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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- 9/25/2026 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 139.17
Daily :A Parabolic SAR indicator is above and near the priceThe price has declined below the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the ServiceNow (NOW). During the week, the NOW climbed 0.15 points, or 0.11%, and closed at 135.62 on Friday, September 25, 2026. Weekly volume was -43% below 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 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 (139.17). 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 June 25, 2026 at 89.39 and reached 149.60 on August 31, 2026. NOW gained -60.21 points, or -67.36%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 96.60 and resistance is at 166.13. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 and 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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 August 31, 2026 at 149.60 and reached 130.39 on September 11, 2026. NOW lost 19.21 points, or 12.84%, in 11 days. The price is now at the 27.23% retracement level.

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

The daily MACD line is below its signal line since September 4, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (134.29) comes close to the price (135.62). It indicates that the trend is getting weaker. 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 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) 42.97
Williams' Percentage Range (W%R) 64.30
Lane's Stochastic (%D-Slow) 33.49
Greed/Fear Indicator (GFI) 37.39
Moving Average Converg./Diverg. (MACD) 3.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.99
Williams' Percentage Range (W%R) 19.20
Overbought
Lane's Stochastic (%D-Slow) 83.72
Overbought
Greed/Fear Indicator (GFI) 73.95
Moving Average Converg./Diverg. (MACD) -1.29
Trading Signals
Description Value Chart
Upper Bollinger Band 145.03
Weekly Stochastic Crossing 141.58
Yearly Trendline Resistance 139.17
20 Day Moving Average 138.75
Daily Stochastic Crossing 137.27
Price 135.62
Parabolic System 134.29
Lower Bollinger Band 126.61
50 Day Moving Average 125.79
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Systems Software 119
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 147.57
High Date 09/15/2026
Low 135.07
Low Date 09/18/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.60
High Date 08/31/2026
Low 130.39
Low Date 09/11/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 166.13
Support 96.60
Low 89.39
Low Date 06/25/2026
High 149.60
High Date 08/31/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.24
Low Date 04/10/2026
High 149.60
High Date 08/31/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 139.17
Support 50.66
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.