Servicenow Stock Technical Analysis
| NOW Stock | USD 918.34 3.41 0.37% |
As of the 22nd of October, ServiceNow has the Coefficient Of Variation of 711.61, semi deviation of 1.58, and Risk Adjusted Performance of 0.1171. 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. Please validate ServiceNow information ratio and downside variance to decide if ServiceNow is priced more or less accurately, providing market reflects its prevalent price of 918.34 per share. Given that ServiceNow has jensen alpha of 0.1986, 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 2.56 , which may imply that ServiceNow will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 248563.6, 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.
| 2023 | 2024 (projected) | Dividend Yield | 1.25E-4 | 1.11E-4 | Price To Sales Ratio | 16.08 | 15.27 |
ServiceNow October 22, 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.
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| Math Transform | ||
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| Overlap Studies | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1171 | |||
| Market Risk Adjusted Performance | 0.2443 | |||
| Mean Deviation | 1.52 | |||
| Semi Deviation | 1.58 | |||
| Downside Deviation | 1.79 | |||
| Coefficient Of Variation | 711.61 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.56 | |||
| Information Ratio | 0.0984 | |||
| Jensen Alpha | 0.1986 | |||
| Total Risk Alpha | 0.053 | |||
| Sortino Ratio | 0.1292 | |||
| Treynor Ratio | 0.2343 | |||
| Maximum Drawdown | 17.03 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 3.04 | |||
| Downside Variance | 3.22 | |||
| Semi Variance | 2.49 | |||
| Expected Short fall | (1.75) | |||
| Skewness | 2.41 | |||
| Kurtosis | 13.77 |
Additional 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.