Where Will ServiceNow Inc (NOW) Stock Go Next After It Has Gained 8.13% in a Week?

The market has been high on ServiceNow Inc (NOW) stock recently. NOW gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

ServiceNow Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NOW!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With NOW Stock Today?

ServiceNow Inc (NOW) stock is trading at $680.27 as of 1:51 PM on Tuesday, Oct 19, an increase of $14.18, or 2.13% from the previous closing price of $666.09. The stock has traded between $672.29 and $687.69 so far today. Volume today is light. So far 747,306 shares have traded compared to average volume of 1,038,519 shares.

More About ServiceNow Inc

ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management (ITSM), expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service (PaaS). Click Here to get the full Stock Report for ServiceNow Inc stock.