"ServiceNow (NOW) presents an exceptional mean-reversion long opportunity with deeply oversold technicals at extreme levels. RSI at 20.63 signals severe oversold conditions rarely seen in quality growth stocks, while price trades below the lower Bollinger Band and sits just 0.9% above its 52-week low of $101.73 - a critical support level being tested. Volume at 1.3x average suggests capitulation selling may be exhausting. The fundamental backdrop remains robust: ServiceNow beat EPS estimates in 3 of the last 4 quarters (12.94% and 15.49% surprise in recent quarters), issued Q1 2026 subscription revenue guidance of $3.65B-$3.66B exceeding consensus, and reported 25% YoY growth in current Remaining Performance Obligation at $12.85B. Analyst consensus remains "Strong Buy" with a median price target of $195 (90%+ upside from current levels), with the lowest target at $115 still representing 12% upside. The stock is trading in a low-volume node at $103.09, suggesting price could quickly snap back toward the Point of Control at $116.68 once selling pressure abates. This represents a high-probability bounce setup from extreme oversold levels in a fundamentally strong enterprise software leader."
R/R: 1:3.4••Posted 14 days ago••Expires: Aug 5, 2026