Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
Nasdaq / Information Technology / Software
We assign a technical rating of 8 out of 10 to PANW. PANW has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
PANW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 182.37, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
151.27
3 important support areas can be observed.
- A support zone ranging from 179.25 to 182.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @157.58 from a trend line in the weekly time frame.
- Support @152.80 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 188.74 to 190.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @193.83 from a trend line in the daily time frame.
- A resistance zone ranging from 202.95 to 202.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PANW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PANW is neutral. |
| ChartMill Relative Strength | 77.65 | POSITIVE | PANW has a high relative strength, it outperformed 77.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PANW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PANW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PANW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.98 | NEUTRAL | The RSI value for PANW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.92 | NEGATIVE | The MACD value suggests PANW has a negative trend. |
| Stochastics (14,3) | 36.21 | NEUTRAL | The Stochastics value for PANW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PANW suggests some volalility. |
| Average Directional Index/ADX (14) | 18.33 | NEGATIVE | The low ADX value for PANW suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 190.53 | 179.24 | 11.29 (5.93%) | 16.88% |
| An entry @190.53. This is a Buy Stop order right above the resistance zone. | An exit @179.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.29 points, which is 5.93%. | For a 1.00% total portfolio risk, you can invest 16.88% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.