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Downtrend Broken Resist.Archive
- 10/23/2026 -
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ServiceNow (NOW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the ServiceNow (NOW). During the week, the NOW gained 16.99 points, or 11.97%, and closed at 158.96 on Friday, October 23, 2026. It was the best weekly gain since May 29, 2026. Weekly volume was -34% 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 downtrend resistance line (45.90) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. NOW may retest the broken resistance line. It is considered to be a support line now. 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 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 159.50 on October 23, 2026. NOW gained -78.26 points, or -96.33%, in 28 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 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. 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 September 28, 2026 at 126.75 and reached 159.50 on October 23, 2026. NOW gained -32.75 points, or -25.84%, in 25 days. Price is near the trend high.
 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 8, 2026. This is an indication that the short-term trend is up.
 Candlestick pattern: [See NOW candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.
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