ServiceNow dips post-earnings but buyers defend $910 support
$ServiceNow(NOW)$
$911.70 (−2.79%): Post-earnings wobble holds $910; reclaim $935 eyes $955–$970
Market Recap (as of Oct 29, 2025):
ServiceNow slipped to $911.70, trading $910.10–$934.54 on 2.62M shares (~1.7× avg 1.52M). Price sits ~24% below the 52-week high ($1,198).
Overnight quotes indicate a rebound toward $949 (~+4.1%), suggesting dip-buyers showing up after the print.
Technical Indicators Analysis:
RSI(14) ~46.7 (neutral/slightly bearish). MACD is above its signal with a modestly positive histogram—momentum stabilizing after the drop.
Candles continue to oscillate around the short-term EMA band; structure favors sideways to mildly up if $910 holds. A close > $935 opens $955–$970; a break < $900 risks a slide toward the mid-$880s.
Support / Resistance:
Support: $888/$910
Resistance: $935–$955
Valuation and Target Range:
TTM P/E ≈ 114×, a rich premium to the S&P 500’s ~25× and elevated versus its multi-year range—investors still pay up for durable growth.
Near term expect $910–$955 consolidation; a daily close > $955 targets $970–$985. Street 12-mo target on YF sits near $1,145, but technicals need higher highs first.
News:
ServiceNow Beats Expectations As Subscriptions Rise. The Stock Is Splitting. ServiceNow Chairman and CEO Bill McDermott said businesses in every industry are focused on AI "as the innovation opportunity of our generation.
Leaders work with ServiceNow because they trust this proven platform as the core of their technology estate for decades to come."
Risk Statement:
Post-earnings headline swings and multiple-contraction risk can overwhelm technical levels. This is technical commentary only, not investment advice—manage risk accordingly.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 29, 2025). Prepared by Tiger Morning Brief | For internal use only.
For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account!
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
