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Archive
- 5/23/2025 -
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ServiceNow (NOW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the ServiceNow (NOW). During the week, the NOW dropped -35.81 points, or -3.44%, and closed at 1004.37 on Friday, May 23, 2025. Weekly volume was -10% below average.
NOW is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See NOW long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 337.00 and reached 1198.00 on January 28, 2025. NOW gained -861.00 points, or -255.49%, in 119 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See NOW medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 678.70 and reached 1046.00 on May 14, 2025. NOW gained -367.30 points, or -54.12%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (1119.64) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since May 9, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 May 14, 2025 at 1046.00 and reached 994.60 on May 23, 2025. NOW lost 51.40 points, or 4.91%, in 9 days. The price is now at the 19.01% retracement level.
 Daily Technical Indicators: [See NOW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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