96 Support, 105 Breakout
Analyst's reasoning:ServiceNow is described as having broken out from a bullish descending wedge and consolidations, but it still needs confirmation. The call is conditional: cross above 96 and maintain it, then a move above 105 could happen next week.
Analyst's reasoning:NOW is already breaking out of a bullish descending wedge after a sharp ~66.6% drawdown, shifting the chart structure in favor of upside. A clear confirmation level sits around $96, following consolidation after the move down near ~$85 from the $105 fall.
Analyst's reasoning:Service Now broke out of a bullish descending wedge and is down 66% from all-time highs, leaving room to run. The upside trigger is consolidation with candles above $105; failure keeps downside risk alive below that level.
Analyst's reasoning:The upside trigger is consolidation above $105, which is currently not confirmed. A prior move back to $105 followed a massive pullback, and the next step is getting candles above $105 to open the path to the higher target.
Analyst's reasoning:The stock is trading well in a sideways pattern, which suggests it could continue to build strength. A move toward $110 is a reasonable expectation given the current technical setup.
Analyst's reasoning:Service Now has dropped over 50%, and the technical setup shows strong lower highs and lower lows while AI and broader markets hit highs. The core risk is that even if markets correct, the stock may still lack enough business momentum to stabilize quickly.