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NOW

weekly
Daily Weekly Monthly
FALLING KNIFE
Support
$90.0
Resistance
$111
NOW ServiceNow, Inc. weekly candlestick chart with 50-day and 200-day moving averages, EMA crossovers, and RSI momentum indicator — falling knife as of May 22, 2026
NOW Weekly chart 2026-05-22 20:38:39 UTC
AI-generated analysis — not financial advice. For educational purposes only.

NOW Weekly Technical Analysis Summary

As of May 22, 2026, NOW (ServiceNow, Inc.) is in a falling knife state on the weekly chart, with a confidence level of 78%. Key support is at $90.0 and key resistance at $111. Sharp selloff to new swing lows with a small bounce; price ~$102.13 remains well below all key MAs (EMA50/100/200 and SMA50/100/200).

Price Scenarios & Targets

bearish

Bear flag / oversold bounce fails under prior breakdown zone; sellers defend the first meaningful resistance and price retests the recent lows.

Price Target
$80.0
Path to target
First move
$90.0
Pullback
$111
Final target
$80.0

bullish

Capitulation low holds and a bottoming attempt develops; price reclaims the near-term breakdown area and mean-reverts toward the falling EMA20/major prior support.

Price Target
$137
Path to target
First move
$120
Pullback
$105
Final target
$137

Key Triggers

Confirmation & Invalidation

✓ Confirmation

Weekly close below $90 would confirm continued falling-knife pressure

✗ Invalidation

Two weekly closes back above $120 would invalidate the falling-knife call and shift toward a bottoming attempt

Position Entry & Exit Levels

⊕ Add

Start $92.0 – $100
Add $84.0 – $92.0
Heavy $75.0 – $84.0

Scale-in only near the swing-low support ($90) and lower Fibonacci retracement/extension zones; trend is still down so entries are value/capitulation-based, not trend-following.

⊖ Derisk

Trim 1 $148 – $168
Trim 2 $185 – $205
Close $220 – $240

If mean reversion reaches the heavy MA cluster (EMA100/EMA200/SMA50-100 overhead) and prior distribution highs, trim into resistance because the larger-cycle structure remains damaged until those levels are reclaimed.

Frequently Asked Questions

What is the weekly technical outlook for NOW today?

As of May 22, 2026, NOW (ServiceNow, Inc.) is in a falling knife state on the weekly chart with 78% confidence. Sharp selloff to new swing lows with a small bounce; price ~$102.13 remains well below all key MAs (EMA50/100/200 and SMA50/100/200).

What are the weekly support and resistance levels for NOW?

On the weekly timeframe, NOW has key support at $90.0 and key resistance at $111. The most likely scenario (bearish) targets $90.0 and $80.0, with a revert level at $111.

Is NOW in an uptrend or downtrend?

NOW (ServiceNow, Inc.) is currently classified as falling knife on the weekly chart, with 78% confidence. Confirmation requires: Weekly close below $90 would confirm continued falling-knife pressure This would be invalidated by: Two weekly closes back above $120 would invalidate the falling-knife call and shift toward a bottoming attempt

What are the price targets for NOW?

The most likely scenario (bearish) targets $90.0 and $80.0, with a revert level at $111. The alternative scenario (bullish) targets $120 and $137.

Other Timeframes for NOW
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