The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 1/30/2026 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Oversold sectorOversold industryBroken trend support line - Downtrend exhaustionRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversold
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaRelative Strength Index, Lane's Stochastic and MACD bullish divergenceThe period of high volatility of the stock price
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It was the negative week for the ServiceNow (NOW). During the week, the NOW dropped -16.10 points, or -12.10%, and closed at 117.01 on Friday, January 30, 2026. Weekly volume was 208% above average.

NOW is a member of Information Technology Sector. Information Technology is the second most oversold sector. NOW is a member of Systems Software Industry. Systems Software is the seventh most oversold industry. 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 113.13 on January 29, 2026. NOW lost 126.49 points, or 52.79%, in 52 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (211.78) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See NOW medium-term trend chart]
A medium-term downtrend had started on July 3, 2025 at 211.48 and reached 113.13 on January 29, 2026. NOW lost 98.35 points, or 46.51%, in 30 weeks. Price is near the trend low.

Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since July 25, 2025. This is an indication that the medium-term trend is down. 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 January 26, 2026 at 136.63 and reached 113.13 on January 29, 2026. NOW lost 23.50 points, or 17.20%, in 3 days. The price is now at the 16.51% retracement level.

Daily Technical Indicators: [See NOW daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since January 28, 2026. This is an indication that the short-term trend is down.

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 111.58% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.76
Bullish
Williams' Percentage Range (W%R) 89.00
Oversold
Lane's Stochastic (%D-Slow) 38.59
Bullish
Greed/Fear Indicator (GFI) 24.79
Moving Average Converg./Diverg. (MACD) -7.90 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 16.06
Oversold
Williams' Percentage Range (W%R) 94.60
Strong Oversold
Lane's Stochastic (%D-Slow) 6.88
Strong Oversold
Greed/Fear Indicator (GFI) 13.73
Oversold
Moving Average Converg./Diverg. (MACD) -8.47
Trading Signals
Description Value Chart
Upper Bollinger Band 154.84
50 Day Moving Average 150.98
Parabolic System 136.29
20 Day Moving Average 135.03
Daily Stochastic Crossing 120.94
Weekly Stochastic Crossing 117.51
Price 117.01
Lower Bollinger Band 114.83
Sector and Industry
Description Name Rank
Sector Information Technology 2
Industry Systems Software 7
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 136.63
High Date 01/26/2026
Low 113.13
Low Date 01/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 175.00
High Date 12/11/2025
Low 113.13
Low Date 01/29/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 194.73
High Date 09/24/2025
Low 113.13
Low Date 01/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 211.48
High Date 07/03/2025
Low 113.13
Low Date 01/29/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 171.44
Support 211.78
High 239.62
High Date 01/28/2025
Low 113.13
Low Date 01/29/2026
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.