ServiceNow, Inc. (NYSE: NOW) – A Bearish Sign appears on the ServiceNow Chart

If history is any guide, there may be problems in the future for sharing Service Today (NYSE: NOW). A so -called “death cross” has formed on its chart and, not surprisingly, it could be bearish for the stock.

What to Know: Many traders use the moving average crossover system to make their decisions.

When a shorter long-term average price crosses a longer long-term average price, it can mean that the stock is trending higher. If the short -term average price crosses below the long -term average price, it means that the trend is lower.

Why It’s Important: The 50-day and the 200-day simple moving averages are commonly used.

The death cross occurs when the 50-day moves below the 200-day. This could mean that the long -term trend is changing.

That just happened to ServiceNow, which was trading at around $ 584.60 at the time of publication.


Note: Skilled investors are not blind to trading Death Crosses.

Instead, they use it as a signal to start looking for short positions based on other factors, such as price levels and company basics and events.

For seasoned investors, this is just a signal that it may be time to start considering possible short positions.

With that in mind, take a look at ServiceNow’s past and upcoming revenue expectations:

quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 1.43 1.38 1.21 1.34
Actual EPS 1.46 1.55 1.42 1.52
Revenue Estimate 1.60B 1.47B 1.36B 1.34B
Actual Income 1.61B 1.51B 1.41B 1.36B

Also consider this overview of ServiceNow analyst ratings:


Do you use the Death Cross signal in your trading or investing? Share this article with a friend if you find it helpful!

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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