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Hit New Highs With Latest Gains Backed by Light Volume - Friday, February 5, 2021
ServiceNow Inc (NOW +$0.75 or +0.13% to $589.73) hit new 52-week and all-time highs with today's quiet gain. Gains this week cleared a new 6-week flat base. A new pivot point was not cited due to fundamental concerns noted as its impressive rally has continued. It gapped up on 1/28/21 promptly rebounding above its 50-day moving average (DMA) line ($538.84). But fundamental concerns remain after it reported Dec '20 quarterly earnings +22% on +31% sales revenues versus the year ago period, its 2nd consecutive comparison below the +25% minimum guideline (C criteria) of the fact-based investment system.A slump in the group has raised some concerns regarding the L criteria. The Computer Software - Enterprise group currently has a Group Relative Strength Rating of B- (52). It was last shown in this FSU section on 1/08/21 with an annotated graph under the headline, "Gain Today and Rebound Above 50-Day Moving Average Line"
It reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period and prior results had been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 97. NOW has a new CEO as of 1/01/20.
NOW traded up as much as +65.2% since first highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.509 in Dec '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and a Sponsorship Rating of B. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under slight accumulation over the past 50 days.
Charts courtesy www.stockcharts.com
Gain Today and Rebound Above 50-Day Moving Average Line - Friday, January 8, 2021
ServiceNow Inc (NOW +$18.23 or +3.56% to $529.64) volume was near average behind today's big gain as it rebounded above its 50-day moving average (DMA) line ($524) helping its outlook improve. Recently it reported Sep '20 quarterly earnings +22% on +30% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria) of the fact-based investment system, raising fundamental concerns.A slump in the group has raised some concerns regarding the L criteria. The Computer Software - Enterprise group currently has a Group Relative Strength Rating of D+ (24), down from B- (52) when last shown in this FSU section on 12/17/20 with an annotated graph under the headline, "Hit New Record High With Light Volume Behind Gain".
It reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period and prior results had been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 98. NOW has a new CEO as of 1/01/20.
NOW traded up as much as +65.2% since first highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.470 in Sep '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and a Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under slight accumulation over the past 50 days.
Charts courtesy www.stockcharts.com
Hit New Record High With Light Volume Behind Gain - Thursday, December 17, 2020
ServiceNow Inc (NOW +$9.07 or +1.66% to $554.07) posted a gain today with light volume for a new all-time high. It found prompt support near its 50-day moving average (DMA) line ($516.52) and stubbornly held its ground in recent weeks. Recently it reported Sep '20 quarterly earnings +22% on +30% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria) of the fact-based investment system.It reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period and prior results had been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 98. The Computer Software - Enterprise group has a Group Relative Strength Rating of B- (52). NOW has a new CEO as of 1/01/20.
NOW traded up as much as +61.5% since first highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 11/24/20 with an annotated graph under the headline, ""Consolidating Above 50-Day Average Still Perched Near All-Time High". The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.489 in Sep '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and a Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days.
Charts courtesy www.stockcharts.com
Consolidating Above 50-Day Average Still Perched Near All-Time High - Tuesday, November 24, 2020
ServiceNow Inc (NOW -$7.42 or -1.42% to $514.69) is consolidating above its 50-day moving average (DMA) line ($498.46) while still hovering near its all-time high. It recently retested the prior low ($472 on 11/03/20) noted as important support where a damaging violation raises greater concerns.Recently it reported Sep '20 quarterly earnings +22% on +30% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria) of the fact-based investment system. It reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period and prior results had been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 98. The Computer Software - Enterprise group has a Group Relative Strength Rating of 71, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
NOW traded up as much as +56.7% since first highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 10/29/20 with an annotated graph under the headline, "Found Prompt Support at 50 DMA Line After Earnings News". The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.455 in Sep '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and a Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days.
Charts courtesy www.stockcharts.com
Found Prompt Support at 50 DMA Line After Earnings News - Thursday, October 29, 2020
ServiceNow Inc (NOW +$26.54 or +5.48% to $510.59) posted a solid volume-driven gain today. It reported Sep '20 quarterly earnings +22% on +30% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria) of the fact-based investment system. It gapped up after testing and finding prompt support at its 50-day moving average (DMA) line ($483.77) with 3 consecutive volume-driven losses. Subsequent losses below the 50 DMA line and prior low ($432.85 on 9/08/20) would raise concerns and trigger technical sell signals.It reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period prior results had been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 96, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
NOW traded up as much as +55.4% since first highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 10/13/20 with an annotated graph under the headline, "Record High With Light Volume Behind 3rd Consecutive Gain". The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.396 in Sep '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of A. Its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have been under distributional pressure over the past 50 days.
Charts courtesy www.stockcharts.com
Record High With Light Volume Behind 3rd Consecutive Gain - Tuesday, October 13, 2020
ServiceNow Inc (NOW +$9.21 or +1.81% to $518.30) posted a gain 3rd consecutive today with below average volume for yet another new all-time high. Found support at its 50-day moving average (DMA) line ($465.49) during the recent consolidation but did not form a new base of sufficient length. Fundamentals remain strong. Any losses below the 50 DMA line and prior low ($432.85 on 9/08/20) would raise concerns and trigger technical sell signals.Keep in mind it is due to report Sep '20 quarterly results on 10/28/20. It reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period. Results have been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 93, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
NOW is up+51% since first highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 9/25/20 with an annotated graph under the headline, "Gain Back Above "Max Buy" Level for ServiceNow". The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.382 in Jun '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days.
Charts courtesy www.stockcharts.com
Gain Back Above "Max Buy" Level for ServiceNow - Friday, September 25, 2020
ServiceNow Inc (NOW +$19.85 or +4.31% to $479.97) posted a big gain with below average volume, rallying back above its "max buy" level, and its color code was changed to green. Volume totals have generally been cooling while showing resilience and finding support above its 50-day moving average (DMA) line ($450.72). Any damaging losses below the 50 DMA line and prior low ($432.85 on 9/08/20) may raise concerns and trigger a technical sell signal.Fundamentals remain strong. Recently it reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period. Results have been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 90, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
NOW has traded up as much as +46.28% since first highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 9/14/20 with an annotated graph under the headline, "Tested Support at 50-Day Moving Average Line". The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.295 in Jun '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of A. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days.
Charts courtesy www.stockcharts.com
Tested Support at 50-Day Moving Average Line - Monday, September 14, 2020
ServiceNow Inc (NOW +$12.16 or +2.73% to $458.06) found prompt support after briefly undercutting the prior high ($454) and testing support at its 50-day moving average (DMA) line ($442.42). More damaging losses may raise concerns and trigger a technical sell signal.Fundamentals remain strong. Recently it reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period. Results have been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 92, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
NOW has traded up as much as +46.28% since first highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 8/28/20 with an annotated graph under the headline, "Quiet Gain to New High for Computer Software Firm". The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.285 in Jun '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days.
Charts courtesy www.stockcharts.com
Quiet Gain to New High for Computer Software Firm - Friday, August 28, 2020
ServiceNow Inc (NOW +$7.32 or +1.52% to $487.87) hit another new all-time high today with light volume behind its gain, getting more extended from the latest base noted. On pullbacks, the prior high ($454) defines initial support to watch above its 50 DMA line ($429.88).Subsequent losses leading to violations may trigger technical sell signals.Fundamentals remain strong. Recently it reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period. Results have been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 96, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
NOW is up +42.2 from when it was highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 8/13/20 with an annotated graph under the headline, "Consolidating Above 50-Day Average After Another Strong Quarter". The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.254 in Jun '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days.
Charts courtesy www.stockcharts.com
Consolidating Above 50-Day Average After Another Strong Quarter - Thursday, August 13, 2020
ServiceNow Inc (NOW +$11.29 or +2.64% to $438.42) is consolidating above its 50-day moving average (DMA) line ($413.78) which defines important near-term support to watch. Subsequent losses leading to a violation may trigger a technical sell signal.Recently it reported Jun '20 quarterly earnings +73% on +28% sales revenues versus the year ago period. Results have been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 96, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
NOW is up +28.7% from when it was highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 7/22/20 with an annotated graph under the headline, "Perched Near All-Time High With Earnings News Due Next Week". The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.244 in Jun '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.
Charts courtesy www.stockcharts.com
Perched Near All-Time High With Earnings News Due Next Week - Wednesday, July 22, 2020
ServiceNow Inc (NOW +$4.38 or +1.00% to $441.60) is perched near its all-time high. On 7/20/20 it posted a big gain for a new high backed by +72% above average volume. It has not formed a sound base. Its 50-day moving average (DMA) line ($398) defines important near-term support to watch where a violation may trigger a technical sell signal.Keep in mind that the company is due to report earnings results for the Jun '20 quarter on 7/29/20. Volume and volatility often increase near earnings news. NOW is up +28.7% from when it was highlighted in yellow in the 4/30/20 mid-day report with a pivot point based on its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 6/25/20 with an annotated graph under the headline, "Hovering Near All-Time High With Volume Totals Cooling".
Annual earnings (A criteria) growth has been strong since FY '15. Quarterly comparisons through Mar '20 versus the year ago periods have been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 98. The Computer Software - Enterprise group has a Group Relative Strength Rating of 99, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.188 in Jun '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of A. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.
Charts courtesy www.stockcharts.com
Hovering Near All-Time High With Volume Totals Cooling - Thursday, June 25, 2020
ServiceNow Inc (NOW +$8.71 or +2.22% to $401.64) posted a gain today with light volume. Volume totals have generally been cooling while hovering in a tight trading range perched near its all-time high, stubbornly holding its ground. It is extended from any sound base. Its 50-day moving average (DMA) line ($365.92) and prior highs in the $362 area define important near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.NOW was highlighted in yellow with new pivot point cited based on its 2/19/20 high plus 10 cents in the 4/30/20 mid-day report (read here). It was last shown in this FSU section on 6/04/20 with an annotated graph under the headline, "Quiet Pullback Below "Max Buy" Level for NOW".
Annual earnings (A criteria) growth has been strong since FY '15. Quarterly comparisons through Mar '20 versus the year ago periods have been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 98. The Computer Software - Enterprise group has a Group Relative Strength Rating of 99, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.100 in Mar '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.
Charts courtesy www.stockcharts.com
Quiet Pullback Below "Max Buy" Level for NOW - Thursday, June 4, 2020
ServiceNow Inc's (NOW -$11.14 or -2.87% to $376.95) color code was changed to yellow after pulling back below the "max buy" level with today's loss on below average volume. Recent gains above the pivot point were not backed by volume. Prior highs in the $362 area define initial support to watch on pullbacks. Disciplined investors know that gains above the pivot point should be backed by at least +40% above average volume to clinch a proper technical buy signal. Subsequent volume-driven gains would be a reassuring sign of fresh institutional buying demand which could lead to a sustained and meaningful price advance.NOW was highlighted in yellow with new pivot point cited based on its 2/19/20 high plus 10 cents in the 4/30/20 mid-day report (read here). It was last shown in this FSU section on 5/14/20 with an annotated graph under the headline, "Consolidating Near Prior High After Wedging Into New High Ground". It went through some choppy consolidations yet has maintained its strong fundamentals since dropped from the Featured Stocks list on 8/02/19.
Annual earnings (A criteria) growth has been strong since FY '15. Quarterly comparisons through Mar '20 versus the year ago periods have been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 97. The Computer Software - Enterprise group has a Group Relative Strength Rating of 99, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.095 in Mar '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.
Charts courtesy www.stockcharts.com
Consolidating Near Prior High After Wedging Into New High Ground - Thursday, May 14, 2020
ServiceNow Inc (NOW +$6.54 or +1.81% to $367.83) posted a gain today with light volume. It recently pulled back from its all-time high and briefly undercut the prior high. It had wedged into new high territory with gains lacking great volume conviction. Disciplined investors know that gains above the pivot point should be backed by at least +40% above average volume to clinch a proper technical buy signal. Subsequent volume-driven gains would be a reassuring sign of fresh institutional buying demand which could lead to a sustained and meaningful price advance.NOW was highlighted in yellow with new pivot point cited based on its 2/19/20 high plus 10 cents in the 4/30/20 mid-day report (read here). It rebounded toward its high with a gap up and big volume-driven gain, working on the right side of an 11-week cup-shaped base. It was last shown in this FSU section on 7/31/19 with an annotated graph under the headline, "Slumped Below 50-Day Average With Loss on Higher Volume". It went through some choppy consolidations yet has maintained its strong fundamentals since dropped from the Featured Stocks list on 8/02/19.
Annual earnings (A criteria) growth has been strong since FY '15. Quarterly comparisons through Mar '20 versus the year ago periods have been routinely above the +25% minimum earnings guideline (C criteria). It has an Earnings Per Share Rating of 97. The Computer Software - Enterprise group has a Group Relative Strength Rating of 99, a reassuring sign concerning the L criteria. NOW has a new CEO as of 1/01/20.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 2.041 in Mar '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of A. However, its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have faced slight distributional pressure over the past 50 days.
Charts courtesy www.stockcharts.com
Fundamental Strength Continues; Volume Heavy Behind Big Gain - Thursday, April 30, 2020
ServiceNow Inc (NOW +$29.55 or +9.18% to $351.54) was highlighted in yellow with new pivot point cited based on its 2/19/20 high plus 10 cents in the earlier mid-day repot (read here). It rebounded toward its all-time high with today's gap up and big volume-driven gain, working on the right side of an 11-week cup-shaped base. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal.NOW has a new CEO as of 1/01/20. It was last shown in this FSU section on 7/31/19 with an annotated graph under the headline, "Slumped Below 50-Day Average With Loss on Higher Volume". It went through some choppy consolidations yet has maintained its strong fundamentals since dropped from the Featured Stocks list on 8/02/19.
Annual earnings (A criteria) growth has been strong since FY '15. It has an Earnings Per Share Rating of 97. The Computer Software - Enterprise group has a Group Relative Strength Rating of 96, a reassuring sign concerning the L criteria.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,975 in Mar '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B. However, its current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have faced distributional pressure over the past 50 days.
Charts courtesy www.stockcharts.com
Slumped Below 50-Day Average With Loss on Higher Volume - Wednesday, July 31, 2019
ServiceNow Inc (NOW -$3.61 or -1.28% to $277.39) slumped to a close below its 50-day moving average (DMA) line ($280) with today's loss on higher volume raising concerns. It also undercut its 7/29/19 low ($275.59) yet rebounded to end the session in the middle of its intra-day range.
Last week it reported earnings +45% on +32% sales revenues for the Jun '19 quarter, above the +25% minimum earnings guideline (C criteria). That was a welcome improvement after earnings rose +20% on +34% sales revenues for the Mar '19 quarter..
NOW was last shown in this FSU section on 6/26/19 with an annotated graph under the headline, "Pulling Back After Wedging to New Highs". It was highlighted in yellow with pivot point cited based on its 9/13/18 high plus 10 cents when highlighted in the 1/31/19 mid-day report (read here) as it triggered a technical buy signal with a big "breakaway gap". Bullish action came after it reported earnings +79% on +30% sales revenues for the Dec '18 quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline.
Annual earnings (A criteria) growth has been strong since FY '15. It has an Earnings Per Share Rating of 97. The Computer Software - Enterprise group has a Group Relative Strength Rating of 98, a reassuring sign concerning the L criteria.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,637 in Mar '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B. However, its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have faced mild distributional pressure over the past 50 days.
Charts courtesy www.stockcharts.com
Pulling Back After Wedging to New Highs - Wednesday, June 26, 2019
ServiceNow Inc (NOW -$0.02 or -0.01% to $275.34) is extended from any sound base and recently wedged into new high territory with gains lacking great volume-conviction. It has pulled back from its all-time high with 4 consecutive losses. Its 50-day moving average (DMA) line ($266) and recent low ($246.02 on 6/03/19) define near-term support to watch. Recently it reported earnings +20% on +34% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
NOW was last shown in this FSU section on 5/29/19 with an annotated graph under the headline, "Leader Consolidating Above 50-Day Moving Average Line". It was highlighted in yellow with pivot point cited based on its 9/13/18 high plus 10 cents when highlighted in the 1/31/19 mid-day report (read here) as it triggered a technical buy signal with a big "breakaway gap". Bullish action came after it reported earnings +79% on +30% sales revenues for the Dec '18 quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria).
Annual earnings (A criteria) growth has been strong since FY '15. It has an Earnings Per Share Rating of 97. The Computer Software - Enterprise group has a Group Relative Strength Rating of 99, a reassuring sign concerning the L criteria.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,619 in Mar '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B.
Charts courtesy www.stockcharts.com
Leader Consolidating Above 50-Day Moving Average Line - Wednesday, May 29, 2019
ServiceNow Inc (NOW -$2.46 or -0.92% to $264.19) is consolidating near its all-time high. It remains perched well above its 50-day moving average (DMA) line ($255.12) and prior high ($251.65 on 3/21/19) which define important near-term support to watch on pullbacks. More damaging losses would raise concerns and trigger technical sell signals. Recently it reported earnings +20% on +34% sales revenues for the Mar '19 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
NOW was last shown in this FSU section on 4/15/19 with an annotated graph under the headline, "Found Recent Support at 50-Day Moving Average". It was highlighted in yellow with pivot point cited based on its 9/13/18 high plus 10 cents when highlighted in the 1/31/19 mid-day report (read here) as it triggered a technical buy signal with a big "breakaway gap". Bullish action came after it reported earnings +79% on +30% sales revenues for the Dec '18 quarter. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria).
Annual earnings (A criteria) growth has been strong since FY '15. It has an Earnings Per Share Rating of 97. The Computer Software - Enterprise group has a Group Relative Strength Rating of 99, a reassuring sign concerning the L criteria.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,563 in Mar '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B.
Charts courtesy www.stockcharts.com
Found Recent Support at 50-Day Moving Average - Monday, April 15, 2019
ServiceNow Inc (NOW -$0.51 or -0.21% to $243.79) is extended from any sound base, finding support at its 50-day moving average (DMA) line ($238) recently. Below that important short-term average the recent low ($226.71 on 3/08/19) defines near-term support to watch. More damaging losses would raise concerns and trigger technical sell signals.
It was last shown in this FSU section on 3/06/19 with an annotated graph under the headline, "Pulling Back After 6 Straight Weekly Gains". It was highlighted in yellow with pivot point cited based on its 9/13/18 high plus 10 cents when highlighted in the 1/31/19 mid-day report (read here) as it triggered a technical buy signal with a big "breakaway gap". Bullish action came after it reported earnings +79% on +30% sales revenues for the Dec '18 quarter, continuing its strong earnings track record. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria).
Annual earnings (A criteria) growth has been strong since FY '15. It has the highest possible Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 97, a reassuring sign concerning the L criteria.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,488 in Dec '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B.
Charts courtesy www.stockcharts.com
Pulling Back After 6 Straight Weekly Gains - Wednesday, March 6, 2019
ServiceNow Inc (NOW -$2.89 or -1.22% to $233.11) reversed into the red on Monday for a loss on higher volume after wedging to new all-time highs with recent gains lacking great volume. The prior high ($206) defines initial support to watch on pullbacks.
It was highlighted in yellow with pivot point cited based on its 9/13/18 high plus 10 cents when highlighted in the 1/31/19 mid-day report (read here) as it triggered a technical buy signal with a big "breakaway gap". Bullish action came after it reported earnings +79% on +30% sales revenues for the Dec '18 quarter, continuing its strong earnings track record. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong since FY '15. It has the highest possible Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 97, a reassuring sign concerning the L criteria.
It went through a deep consolidation since last shown in this FSU section on 2/01/19 with an annotated graph under the headline, "Breakaway Gap Followed Strong Earnings Report".The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,431 in Dec '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B.
Charts courtesy www.stockcharts.com
Breakaway Gap Followed Strong Earnings Report - Friday, February 1, 2019
ServiceNow Inc (NOW +$1.49 or +0.68% to $221.51) posted another gain today and its color code was changed to green after rising above its "max buy" level. It was highlighted in yellow with pivot point cited based on its 9/13/18 high plus 10 cents when highlighted in the 1/31/19 mid-day report (read here) as it triggered a technical buy signal with a big "breakaway gap".
Bullish action came after it reported earnings +79% on +30% sales revenues for the Dec '18 quarter, continuing its strong earnings track record. Volume and volatility often increase near earnings news. Fundamentals remain strong.Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong since FY '15 and it has an Earnings Per Share Rating of 98. The Computer Software - Enterprise group has a Group Relative Strength Rating of 98, a reassuring sign concerning the L criteria.
It went through a deep consolidation since last shown in this FSU section on 10/03/18 with an annotated graph under the headline, "Found Support at 50-Day Average After Slump Into Prior Base".
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,420 in Dec '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B.
Charts courtesy www.stockcharts.com
Found Support at 50-Day Average After Slump Into Prior Base - Wednesday, October 3, 2018
ServiceNow Inc's (NOW +$3.30 or +1.71% to $196.20) volume totals have been cooling while consolidating above its 50-day moving average (DMA) line ($190.19). The recent low ($182.73 on 9/19/18) defines additional near-term support above prior lows and its 200 DMA line.
It was last shown in this FSU section on 8/17/18 with an annotated graph under the headline, "Slump Below 50-Day Average Line Raises Concerns". NOW was first highlighted in yellow with pivot point cited based on its 3/14/18 high plus 10 cents in the earlier mid-day report (read here).
Fundamentals remain strong. Recently it reported earnings +123% on +41% sales revenues for the Jun '18 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong since FY '15 and it has an Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 98, a reassuring sign concerning the L criteria.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,309 in Jun '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B.
Charts courtesy www.stockcharts.com
Slump Below 50-Day Average Line Raises Concerns - Friday, August 17, 2018
ServiceNow Inc (NOW -$1.20 or -0.66% to $180.83) slumped below its 50-day moving average (DMA) line ($183.05) with higher (near average) volume behind today's 5th consecutive loss. Only a prompt rebound above the 50 DMA line would help its outlook improve. The prior low ($174.35 on 7/31/18) defines the next important support level where any violation would raise more serious concerns.
It was last shown in this FSU section on 6/26/18 with an annotated graph under the headline, "Recent Slump Below 50-Day Average Hurt Outlook". NOW was first highlighted in yellow with pivot point cited based on its 3/14/18 high plus 10 cents in the earlier mid-day report (read here).
Recently it reported earnings +123% on +41% sales revenues for the Jun '18 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong since FY '15 and it has an Earnings Per Share Rating of 99. The Computer Software - Enterprise group has a Group Relative Strength Rating of 98, a reassuring sign concerning the L criteria.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,276 in Jun '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B.
Charts courtesy www.stockcharts.com
Recent Slump Below 50-Day Average Hurt Outlook - Tuesday, June 26, 2018
ServiceNow Inc (NOW -$0.54 or -0.32% to $170.85) recently slumped below its 50-day moving average (DMA) line ($175) raising concerns and triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve.
It was last shown in this FSU section on 5/08/18 with an annotated graph under the headline, "High-Ranked Software - Enterprise Firm is Near Pivot Point". NOW was first highlighted in yellow with pivot point cited based on its 3/14/18 high plus 10 cents in the earlier mid-day report (read here).
Recently it reported earnings +81% on +37% sales revenues for the Mar '18 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong since FY '15 and it has an Earnings Per Share Rating of 98. The Computer Software - Enterprise group has a Group Relative Strength Rating of 98, a reassuring sign concerning the L criteria.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,172 in Mar '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B.
Charts courtesy www.stockcharts.com
High-Ranked Software - Enterprise Firm is Near Pivot Point - Tuesday, May 8, 2018
ServiceNow Inc (NOW +$0.01 or +0.01% to $176.03) ended little changed after highlighted in yellow with pivot point cited based on its 3/14/18 high plus 10 cents in the earlier mid-day report (read here). Gains backed by at least +40% above average volume while rising above the pivot point may trigger a technical buy signal. It rebounded above its 50-day moving average (DMA) line recently, and touched a new all-time high with a quiet gain on the prior session.
Recently it reported earnings +81% on +37% sales revenues for the Mar '18 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong since FY '15 and it has an Earnings Per Share Rating of 98. The Computer Software - Enterprise group has a Group Relative Strength Rating of 99, a reassuring sign concerning the L criteria.
The number of top-rated funds owning its shares rose from 1,030 in Jun '17 to 1,132 in Mar '18, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B..
Charts courtesy www.stockcharts.com