Stock Analysis: Strong Growth Stock Technical Setups

Technical Rating and Analysis

Taking everything into account, PANW scores 5 out of 10 in our technical rating. Although PANW is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

PANW is part of the Software industry. There are 276 other stocks in this industry. PANW outperforms 72% of them.

In the last month PANW has a been trading in the 265.00 - 295.00 range, which is quite wide. It is currently trading near the high of this range.

PANW has an average volume of 6741140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

When comparing the yearly performance of all stocks, we notice that PANW is one of the better performing stocks in the market, outperforming 85% of all stocks. However, PANW's most recent performance is quite weak.

PANW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PANW is lagging the market slightly.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

PANW has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

259.34

296.77

3 important support areas can be observed.

A support zone ranging from 275.20 to 282.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 269.00 to 270.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 261.96 to 261.97. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 290.85 to 293.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.