ServiceNow (NOW) Price Forecast Summary

Author: Bruce Powers

Published: March 04, 2026

Key Points

• Double bottom breakout confirmed above the $110.85 neckline.
• Bullish RSI divergence supports the reversal structure.
• 20-day moving average reclaimed and confirmed as support.
• Initial upside target zone set at $135.73–$141.35.
• Pullback support identified at $110.85 and the rising 20-day average.

Double Bottom Breakout from Major Fibonacci Support

ServiceNow, Inc. (NOW) has recently triggered a double bottom bullish reversal pattern with a breakout above the $110.85 level. This breakout occurred near the 78.6% Fibonacci retracement of the upswing from the October 2022 low and a 150% extension of the April 2025 advance. The bullish divergence in the Relative Strength Index (RSI) further supports the potential for a bottom. Traders are closely monitoring the first pullback for possible continuation setups.

Reclaim of 20-Day Moving Average Signals Near-Term Strength

Strength indicators began to emerge following the second bottom at $99.18, marked by a gap up above the 20-day moving average, which had previously acted as trend resistance since November. The initial low for the bear trend was $98.00, culminating in a 59.1% decline from the peak of $239.62 in January 2025. The recovery of the 20-day average was confirmed as support, suggesting that the trend may be poised for continuation.

Weekly Structure Points to Overhead Resistance Levels

The bullish reversal pattern triggered from a key Fibonacci retracement zone, following a significant bearish correction, indicates that the counter-trend rally could test resistance levels near the downtrend line and the 50-week moving average. However, additional strength is necessary before these higher resistance levels can be approached.

The initial target zone begins with the April 2025 higher swing low of $135.73, marking the lower boundary of a target range extending up to the 38.2% Fibonacci retracement level at $141.35. The falling 20-week moving average will be a critical indicator for assessing the strength of the rally. Potential support levels on a pullback are the neckline of the double bottom at $110.85 and the rising 20-day moving average at $106.17.

Conclusion

The analysis of ServiceNow (NOW) indicates a potential bullish reversal following a significant correction. Traders should watch for confirmation of support levels and the strength of the rally as it approaches key resistance zones.

About the Author

Bruce Powers is a seasoned finance professional with over 20 years of experience in financial markets. He holds an MBA and is a CMT® charter holder. Bruce has served as head of trading strategy at hedge funds and as a corporate advisor for trading firms, providing actionable insights through both technical and fundamental analyses.