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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- 7/31/2026 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overboughtLane's Stochastic and MACD bearish divergenceThe price has fallen below the Parabolic SARDaily  MACD line has moved above its signal line20 Day Moving Average has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the ServiceNow (NOW). During the week, the NOW gained 12.45 points, or 12.60%, and closed at 111.23 on Friday, July 31, 2026. It was the best weekly gain since May 29, 2026. Weekly volume was 85% above 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 59.94 and resistance is at 148.45. 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 (92.69) 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 technical indicators are neutral.

The weekly MACD line is above its signal line since May 15, 2026. This is an indication that the medium-term trend is up. 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 118.36 on July 29, 2026. NOW gained -26.83 points, or -29.31%, in 6 days. The price is now at the 26.57% retracement level.

Daily Technical Indicators: [See NOW daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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 moved above 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.97
Williams' Percentage Range (W%R) 36.70
Lane's Stochastic (%D-Slow) 81.26
Overbought Bearish
Greed/Fear Indicator (GFI) 64.83
Moving Average Converg./Diverg. (MACD) 0.49 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.79
Williams' Percentage Range (W%R) 53.00
Lane's Stochastic (%D-Slow) 34.82
Greed/Fear Indicator (GFI) 45.37
Moving Average Converg./Diverg. (MACD) -11.34
Trading Signals
Description Value Chart
Upper Bollinger Band 116.60
Daily Stochastic Crossing 113.32
Price 111.23
20 Day Moving Average 105.86
50 Day Moving Average 105.62
Weekly Stochastic Crossing 102.03
Parabolic System 96.69
Quarterly Trendline Resistance 94.73
Lower Bollinger Band 94.31
Quarterly Trendline Support 92.69
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Systems Software 80
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 91.53
Low Date 07/23/2026
High 118.36
High Date 07/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.53
Low Date 07/23/2026
High 118.36
High Date 07/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.39
Low Date 06/25/2026
High 118.36
High Date 07/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 94.73
Support 92.69
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 148.45
Support 59.94
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.