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
- 1/2/2026 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Stochastic signal line moved above oversold areaMACD bullish divergence
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It was the negative week for the ServiceNow (NOW). During the week, the NOW dropped -6.44 points, or -4.18%, and closed at 147.45 on Friday, January 2, 2026. Weekly volume was -17% below average.

Long-term trend: [See NOW long-term trend chart]
A long-term downtrend had started on January 28, 2025 at 239.62 and reached 135.73 on April 7, 2025. NOW lost 103.89 points, or 43.36%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (204.73) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 145.64 on January 2, 2026. NOW lost 65.84 points, or 31.13%, in 26 weeks. Price is near the trend low.

Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 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 December 11, 2025 at 175.00 and reached 145.64 on January 2, 2026. NOW lost 29.36 points, or 16.78%, in 22 days. The price is now at the 6.16% retracement level.

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 above oversold area. Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily 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 December 15, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.06
Williams' Percentage Range (W%R) 74.70
Lane's Stochastic (%D-Slow) 26.46
Greed/Fear Indicator (GFI) 23.95
Moving Average Converg./Diverg. (MACD) -4.28 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.32
Williams' Percentage Range (W%R) 84.80
Oversold
Lane's Stochastic (%D-Slow) 16.51
Oversold
Greed/Fear Indicator (GFI) 23.45
Moving Average Converg./Diverg. (MACD) -4.98
Trading Signals
Description Value Chart
Yearly Trendline Resistance 176.58
Upper Bollinger Band 175.04
50 Day Moving Average 167.85
Parabolic System 163.42
20 Day Moving Average 159.95
Weekly Stochastic Crossing 151.27
Daily Stochastic Crossing 148.72
Price 147.45
Lower Bollinger Band 141.30
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Systems Software 20
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 157.16
High Date 12/22/2025
Low 145.64
Low Date 01/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 175.00
High Date 12/11/2025
Low 145.64
Low Date 01/02/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 194.73
High Date 09/24/2025
Low 145.64
Low Date 01/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 211.48
High Date 07/03/2025
Low 145.64
Low Date 01/02/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 176.58
Support 204.73
High 239.62
High Date 01/28/2025
Low 135.73
Low Date 04/07/2025
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.