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
- 8/14/2026 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
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It was the negative week for the ServiceNow (NOW). During the week, the NOW gave back -0.88 points, or -0.70%, and closed at 124.00 on Friday, August 14, 2026. Weekly volume was -8% 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 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 trend support level is at 57.56 and resistance is at 146.07. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern 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 139.20 on June 1, 2026. NOW gained -57.96 points, or -71.34%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (94.17) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 relatively 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 129.75 on August 13, 2026. NOW gained -38.22 points, or -41.76%, in 21 days. The price is now at the 15.04% retracement level.

Daily Technical Indicators: [See NOW daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 27, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.26
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 85.63
Overbought
Greed/Fear Indicator (GFI) 83.84
Overbought
Moving Average Converg./Diverg. (MACD) 4.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.77
Williams' Percentage Range (W%R) 19.80
Overbought
Lane's Stochastic (%D-Slow) 52.14
Greed/Fear Indicator (GFI) 62.46
Moving Average Converg./Diverg. (MACD) -9.31
Trading Signals
Description Value Chart
Yearly Trendline Resistance 146.07
Upper Bollinger Band 137.91
Daily Stochastic Crossing 126.62
Price 124.00
Parabolic System 121.68
20 Day Moving Average 113.46
Weekly Stochastic Crossing 111.91
50 Day Moving Average 107.65
Lower Bollinger Band 94.91
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Systems Software 90
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 129.75
High Date 08/13/2026
Low 122.17
Low Date 08/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.53
Low Date 07/23/2026
High 129.75
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.39
Low Date 06/25/2026
High 129.75
High Date 08/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 84.15
Support 94.17
Low 81.24
Low Date 04/10/2026
High 139.20
High Date 06/01/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 146.07
Support 57.56
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.