ServiceNow stock is trending. Where is NOW stock headed?
What Is Driving ServiceNow’s Stock Momentum?ServiceNow’s second-quarter beat and raised outlook are still the core support, with adjusted EPS of 90 cents versus 85 cents expected and revenue of $3.99 billion versus $3.93 billion expected. The company also lifted full-year subscription revenue growth guidance to 21%, reinforcing the AI-led demand narrative.AI monetization is showing up in deal flow, with 24 security deals above $1 million and AI annual contract value surpassing $1 billion. Traders also keep circling cRPO, which grew 21.5% in constant currency, with an outlook calling for 20% constant-currency growth.Critical Levels To Watch For NOW StockFrom a trend perspective, the stock is back above its short- and intermediate-term moving averages (about 4%–7% above the 20-, 50- and 100-day SMAs), but it’s still about 12% below the 200-day SMA—so the longer-term downtrend pressure hasn’t fully cleared. That lines up with the bigger 12-month drawdown of 44.69%.Momentum is improving: MACD is above its signal line and the histogram is positive, which typically means downside pressure is easing and buyers are gaining traction versus the prior downswing. In plain English, MACD compares two moving averages, and being above the signal line suggests momentum is shifting more in the bulls’ favor even if the longer-term trend is still repairing.Key levels are fairly clean here, with a near-term ceiling overhead and a deeper "line in the sand" below that traders will watch if the market stays choppy.
