Servicenow Stock Technical Analysis
| NOW Stock | USD 746.29 5.34 0.72% |
As of the 24th of April, ServiceNow has the Risk Adjusted Performance of 0.0064, coefficient of variation of (368,405), and Variance of 3.26. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of ServiceNow, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down and interpolate data for thirteen technical drivers for ServiceNow, which can be compared to its competition. Please validate ServiceNow risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if ServiceNow is priced more or less accurately, providing market reflects its prevalent price of 746.29 per share. Given that ServiceNow has information ratio of (0.05), we advise you to double-check ServiceNow's current market performance to make sure the company can sustain itself at a future point.
ServiceNow Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ServiceNow, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ServiceNowServiceNow |
ServiceNow Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 640.91 | Strong Buy | 40 | Odds |
Most ServiceNow analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand ServiceNow stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of ServiceNow, talking to its executives and customers, or listening to ServiceNow conference calls.
ServiceNow technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
ServiceNow Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of ServiceNow volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ServiceNow Trend Analysis
Use this graph to draw trend lines for ServiceNow. You can use it to identify possible trend reversals for ServiceNow as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual ServiceNow price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ServiceNow Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ServiceNow applied against its price change over selected period. The best fit line has a slop of 0.61 , which may imply that the returns on investment in ServiceNow will continue to fail. It has 122 observation points and a regression sum of squares at 14056.09, which is the sum of squared deviations for the predicted ServiceNow price change compared to its average price change.About ServiceNow Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of ServiceNow on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of ServiceNow based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ServiceNow price pattern first instead of the macroeconomic environment surrounding ServiceNow. By analyzing ServiceNow's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of ServiceNow's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to ServiceNow specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.003461 | 0.003197 | 0.002877 | 0.002553 | Price To Sales Ratio | 21.81 | 10.79 | 16.08 | 15.27 |
ServiceNow April 24, 2024 Technical Indicators
Most technical analysis of ServiceNow help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for ServiceNow from various momentum indicators to cycle indicators. When you analyze ServiceNow charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0064 | |||
| Market Risk Adjusted Performance | 0.0012 | |||
| Mean Deviation | 1.34 | |||
| Coefficient Of Variation | (368,405) | |||
| Standard Deviation | 1.8 | |||
| Variance | 3.26 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 8.9 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.84 | |||
| Skewness | (0.33) | |||
| Kurtosis | 0.6744 |
ServiceNow April 24, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as ServiceNow stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 40,741 | ||
| Daily Balance Of Power | 0.29 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 748.19 | ||
| Day Typical Price | 747.56 | ||
| Price Action Indicator | 0.77 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ServiceNow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for ServiceNow Stock analysis
When running ServiceNow's price analysis, check to measure ServiceNow's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ServiceNow is operating at the current time. Most of ServiceNow's value examination focuses on studying past and present price action to predict the probability of ServiceNow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ServiceNow's price. Additionally, you may evaluate how the addition of ServiceNow to your portfolios can decrease your overall portfolio volatility.
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Is ServiceNow's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ServiceNow. If investors know ServiceNow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ServiceNow listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.927 | Earnings Share 8.45 | Revenue Per Share 43.946 | Quarterly Revenue Growth 0.256 | Return On Assets 0.031 |
The market value of ServiceNow is measured differently than its book value, which is the value of ServiceNow that is recorded on the company's balance sheet. Investors also form their own opinion of ServiceNow's value that differs from its market value or its book value, called intrinsic value, which is ServiceNow's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ServiceNow's market value can be influenced by many factors that don't directly affect ServiceNow's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ServiceNow's value and its price as these two are different measures arrived at by different means. Investors typically determine if ServiceNow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ServiceNow's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.