ServiceNow (NOW) stock price jumped sharply higher in its latest intraday trading, influenced by its breakout above a short-term bearish trend line, which provided the stock with additional positive momentum that helped it overcome the negative pressure from its 50-day SMA, signaling the stocks intention to extend this corrective upward wave in the near term, especially with continued positive signals from the Stochastic indicators.

Therefore we expect the stock price to rise in its upcoming trading, as long as it remains above the $94.75 level, targeting the $121.65 resistance level.

Todays price forecast: Bullish