Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.


PALO ALTO NETWORKS INC

Nasdaq / Information Technology / Software

Technical Rating and Analysis

4

Taking everything into account, PANW scores 4 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 has an average volume of 6870060 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!
Looking at the yearly performance, PANW did better than 80% of all other stocks. However, PANW's most recent performance is quite weak.
PANW is an average performer in the Software industry, it outperforms 68% 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.
Weekly and Daily overview Charts
PANW Weekly chart
PANW Daily chart
Setup Rating and Analysis

8

Although the technical rating is only medium, PANW does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 281.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 278.48, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

259.34

286.71

We found 3 important support areas.

  • A support zone ranging from 276.63 to 278.48. 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 268.85 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 281.15 to 283.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.15
Mansfield-0.1
10 Day High285.49
10 Day Low265.25
20 Day High290.9
20 Day Low265
52 Week High380.84
52 Week Low176.3
Performance
1 Week-0.96%
2 Weeks6.01%
1 Month-0.32%
3 Month-16.76%
6 Month15.65%
12 Month45.48%
2 Year50.27%
3 Year138.67%
5 Year238.96%
10 Year1226.55%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)1.79
RSI(14)48.71
LBB264.28
UBB286.27