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.

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- 10/31/2025 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the ServiceNow (NOW). During the week, the NOW dropped -10.89 points, or -1.17%, and closed at 919.28 on Friday, October 31, 2025. Weekly volume was 33% above average.

NOW is a member of Information Technology Sector. Information Technology is the second 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 uptrend had started on April 7, 2025 at 678.70 and reached 1057.39 on July 3, 2025. NOW gained -378.69 points, or -55.80%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (945.73) is broken. A broken support is considered to be a long-term bearish signal. 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 1057.39 and reached 840.03 on August 12, 2025. NOW lost 217.36 points, or 20.56%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 904.19 and resistance is at 933.95. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 July 25, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 October 10, 2025 at 887.31 and reached 964.83 on October 30, 2025. NOW gained -77.52 points, or -8.74%, in 20 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See NOW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.

The daily MACD line is above its signal line since October 20, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 6.94% on Friday. It is 53.26% 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.80
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 59.14
Greed/Fear Indicator (GFI) 60.02
Moving Average Converg./Diverg. (MACD) 1.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.44
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 55.00
Greed/Fear Indicator (GFI) 51.79
Moving Average Converg./Diverg. (MACD) -6.33
Trading Signals
Description Value Chart
Parabolic System 965.79
Upper Bollinger Band 955.91
Quarterly Trendline Support 945.73
Weekly Stochastic Crossing 935.43
Quarterly Trendline Resistance 933.95
Monthly Trendline Resistance 933.95
Daily Stochastic Crossing 931.58
50 Day Moving Average 921.17
20 Day Moving Average 919.40
Price 919.28
Monthly Trendline Support 904.19
Lower Bollinger Band 892.12
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Systems Software 81
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 887.31
Low Date 10/10/2025
High 964.83
High Date 10/30/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 973.63
High Date 09/24/2025
Low 887.31
Low Date 10/10/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 933.95
Support 904.19
High 1057.39
High Date 07/03/2025
Low 840.03
Low Date 08/12/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 933.95
Support 945.73
Low 678.70
Low Date 04/07/2025
High 1057.39
High Date 07/03/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 337.00
Low Date 10/13/2022
High 1198.00
High Date 01/28/2025
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.