Now is the time to buy ServiceNow (NYSE: NOW) because, after correcting 40% from its early 2025 high, the rebound is on. The Q1 results sent the share price up more than 15% to confirm a significant technical reversal. The market shows a textbook head & shoulders reversal pattern strengthened by the robust post-release move and subsequent march higher.
The market for NOW stock shows support not only at the recent lows, aligning with the H&S pattern, but also at the critical 150-day exponential moving average (EMA), which suggests that institutional investors are in the mix. Institutional data reported by MarketBeat shows that this group has been buying the stock on balance for more than six consecutive quarters and is ramping higher in H1 2025.
