Verified Investing on $NOW (Oct 29, 2026)
ServiceNow, down about 27% in a broad software selloff, is heading toward major support around 103 from a trend line off the April 10 low; with a gap at 99, it has practically reached the psychological 100 support zone for tomorrow, and daily RSI is below 30 at 28.47.
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Next up, another stock that took a big hit, folks, look at ServiceNow, which is down about 27%. But as far as programming is concerned, we are going back to what could be called the "apocalypse of SaaS," where software is taking a major hit.
This is a big drop in ServiceNow, and the next major support level I see on the chart is coming down from a pivot point and a trend line drawn from the low of April 10 of this year to the other pivot points.
It looks like we are heading straight for that level at around 103. If you look across this trend line, there is a price gap at the $99 level. So, we have practically reached the psychological support zone at $100 for ServiceNow stock tomorrow, in addition to the daily Relative Strength Index (RSI) taking a strong hit below the 30 level to reach 28.47.