NOW ServiceNow Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NOW ServiceNow prior to the earnings report this week,
I would consider purchasing the 760usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $32.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Servicenow
NOW ServiceNow Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NOW ServiceNow prior to the earnings report this week,
I would consider purchasing the 810usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $29.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Wave of the day:$NOW4. good reasons for NYSE:NOW stock
1. Breaking out from the corrective channel
2. Rising MACD histogram
3. Buying Volume coming in
4. Analysts have set a mean price target forecast of $864.5. This target is 9.49% above the current price.
What's your take on NYSE:NOW ? Comment below
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as financial advice.
APPLE BACK TO 182 SOLID POSITION Long Position:
Key Points:
Strong Fundamentals: Apple has a history of solid financial performance, driven by its diverse product ecosystem, including iPhones, iPads, Macs, wearables, and services. The company's consistent revenue and earnings growth make it an attractive option for long-term investors.
Services Segment Growth: Apple's services segment, including the App Store, Apple Music, and Apple TV+, has been a significant contributor to revenue. Continued expansion and growth in the services sector can provide a more stable revenue stream for the company.
Innovation and Product Pipeline: Apple's commitment to innovation, evidenced by new product releases and technological advancements, keeps the brand at the forefront of consumer technology. Anticipated releases and advancements in products like the iPhone and wearables can drive excitement and demand.
Share Buybacks and Dividends: Apple has a history of returning value to shareholders through share buybacks and dividends. Share repurchases can contribute to stock price appreciation, and dividends provide income to investors.
NOW ServiceNow Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NOW ServiceNow prior to the earnings report this week,
I would consider purchasing the 470usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $27.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ServiceNow - Up to 40% Opportunity to the Downside?Fundamental Indicators:
Revenue- demonstrates consistent long-term growth, 5-year average at 34%
Profits – 2022 TTM has reduced
Net margin - quite low for tech company with just 2.79%
P/E – extremely high at 553 when S&P500 is at 21
Liabilities - debt ratio is at 0.62 which is within normal limits, Net Debt/ EBITDA is negative – no problems with debt
Conclusion – it is very likely to continue bear move with this financial performance
Technical Analysis (Elliott Waves):
Since the completion of the global correction in wave 4 which completed in February 2016we can observe an explosive growth in wave
Main scenario suggests that wave 5 takes shape of an Ending Diagonal with ABC patterns in each motive sub-wave 1-3-5
Waves 1 to 3 have completed and wave 4 is currently developing as a complex series of patterns
This maybe a good opportunity for a short position if $521.04 holds confirming that it is an Extended Flat formation in the link wave X which suggests that there will be another move to the downside in wave Y with target area of $300-$360
This is a higher timeframe to reflect the full history of ServiceNow and to provide full wave count:
What do you think about ServiceNow and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
Thanks
ServiceNow to Start Another Wave Down. NOWI believe we are finishing off X Wave here, which supposes we are to start a new zigzag soon. A zigzag to the downside, because I do not see a single bit of evidence to suggest a bullish rally.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NOW 450 PE head and shoulders bear market Service NOW stock looking tired from recently rally. Service NOW has posted great earnings repeatedly, no doubt. But 450 PE ratio is outrageous considering the bear market we are heading into. First target is $450, next target is a new 52 week low under $400
Zigzag on NOW. NOWGoals 474, 424. Invalidation at 781
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Trading Idea - #ServicenowSHORT
ENTRY: 467.00 USD
TARGET: 389.00 USD (+16% profit)
STOP: 516.00 USD
ServiceNow, Inc. is a provider of cloud computing solutions that define, structure, manage, and automate services for global companies. The company offers a range of cloud-based services that automate the workflow within and between departments in a company.
1.) 463.00 USD is the support that needs to fall to get a more precise SHORT signal! Keep an eye on that!
DISCA Contracting, possible BUY.This trade may be difficult to enter, but if it sets up right we can a good trade. I am waiting for a break from my triangle lines, expecting that to happen around or near Earnings Release.