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
- 8/28/2026 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance lineTrend resistance at 143.69
Daily :Broken trend resistance lineThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the ServiceNow (NOW). During the week, the NOW gained 16.23 points, or 12.63%, and closed at 144.71 on Friday, August 28, 2026. It was the best weekly gain since May 29, 2026. NOW was trading at average weekly trading volume.

Long-term trend: [See NOW long-term trend chart]
A long-term downtrend had started on January 28, 2025 at 239.62 and reached 81.24 on April 10, 2026. NOW lost 158.38 points, or 66.10%, in 62 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (143.69). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 145.72 on August 28, 2026. NOW gained -64.48 points, or -79.37%, in 20 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (95.64) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 15, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend 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 July 23, 2026 at 91.53 and reached 145.72 on August 28, 2026. NOW gained -54.19 points, or -59.20%, in 36 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (126.54) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See NOW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since August 26, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 67.46
Williams' Percentage Range (W%R) 21.30
Lane's Stochastic (%D-Slow) 79.79
Greed/Fear Indicator (GFI) 75.30
Moving Average Converg./Diverg. (MACD) 5.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.62
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 76.53
Greed/Fear Indicator (GFI) 74.04
Moving Average Converg./Diverg. (MACD) -6.79
Trading Signals
Description Value Chart
Price 144.71
Yearly Trendline Resistance 143.69
Daily Stochastic Crossing 140.41
Upper Bollinger Band 139.17
Weekly Stochastic Crossing 137.58
Weekly Trendline Resistance 132.37
Weekly Trendline Support 126.54
20 Day Moving Average 125.48
Parabolic System 124.17
50 Day Moving Average 112.08
Lower Bollinger Band 110.84
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Systems Software 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 117.59
Low Date 08/17/2026
High 145.72
High Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 132.37
Support 126.54
Low 91.53
Low Date 07/23/2026
High 145.72
High Date 08/28/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.39
Low Date 06/25/2026
High 145.72
High Date 08/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 73.56
Support 95.64
Low 81.24
Low Date 04/10/2026
High 145.72
High Date 08/28/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 143.69
Support 55.18
High 239.62
High Date 01/28/2025
Low 81.24
Low Date 04/10/2026
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.