ServiceNow provides technology platform for workflow. Co.'s Now Platform, connects workflows across siloed organizations and systems. Co.'s Technology Workflows give Information Technology departments the ability to plan, build, operate and service across the technology lifecycle. Co.'s Customer and Industry Workflows help organizations reimagine the customer experience and improve customer loyalty. Co.'s Employee Workflows help customers simplify how their employees get the services they need, creating a way to get work done from wherever an employee may be. Co.'s Creator Workflows enable its customers to create, test, and deploy their own applications on the Now Platform.
When researching a stock like ServiceNow, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from NOW Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for NOW stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting NOW RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
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Video: RSI Indicator