Monday, March 9, 2026

Now stock daily chart showing bullish reversal pattern or not today

 The ServiceNow (NOW) daily chart currently shows a confirmed bullish reversal as of March 9, 2026. This trend shift is primarily defined by a double bottom breakout that triggered last week and has since seen sustained upward momentum.

Key Technical Indicators (March 9, 2026)
  • Reversal Pattern: A Double Bottom bullish reversal was confirmed with a breakout above the $110.85 neckline.
  • Moving Averages:
    • The stock has reclaimed and confirmed its 20-day moving average ($106.17) as a support level.
    • It is currently trading above its 50-day ($113.60) and 200-day ($110.78) moving averages, which is a significant long-term bullish signal.
  • Oscillators:
    • MACD: 3.150, indicating a clear "Buy" signal.
    • RSI (14-day): 73.45, suggesting the stock is in a strong uptrend but approaching overbought territory.
  • Daily Price Action: ServiceNow opened at $123.06 and reached a high of $126.67 during today's session, despite broader market volatility.
Recent Price History

DateOpenHighLowClose
Mar 9, 2026$123.06$126.67$121.29$121.68 (Current)
Mar 6, 2026$120.50$124.66$120.18$124.34
Mar 5, 2026$114.77$122.08$114.13$120.38
Mar 4, 2026$112.11$115.21$111.50$113.86

No comments:

Post a Comment