ServiceNow (NOW) stock edged slightly higher in its recent intraday trading, in an attempt to recover part of its previous losses, while also trying to ease some of its oversold conditions in the Relative Strength Index, especially with the emergence of a positive crossover, amid continued negative pressure due to trading below its 50-day simple moving average, which reinforces the stability and dominance of the main medium-term downward trend, with price movements aligned along a short-term secondary trend line supporting this path.

Therefore we expect the stock price to decline in the coming trading sessions, as long as it remains below the resistance level at $112.50, targeting the key support level at $98.00.

Todays price forecast: Bearish