The Greedy Trader Weekly Analysis
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Candlesticks Name: Bullish Doji Star
Number of records: 1
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- 5/3/2024 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :
Daily :
Move cursor over the icon to see details.

It was the negative week for the ServiceNow (NOW). During the week, the NOW gave back -6.90 points, or -0.95%, and closed at 716.65 on Friday, May 3, 2024. Weekly volume was 10% above average.

Long-term trend: [See NOW long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 337.00 and reached 815.27 on February 9, 2024. NOW gained -478.27 points, or -141.92%, in 69 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 622.23 and resistance is at 887.32. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See NOW medium-term trend chart]
A medium-term downtrend had started on March 13, 2024 at 807.77 and reached 683.89 on May 1, 2024. NOW lost 123.88 points, or 15.34%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 680.63 and resistance is at 783.11. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 8, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See NOW short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 683.89 and reached 724.65 on May 3, 2024. NOW gained -40.76 points, or -5.96%, in 2 days. The price is now at the 19.63% 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 April 12, 2024.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.63
Williams' Percentage Range (W%R) 76.60
Lane's Stochastic (%D-Slow) 23.32
Greed/Fear Indicator (GFI) 30.45
Moving Average Converg./Diverg. (MACD) -12.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.54
Williams' Percentage Range (W%R) 73.10
Lane's Stochastic (%D-Slow) 28.72
Greed/Fear Indicator (GFI) 33.43
Moving Average Converg./Diverg. (MACD) 43.57
Trading Signals
Description Value Chart
Upper Bollinger Band 785.68
Monthly Trendline Resistance 783.11
50 Day Moving Average 753.62
Parabolic System 739.90
20 Day Moving Average 735.04
Price 716.65
Weekly Stochastic Crossing 715.64
Daily Stochastic Crossing 696.63
Monthly Trendline Support 680.63
Lower Bollinger Band 672.42
Yearly Trendline Support 622.23
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Systems Software 29
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 683.89
Low Date 05/01/2024
High 724.65
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 683.89
Low Date 05/01/2024
High 724.65
High Date 05/03/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 783.11
Support 680.63
High 807.77
High Date 03/13/2024
Low 683.89
Low Date 05/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 815.27
High Date 02/09/2024
Low 683.89
Low Date 05/01/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 887.32
Support 622.23
Low 337.00
Low Date 10/13/2022
High 815.27
High Date 02/09/2024
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.