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Advanced TA SearchArchive - 5/10/2024 - Sign In to see current Signals. |
ServiceNow (NOW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the ServiceNow (NOW). During the week, the NOW gained 13.14 points, or 1.83%, and closed at 729.79 on Friday, May 10, 2024. NOW was trading at average weekly trading volume. 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 625.92 and resistance is at 893.92. 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 February 9, 2024 at 815.27 and reached 683.89 on May 1, 2024. NOW lost 131.38 points, or 16.11%, in 11 weeks. The price is now at the 34.94% retracement level. 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 733.55 on May 10, 2024. NOW gained -49.66 points, or -7.26%, in 9 days. The price is now at the 7.57% retracement level. 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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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. During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
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