Open buy · week 8 · second trimming window open
ServiceNow slips 0.9% under its 200-week average while the tech sector climbs
Our view last week
While the XLK tech ETF climbed 3.5%, ServiceNow ended the week flat, up 0.1%, with a small-bodied candle and sellers clearly ahead on volume. Last week's rebound found no follow-through: price slips back just under the 20-day moving average, in the 136 area. ServiceNow stock stays in a buy signal, 8.6% up from entry, and the technical analysis calls for a close watch on the price action.
This week's summary
For the second week running ServiceNow lags its sector: it slips 0.9% while XLK, the technology ETF, gains 1.8%. Price went back to the 141 area, but the 200-week moving average, in the 137.5 area, turned it away again and volumes are contracting. ServiceNow stock stays in a buy signal, 7.6% up from entry: the technical analysis and the price action call for patience among tech stocks, with earnings on October 28 approaching.
IQS Phase
45
ordinary
Signal Strength
70
high · wide & volatile
Sizing
FULL
Ranking
#42 / 93
US stocks in progress
Trade P&L %
+7.61%
from signal to date, no stop loss
ServiceNow (NOW) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 42nd among the 93 Longs already running for US stocks in our ranking, with a signal strength of 70 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
NOW belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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