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NOW

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FALLING KNIFE
Support
$90.0
Resistance
$112
NOW ServiceNow, Inc. monthly candlestick chart with 50-day and 200-day moving averages, EMA crossovers, and RSI momentum indicator — falling knife as of May 22, 2026
NOW Monthly chart 2026-05-22 20:26:08 UTC
AI-generated analysis — not financial advice. For educational purposes only.

NOW Monthly Technical Analysis Summary

As of May 22, 2026, NOW (ServiceNow, Inc.) is in a falling knife state on the monthly chart, with a confidence level of 74%. Key support is at $90.0 and key resistance at $112. Sharp selloff from the $180-$210 area into ~$90, then a bounce back to ~$102; price remains below EMA50/EMA100 and below most key MAs while volume expanded on the dump; RSI-14 ~35 (weak/near-oversold).

Price Scenarios & Targets

bullish

Dead-cat bounce / basing attempt: hold the ~$90 swing-low zone, grind higher toward the EMA100 (~$112) and possibly tag the breakdown area around $120-$125 before sellers reappear (typical wave-4 style retrace after an impulsive drop).

Price Target
$125
Path to target
First move
$112
Pullback
$100
Final target
$125

bearish

Continuation selloff: failure to reclaim $112 and loss of ~$90 triggers another leg down (Elliott: extended wave-5 / capitulation tail risk), aiming for a deeper Fibonacci retrace of the prior 2023-2024 advance.

Price Target
$75.0
Path to target
First move
$90.0
Pullback
$105
Final target
$75.0

Key Triggers

Confirmation & Invalidation

✓ Confirmation

Monthly close back below $95 would confirm continued falling-knife pressure

✗ Invalidation

2 consecutive monthly closes above $112 (EMA100) would invalidate the falling-knife call (shift to bottoming/reversal risk)

Position Entry & Exit Levels

⊕ Add

Start $88.0 – $95.0
Add $78.0 – $88.0
Heavy $65.0 – $78.0

Scale into the swing-low support (~$90) first; add on breakdown/retest; heavy add only at deeper capitulation where reward/risk improves (below support + likely fib confluence).

⊖ Derisk

Trim 1 $138 – $150
Trim 2 $175 – $195
Close $210 – $235

Trim into reclaimed EMA50/overhead supply ($138-$150); heavier trims into prior distribution zone ($175-$195); fully close into prior blow-off top area ($210+).

Frequently Asked Questions

What is the monthly technical outlook for NOW today?

As of May 22, 2026, NOW (ServiceNow, Inc.) is in a falling knife state on the monthly chart with 74% confidence. Sharp selloff from the $180-$210 area into ~$90, then a bounce back to ~$102; price remains below EMA50/EMA100 and below most key MAs while volume expanded on the dump; RSI-14 ~35 (weak/near-oversold).

What are the monthly support and resistance levels for NOW?

On the monthly timeframe, NOW has key support at $90.0 and key resistance at $112. The most likely scenario (bullish) targets $112 and $125, with a revert level at $100.

Is NOW in an uptrend or downtrend?

NOW (ServiceNow, Inc.) is currently classified as falling knife on the monthly chart, with 74% confidence. Confirmation requires: Monthly close back below $95 would confirm continued falling-knife pressure This would be invalidated by: 2 consecutive monthly closes above $112 (EMA100) would invalidate the falling-knife call (shift to bottoming/reversal risk)

What are the price targets for NOW?

The most likely scenario (bullish) targets $112 and $125, with a revert level at $100. The alternative scenario (bearish) targets $90.0 and $75.0.

Other Timeframes for NOW
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