The Greedy Trader Weekly Analysis
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- 10/9/2026 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtTrend resistance at 136.79
Daily :Daily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the ServiceNow (NOW). During the week, the NOW gained 6.48 points, or 4.82%, and closed at 140.86 on Friday, October 9, 2026. It was the best weekly gain since August 28, 2026. Weekly volume was -53% 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 downtrend had started on January 28, 2025 at 239.62 and reached 81.24 on April 10, 2026. NOW lost 158.38 points, or 66.10%, in 62 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (136.79). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See NOW medium-term trend chart]
A medium-term uptrend had started on June 25, 2026 at 89.39 and reached 149.60 on August 31, 2026. NOW gained -60.21 points, or -67.36%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 97.73 and resistance is at 175.31. 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 medium-term trend.

Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 15, 2026. This is an indication that the medium-term trend is up. 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 August 31, 2026 at 149.60 and reached 126.75 on September 28, 2026. NOW lost 22.85 points, or 15.27%, in 28 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 124.89 and resistance is at 142.94. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 9.03% on Friday. It is 62.70% 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) 54.79
Williams' Percentage Range (W%R) 30.30
Lane's Stochastic (%D-Slow) 78.35
Greed/Fear Indicator (GFI) 67.61
Moving Average Converg./Diverg. (MACD) 1.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.32
Williams' Percentage Range (W%R) 13.80
Overbought
Lane's Stochastic (%D-Slow) 73.84
Greed/Fear Indicator (GFI) 73.00
Moving Average Converg./Diverg. (MACD) 0.90
Trading Signals
Description Value Chart
Weekly Trendline Resistance 142.94
Upper Bollinger Band 142.79
Parabolic System 142.52
Weekly Stochastic Crossing 141.27
Price 140.86
Daily Stochastic Crossing 140.07
20 Day Moving Average 137.35
Yearly Trendline Resistance 136.79
50 Day Moving Average 132.22
Lower Bollinger Band 130.08
Weekly Trendline Support 124.89
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Systems Software 120
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 126.75
Low Date 09/28/2026
High 142.51
High Date 10/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 142.94
Support 124.89
High 149.60
High Date 08/31/2026
Low 126.75
Low Date 09/28/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 175.31
Support 97.73
Low 89.39
Low Date 06/25/2026
High 149.60
High Date 08/31/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.24
Low Date 04/10/2026
High 149.60
High Date 08/31/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 136.79
Support 48.28
High 239.62
High Date 01/28/2025
Low 81.24
Low Date 04/10/2026
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.