The Greedy Trader Weekly Analysis
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- 11/19/2021 -
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ServiceNow (NOW)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :The price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the ServiceNow (NOW). During the week, the NOW dropped -15.43 points, or -2.23%, and closed at 675.97 on Friday, November 19, 2021. Weekly volume was -88% below average.

Long-term trend: [See NOW long-term trend chart]
A long-term uptrend had started on May 17, 2021 at 448.27 and reached 707.60 on November 4, 2021. NOW gained -259.33 points, or -57.85%, in 24 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 669.73 and resistance is at 714.38. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See NOW medium-term trend chart]
A medium-term downtrend had started on November 4, 2021 at 707.60 and reached 663.82 on November 10, 2021. NOW lost 43.78 points, or 6.19%, in 0 weeks. The price is now at the 27.75% retracement level.

Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 25, 2021. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See NOW short-term trend chart]
A short-term downtrend had started on November 17, 2021 at 695.61 and reached 674.14 on November 18, 2021. NOW lost 21.47 points, or 3.09%, in 1 days. The price is now at the 8.52% retracement level.

Daily Technical Indicators: [See NOW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 8, 2021. This is an indication that the short-term trend is down.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.3% on Friday. It is 62.79% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.20
Williams' Percentage Range (W%R) 62.00
Lane's Stochastic (%D-Slow) 46.68
Greed/Fear Indicator (GFI) 43.95
Moving Average Converg./Diverg. (MACD) 8.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.17
Williams' Percentage Range (W%R) 16.30
Overbought
Lane's Stochastic (%D-Slow) 83.27
Overbought
Greed/Fear Indicator (GFI) 73.98
Moving Average Converg./Diverg. (MACD) 36.36
Trading Signals
Description Value Chart
Yearly Trendline Resistance 714.38
Parabolic System 698.66
Upper Bollinger Band 697.74
Weekly Stochastic Crossing 688.28
20 Day Moving Average 685.14
Daily Stochastic Crossing 678.97
Price 675.97
Yearly Trendline Support 669.73
50 Day Moving Average 662.31
Lower Bollinger Band 661.92
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Systems Software 112
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 695.61
High Date 11/17/2021
Low 674.14
Low Date 11/18/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 695.61
High Date 11/17/2021
Low 674.14
Low Date 11/18/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 695.61
High Date 11/17/2021
Low 674.14
Low Date 11/18/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 707.60
High Date 11/04/2021
Low 663.82
Low Date 11/10/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 714.38
Support 669.73
Low 448.27
Low Date 05/17/2021
High 707.60
High Date 11/04/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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