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
- 9/5/2025 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Oversold industryLane's Stochastic is oversold
Daily :
Move cursor over the icon to see details.

It was the negative week for the ServiceNow (NOW). During the week, the NOW gave back -3.66 points, or -0.40%, and closed at 913.80 on Friday, September 5, 2025. Weekly volume was -8% below average.

NOW is a member of Systems Software Industry. Systems Software is the sixth 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 1198.00 and reached 678.70 on April 7, 2025. NOW lost 519.30 points, or 43.35%, in 9 weeks. The price is now at the 45.27% retracement level.

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 Broadening Descending Wedge chart pattern. The trend support level is at 767.29 and resistance is at 1037.31. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic 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. 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 August 12, 2025 at 840.03 and reached 935.78 on August 28, 2025. NOW gained -95.75 points, or -11.40%, in 16 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 880.58 and resistance is at 960.69. 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 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 19, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.42
Williams' Percentage Range (W%R) 33.00
Lane's Stochastic (%D-Slow) 70.69
Greed/Fear Indicator (GFI) 66.36
Moving Average Converg./Diverg. (MACD) -12.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.01
Williams' Percentage Range (W%R) 48.60
Lane's Stochastic (%D-Slow) 17.32
Oversold
Greed/Fear Indicator (GFI) 37.70
Moving Average Converg./Diverg. (MACD) 1.69
Trading Signals
Description Value Chart
Monthly Trendline Resistance 1037.31
Weekly Trendline Resistance 960.69
Upper Bollinger Band 949.12
50 Day Moving Average 938.11
Price 913.80
Daily Stochastic Crossing 910.79
20 Day Moving Average 885.92
Weekly Stochastic Crossing 883.04
Weekly Trendline Support 880.58
Parabolic System 876.27
Lower Bollinger Band 858.11
Monthly Trendline Support 767.29
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Systems Software 6
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 878.19
Low Date 09/04/2025
High 916.20
High Date 09/05/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 960.69
Support 880.58
Low 840.03
Low Date 08/12/2025
High 935.78
High Date 08/28/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 1037.31
Support 767.29
High 1057.39
High Date 07/03/2025
Low 840.03
Low Date 08/12/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1198.00
High Date 01/28/2025
Low 678.70
Low Date 04/07/2025
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.