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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- 5/22/2026 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineWeekly  MACD line has moved above its signal line
Daily :The price has fallen below the Parabolic SARBullish Doji Candlestick
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It was a fourth consecutive positive week for the ServiceNow (NOW). During the week, the NOW gained 7.06 points, or 7.43%, and closed at 102.13 on Friday, May 22, 2026. Weekly volume was 193% above 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 Symmetric Triangle chart pattern. The downtrend support line (240.72) is broken. Usually a broken support is considered to be a long-term bearish 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 support 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 110.83 on May 19, 2026. NOW gained -29.59 points, or -36.42%, in 5 weeks. The price is now at the 29.40% retracement level.

Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 23, 2026 at 83.58 and reached 110.83 on May 19, 2026. NOW gained -27.25 points, or -32.60%, in 26 days. The price is now at the 31.93% retracement level.

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

The daily MACD line is above its signal line since April 30, 2026. This is an indication that the short-term trend is up.

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.

Candlestick pattern: [See NOW candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.64
Williams' Percentage Range (W%R) 34.10
Lane's Stochastic (%D-Slow) 70.04
Greed/Fear Indicator (GFI) 66.21
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.56
Williams' Percentage Range (W%R) 71.50
Lane's Stochastic (%D-Slow) 31.02
Greed/Fear Indicator (GFI) 35.82
Moving Average Converg./Diverg. (MACD) -18.70
Trading Signals
Description Value Chart
Upper Bollinger Band 106.61
Price 102.13
Daily Stochastic Crossing 101.74
50 Day Moving Average 98.11
Parabolic System 94.73
20 Day Moving Average 93.53
Weekly Stochastic Crossing 90.38
Lower Bollinger Band 85.52
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Systems Software 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.58
Low Date 04/23/2026
High 110.83
High Date 05/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.24
Low Date 04/10/2026
High 110.83
High Date 05/19/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 194.73
High Date 09/24/2025
Low 81.24
Low Date 04/10/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 211.48
High Date 07/03/2025
Low 81.24
Low Date 04/10/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 150.34
Support 240.72
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.