Support pressure at $135.22: Can NOW avoid deeper losses?

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Servicenow drops 3.1% today to $141.03

Highlights

ServiceNow addressed three major AI platform vulnerabilities, eliminating risks that could have allowed unauthenticated attackers to execute code or escalate privileges.
The company confirmed no signs of exploitation, mitigating customer and reputational risks and supporting operational stability.
Shares of ServiceNow trade under short-term selling pressure near $141.03, with intraday volatility and an expected range of $135.22 to $146.84 over the next several days.

Operational stability improves as security flaws are patched

ServiceNow recently addressed three critical vulnerabilities in its AI platform, closing gaps that could have allowed unauthenticated attackers to execute code, alter data, or escalate privileges, according to Bankinfosecurity. By remediating these issues and confirming that no exploitation has been detected, the company has mitigated potential customer and reputational risks associated with security exposure. This action helps maintain operational stability and reinforces trust in ServiceNow's offerings, though price action has remained under broader selling pressure.

Mixed momentum signals drive uncertainty amid intraday volatility

On the technical front, NOW is trading below the MA-20 but remains above the MA-50 on the working timeframe and the MA-200 on the daily chart. Immediate resistance is marked by the Ichimoku Kijun at $142.96, with intraday volatility remaining elevated. MACD and ADX currently favor buyers in terms of momentum, while RSI sits at 48.24 in Sell territory. Bull/Bear Power points to continued buyer dominance intraday, yet Stoch RSI and CCI are neutral. Divergence among oscillators and momentum signals highlights short-term uncertainty, while notable intraday selling pressure is not universally confirmed by trend indicators.

Consolidation expected as bearish risks edge higher

In the near term, NOW is likely to trade within a forecast range of $135.22 to $146.84 over the next several sessions. The probability of an upward move is currently 43%, with bearish outcomes somewhat more likely given current signals. The baseline scenario anticipates continued consolidation inside this corridor, with a breakout beyond $142.96 potentially opening a bullish path, while a drop below $135.22 would suggest further downside risk.

Viktoras Karapetjanc, expert at Traders Union, sees ServiceNow’s quick patching of vulnerabilities as a positive sign for operational discipline and product trust. He notes that the technical picture is clouded by short-term volatility, but the company’s decisive action on security helps steady investor sentiment. Near-term price action points to sideways movement within $135.22 to $146.84, with a slight bearish tilt but no major breakdown. 'If ServiceNow continues to reinforce its product integrity, I expect buyer confidence to gradually recover,' Karapetjanc says.

Previously it was reported that ServiceNow had demonstrated strong bullish momentum supported by robust earnings and positive technical indicators. The current analysis adds a new dimension by highlighting how timely remediation of critical AI security vulnerabilities has helped mitigate risk, with traders now watching the $142.96 resistance and $135.22 support as key levels for the next directional move.

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.