ServiceNow Stock Soars on AI Enthusiasm

ServiceNow shares are experiencing a notable upswing, with the stock trading substantially higher than its short- and intermediate-term moving averages. This rally is attributed, in part, to the increasing impact of modern AI tools. These technologies are revolutionizing business operations by accelerating the transformation of ideas into functional prototypes, analyses, and code, thereby enabling teams to deliver value more rapidly.

Technically, ServiceNow is trading 26.7% above its 20-day Simple Moving Average (SMA) and 24.3% above its 50-day SMA. However, the stock remains 14.6% below its 200-day SMA, indicating that the longer-term trend is still in a recovery phase following a past 'death cross' event in August 2025. Improving momentum, with the MACD above its signal line and a positive histogram, suggests that downward pressure is easing.

Key resistance is identified around $126.50, a pivot area where the stock's upward movement might pause before attempting to reach longer-term averages. Support is expected near $98.00, aligning with the 50-day/20-day moving average zone, which could serve as a test point for pullbacks after the recent sharp bounce. As of publication on Friday, ServiceNow shares were up 13.05%.