Stock Analysis: Strong Growth Stock Technical Setups

Technical Rating and Analysis

Overall PANW gets a technical rating of 2 out of 10. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

PANW has an average volume of 6847770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that PANW is one of the better performing stocks in the market, outperforming 77% of all stocks. However, we also see that PANW couldn't keep up this performance in the last couple of months.

PANW is an average performer in the Software industry, it outperforms 67% of 275 stocks in the same industry.

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.

In the last month PANW has a been trading in the 265.00 - 290.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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 a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 283.87. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

259.34

294.05

When analyzing the support we can see 3 important areas.

A support zone ranging from 275.00 to 275.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 268.48 to 269.00. 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 283.87 to 291.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.