ServiceNow Positive on Multiple Timeframes

By | October 29, 2014

29. NOW weekly

The weekly chart of ServiceMow (NOW) shows the stock trading in a horizontal channel since June of this year. The chart also shows the RSI and MacD trending higher during the consolidation period, and Chaikin Money Flow turning positive, reflecting accumulation.
On the daily timeframe, the channel can be seen in more detail, and this week upper resistance was taken out. The same price momentum and money flow indications are present on the daily time frame as seen on the weekly, and this technical coordination is a good sign for the stock price going forward.

29. NOW daily

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