Will the earnings release impact the stock’s short‑term technical levels (support, resistance) and trading volume?

Short‑term technical outlook

The upcoming Q2‑FY26 earnings release on Aug 26 after market close will act as a classic “catalyst” for NCNO. In the last 4‑week chart the stock is trading just above its 200‑day EMA (≈ $34.8) and has respectably held the $35.00 – $36.00 range since the start of July, with the $35.00 level now acting as immediate support and the $38.00‑$39.00 zone serving as the next resistance (the prior swing‑high from early July). The earnings announcement is likely to trigger a spike in volume and can cause either a break‑out above $38‑$39 (if results beat expectations and guidance is strong) or a sharp retracement to $35 (if results miss). Given the sentiment score of 10 (extremely bullish) and the fact that the call is scheduled after the close, the most probable short‑term move will be a post‑close price gap rather than a gradual intraday move, which will shift the technical profile overnight.

Trading implications

- Pre‑earnings: Expect a volume uptick in the 2‑day window (Aug 24‑26) as options and swing traders position for the catalyst. The $35.00 support should be treated as a stop‑loss floor for long‑biased traders; a break below with volume >1.5× average could signal a short‑term breakdown.

- Post‑earnings: If the earnings beat and guidance raises the FY‑2026 outlook, the $38‑$39 resistance will likely be breached on higher volume, offering a buy‑the‑dip opportunity on a pull‑back to $35‑$36 with a target of $42‑$44 (previous highs). If the results are disappointing, expect a sell‑the‑news bounce to test the $35 support; a break below with heavy volume could push the next support near the 200‑day EMA at $34.8 and further to the $32‑$33 zone. In either scenario, volume will be a key confirming factor, so monitor the relative volume (RVOL) and order flow on the evening of Aug 26 and the following day’s opening.