ServiceNow stock price forecast: bears control momentum as NOW trades near lows

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Servicenow drops 3.25% to $106.20 today

Highlights

ServiceNow delivered strong Q4 2025 results with revenue up 20.5% year-over-year to $3.57 billion, beating analyst expectations on adjusted EPS at $0.92.
The company expanded its AI portfolio—including a $600 million annual contract value for Now Assist—and announced a $7.75 billion acquisition of Armis alongside a $5 billion share buyback authorization.
Technically, ServiceNow's price at $106.20 trades well below key moving averages with a bearish momentum, oversold indicators, and the next pivotal support at $105.50.

AI partnerships and acquisitions drive bullish sentiment after robust earnings

ServiceNow reported strong fourth-quarter 2025 results, with revenue rising 20.5% year-over-year to $3.57 billion and adjusted earnings per share coming in at $0.92, surpassing analyst expectations. The company highlighted continued AI-driven product expansion with the Now Assist suite reaching $600 million in annual contract value, and announced new AI partnerships with Anthropic and Microsoft. Additional key developments included a $7.75 billion agreement to acquire cybersecurity startup Armis and the approval of a $5 billion share buyback program.

Bearish momentum intensifies as technical signals confirm seller control

At $106.20, ServiceNow’s price trades significantly below the MA-20 ($131.66), MA-50 ($148.99), and MA-200 ($178.39), signaling persistent seller pressure and confirming a downward trend across all timeframes. The nearest dynamic resistance is marked by the Ichimoku Kijun at $131.91, while there are no immediate dynamic supports from the moving averages above the current price, reinforcing a bearish technical setup. Momentum remains negative, with both the MACD and ADX on the daily chart clearly in sell territory, indicating strong and persistent bearish momentum. Oversold conditions dominate: the RSI is at 22.49, the Stochastic RSI stands at 19.30, and the Commodity Channel Index is at –161.19, suggesting an exhausted market in the short term. Bull/Bear Power is sharply negative at –10.40, confirming that sellers overwhelmingly control intraday direction. The Awesome Oscillator also aligns with the bearish trend, while ServiceNow is currently down 3.25% on the day after opening lower than the previous close (gap down). The price sits near the low end of today’s narrow $107.11–$107.71 range, with low volatility and continued pressure after the open; daily performance and intraday momentum reinforce each other and support the prevailing downtrend.

Further downside risk likely as oversold market faces low rebound odds

Looking forward, the expected price range for the next five trading days is $105.50–$108.50, representing a typical volatility band relative to current levels. The probability of a price increase in the short term remains very low (less than 20%), so further declines are much more likely. The baseline scenario is for price to fluctuate sideways within this tight range as oversold conditions persist and selling slows. A rebound above $132 (Ichimoku Kijun) may trigger short covering, though such a move is highly improbable with current momentum; however, a sustained break below $105.50 could accelerate further selling in the absence of nearby dynamic support.

Anton Kharitonov, analyst at Traders Union, notes that ServiceNow shows persistently weak technicals, with price action firmly below all key moving averages. He sees strong bearish momentum confirmed by oversold conditions, and sentiment remains negative despite solid fundamental results and ongoing AI expansion initiatives. The analyst underscores that there is little chance for a meaningful rebound while intraday levels fail to attract buyers and with the next dynamic resistance out of reach. "With seller control intact and no real technical support, I see the base case as further sideways or downward drift — I remain strictly defensive until $132 is reclaimed."

Recently it was reported that ServiceNow continues to trade well below its key moving averages, with strong bearish momentum indicated across MACD, ADX, and multiple oversold readings on RSI and CCI, and limited support from technical levels. The nearest resistance is at the Ichimoku Kijun around $134.41, and with persistent downside pressure and high volatility, the risk-reward favors further consolidation or decline rather than a rebound in the near term.

Source of Data: NOW Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.