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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- 7/3/2025 -
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ServiceNow (NOW) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :Lane's Stochastic bearish divergenceDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a second consecutive positive week for the ServiceNow (NOW). During the week, the NOW gained 22.27 points, or 2.18%, and closed at 1044.69 on Thursday, July 3, 2025. On Thursday NOW has reached 1057.39 - the highest level since January 31, 2025. Weekly volume was -25% 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 1198.00 and reached 678.70 on April 7, 2025. NOW lost 519.30 points, or 43.35%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (999.62) is broken. A broken support is considered to be a long-term bullish signal. 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 7, 2025 at 678.70 and reached 1057.39 on July 3, 2025. NOW gained -378.69 points, or -55.80%, in 12 weeks. Price is near the trend high.

Weekly Technical Indicators: [See NOW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 9, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend 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 June 23, 2025 at 956.83 and reached 1057.39 on July 3, 2025. NOW gained -100.56 points, or -10.51%, in 10 days. The price is now at the 12.63% retracement level.

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

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 6.77% on Friday. It is 54.91% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.44
Williams' Percentage Range (W%R) 39.40
Lane's Stochastic (%D-Slow) 79.76
Bearish
Greed/Fear Indicator (GFI) 66.92
Moving Average Converg./Diverg. (MACD) 7.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.06
Williams' Percentage Range (W%R) 10.50
Overbought
Lane's Stochastic (%D-Slow) 85.97
Overbought
Greed/Fear Indicator (GFI) 80.82
Overbought
Moving Average Converg./Diverg. (MACD) 8.82
Trading Signals
Description Value Chart
Price 1044.69
Upper Bollinger Band 1043.86
Weekly Stochastic Crossing 1042.06
Daily Stochastic Crossing 1041.59
20 Day Moving Average 1007.93
Quarterly Trendline Support 999.62
50 Day Moving Average 997.09
Parabolic System 985.00
Quarterly Trendline Resistance 976.16
Lower Bollinger Band 973.12
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Systems Software 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 992.00
Low Date 07/02/2025
High 1057.39
High Date 07/03/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 956.83
Low Date 06/23/2025
High 1057.39
High Date 07/03/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 678.70
Low Date 04/07/2025
High 1057.39
High Date 07/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 976.16
Support 999.62
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.