ServiceNow NOW Stock & Option Trade Ideas

Bullish or Bearishness for NOW:

The Moving Average Convergence Divergence (MACD) for NOW has been consistently negative, indicating a bearish trend. Additionally, the Relative Strength Index (RSI) is currently below 50, further confirming the bearish sentiment. Therefore, the overall outlook for NOW appears bearish.

Potential Stock or Option Trades for NOW:

Based on the technical data for NOW, here are some potential trading strategies:

• Stock Trade: Consider short-selling shares of NOW to profit from the expected downward movement. Set a stop-loss order to manage risk in case of a reversal.
• Put Option Trade: Purchase put options on NOW to capitalize on the bearish trend. Look for out-of-the-money contracts with an expiration date that aligns with your trading timeframe.
• Bear Put Spread: Implement a bear put spread by buying one put option with a lower strike price and selling another put option with a higher strike price. This strategy can limit potential losses while still offering downside protection.

As always, it is important to conduct thorough research and consider your risk tolerance before entering any trade. Keep a close eye on key technical indicators and market developments to adjust your trading strategy accordingly.