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Downtrend Broken Resist.Archive
- 6/5/2026 -
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ServiceNow (NOW) Technical Analysis
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| Summary:
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| | It was the negative week for the ServiceNow (NOW). During the week, the NOW dropped -11.92 points, or -9.58%, and closed at 112.45 on Friday, June 5, 2026. It was the worst weekly loss since April 10, 2026. Weekly volume was 192% above 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 July 3, 2025 at 211.48 and reached 81.24 on April 10, 2026. NOW lost 130.24 points, or 61.59%, in 40 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 60.86 and resistance is at 143.29. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See NOW medium-term trend chart]
A medium-term uptrend had started on April 10, 2026 at 81.24 and reached 139.20 on June 1, 2026. NOW gained -57.96 points, or -71.34%, in 7 weeks. The price is now at the 46.15% retracement level.
 Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly technical indicators are neutral.
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 June 1, 2026 at 139.20 and reached 111.56 on June 5, 2026. NOW lost 27.64 points, or 19.86%, in 4 days. Price is near the trend low.
Daily Technical Indicators: [See NOW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 30, 2026.
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.
The distance between the Bollinger Bands is 162.10% higher then one year average. It indicates the period of high 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.
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