ServiceNow (NOW) Price Forecast Summary

Key Highlights

• ServiceNow reached a new recovery high of $154.20.
• A breakout above $141.52 strengthens the bullish outlook.
• Higher swing low at $126.75 reinforces the recovery structure.
• A bullish flag breakout awaits confirmation above $149.60.
• A break above $154.20 could open a path toward $179 and $211.

Market Analysis

ServiceNow Inc. (NOW), an enterprise software company, has advanced to a new recovery high of $154.20, testing a key near-term resistance zone first approached in August. This advance follows a higher swing low of $81.24 established in April and the reclaiming of the 50-week moving average in August. The technical indicators suggest that the 66% bearish correction that followed the January peak of $239.62 may have completed.

Resistance and Support Levels

NOW has risen to a significant resistance zone marked by a falling trendline. The recovery above the key resistance level at $141.52 from a peak in 2021 indicates strengthening market sentiment. The price has remained above this level for the first time since early January, suggesting a potential continuation of the bullish trend.

The establishment of a higher swing low at $126.75, following a 38.2% Fibonacci retracement of the prior advance, reinforces the bullish structure. The support near the 50-week moving average, currently around $122.55, adds further confidence to the bullish outlook.

Breakout Potential

Last week’s price action indicated a breakout of a bullish flag pattern on the daily chart, with support at the 50-day moving average. Confirmation of this breakout is anticipated with a daily close above the high of the pattern at $149.60. A decisive rally above $154.20 would signal a continuation of the bullish recovery, potentially leading to tests of resistance near the 61.8% Fibonacci retracement at $179.12, followed by a lower swing high at $211.48 from July 2025.

Conclusion

The technical analysis of ServiceNow suggests a bullish outlook, with key resistance levels being tested and potential for further gains if breakout levels are confirmed. Investors should monitor these levels closely for signs of continued strength in the stock.