW stock a buy?
In the current situation of ServiceNow there is not any eligible buy setup. This doesn't mean we expect a selloff for $NOW in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell ServiceNow stock?
When you are a novel trader and you own a stock with some profit, it's really difficult to decide the correct moment to sell and get your benefits. Trading strategies allow us to avoid rash decisions based on our personal sentiments or the noise surrounding the market. When selling, as well as buying, our strategies are very easy to follow and are only applicable for selling stocks you already own, not for selling short $NOW stock
A guiding principle is that you should not keep an operation that shows a higher than expected losses upon purchase. The timing to sell your stock always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell ServiceNow stock?
Currently, ServiceNow stock doesn't match any of our preferred sell setups, so if you own ServiceNow stock and your operation is in profit probably is not time to sell now
ServiceNow ratings
In the last 30 days, 6 brokerage ratings were published for ServiceNow
| Brokerage firm | Rating |
|---|---|
| Jan 5th, 2021 | |
| Piper Sandler | Neutral |
| Jan 14th, 2021 | |
| Oppenheimer | |
| Jan 15th, 2021 | |
| Credit Suisse Group | Buy |
| Jan 22nd, 2021 | |
| Cowen | Neutral |
| OTR Global | Buy |
| The Goldman Sachs Group | |
ServiceNow stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Relative strength index
When the moves for so long below 70 and above 30, without any indication of overbought and oversold, the indicator turns out to be of little use, and we currently are in one of these cases.
ServiceNow stock price history
ServiceNow started trading priced at an adjusted price1 of $23.75 on Jun 2012. Since then, NOW stock surged by 2,141.94%, with an average of 267.74% per year. An investment of thousand dollars at that time would have a value of $22,419.37 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for ServiceNow stock
Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
The following table shows the price predictions released by brokerage institutions in the last 30 days. If you are a small investor you must not trade based on these projections.
There are 5 price predictions published for ServiceNow that average $606.00. ServiceNow closed at $532.46 on Tuesday, so the target price is forecasting a growth by 13.81%.
| Brokerage firm | Price target |
|---|---|
| Jan 5th, 2021 | |
| Piper Sandler | $500.00 → $550.00 |
| Jan 14th, 2021 | |
| Oppenheimer | $600.00 |
| Jan 15th, 2021 | |
| Credit Suisse Group | $560.00 → $610.00 |
| Jan 22nd, 2021 | |
| Cowen | $575.00 → $600.00 |
| OTR Global | Not available |
| The Goldman Sachs Group | $670.00 |
Earnings and financials
ServiceNow performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| ServiceNow ($NOW) | -4.10% | 2.80% | 22.40% |
Important:
The viewpoints given in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the individual scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for education reasons onlyServiceNow summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $540 |
| Close | $532.46 |
| Day range | $530.61 - $540.78 |
| Previous close | $537.88 |
| Session gain | -1.01% |
| Average true range | $19.88 |
| 50d mov avg | $530.47 |
| 100d mov avg | $509.67 |
| 200d mov avg | $452.81 |
| Earnings date | January 27th, 2021 |