NOW slips further with downside pressure, oversold RSI, and key support eyed near $91.84

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ServiceNow falls 1.71% this week

Highlights

ServiceNow (NOW) trades at $102.49, below the MA-20 ($109.37), MA-50 ($131.86), and MA-200 ($173.02), signaling sustained bearish pressure across all timeframes.
Momentum indicators, including MACD and ADX, remain strongly bearish, with oversold readings from RSI and CCI, while Stochastic RSI suggests a potential short-term bounce.
Key support is near $91.84 and resistance at $105.31, with less than 20% probability of price increase and expectations of continued sideways to downward movement.

Resilient subscription gains and buybacks support bullish sentiment this week

ServiceNow reported strong fourth-quarter 2025 subscription revenue growth of 21% to $3.47 billion, surpassing consensus estimates and reflecting continued fundamental strength. The company initiated an additional $5 billion share repurchase program and a $2 billion accelerated buyback, demonstrating confidence in its outlook. It also acquired Pyramid Analytics in February 2026 to enhance analytics and AI capabilities and entered a strategic partnership with Tata Consultancy Services to accelerate enterprise AI adoption.

Decisive bearish technicals as weekly momentum and major averages align lower

Weekly technicals remain decisively bearish, with NOW trading below all major weekly moving averages and the Ichimoku Kijun serving as dynamic resistance at $117.32. Weekly support stands near the recent intraday low, while resistance is positioned at $105.31. Bearish momentum is confirmed by weekly MACD and ADX readings. Both RSI and Commodity Channel Index are in oversold territory, although the Stochastic RSI's overbought signal hints at the possibility of a short-term bounce, while other weekly indicators, such as the Awesome Oscillator and Bull/Bear Power, remain inconclusive or negative.

Sideways range likely in coming week as persistently weak momentum prevails

For the next five to seven trading days, NOW is expected to move within a $91.84 to $105.31 range, favoring a sideways pattern given the overall weakness in weekly momentum indicators. The likelihood of a sustained price increase is very low, with less than a 20% chance of breaking resistance. The base case is for continued sideways movement between support and resistance, while a more pronounced bearish scenario could see the $91.84 support retested if downward momentum persists. Recovery above $105.31 would need a clear reversal in weekly trend signals.

Jainam Mehta, market strategist, believes ServiceNow remains structurally weak this week, with persistent downside pressure confirmed by price trading below all major weekly moving averages. Despite strong quarterly fundamentals and new buyback initiatives, he notes that technical momentum stays bearish and the asset is locked in a sideways range. Mehta sees little probability of an immediate breakout above $105.31, though oversold signals hint at the chance for tactical bounces. "My tactical view is neutral — I’m watching the $91.84 to $105.31 band for range trades, but conviction in a sustainable trend reversal is low unless resistance is clearly reclaimed."

Previously it was reported that ServiceNow, Inc. continues to trade well below its major moving averages, underscoring pervasive seller dominance and sustained bearish momentum across all timeframes, as confirmed by a strong negative MACD and elevated ADX readings. Despite a modest price rebound and emerging oversold signals on the daily RSI and CCI, resistance near the Ichimoku Kijun level remains intact, and major momentum indicators show no clear trend reversal.

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

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