PALO ALTO NETWORKS INC (PANW) Technical Analysis
NASDAQ:PANW • US6974351057
Current stock price
PANW Technical Rating and Analysis
Overall PANW gets a technical rating of 5 out of 10. In the past year, PANW was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, PANW is a bad performer in the overall market: 69% of all stocks are doing better.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- PANW is one of the better performing stocks in the Software industry, it outperforms 73% of 272 stocks in the same industry.
- In the last month PANW has a been trading in the 143.50 - 181.52 range, which is quite wide. It is currently trading near the high of this range.
- PANW has an average volume of 10041200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PANW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PANW is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PANW Weekly and Daily overview Charts
PANW 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.
More info and screens
PANW Support and Resistance Analysis
149.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 165.41 to 167.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 155.72 to 155.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @151.44 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 178.55 to 181.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
PANW Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for PANW is up. |
| ChartMill Relative Strength | 31.15 | NEUTRAL | PANW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PANW is above 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) | DOWN | NEGATIVE | The current price of PANW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.17 | NEUTRAL | The RSI value for PANW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.62 | POSITIVE | The MACD value suggests PANW has a positive trend. |
| Stochastics (14,3) | 87.2 | OVERBOUGHT | The high Stochastics value suggests PANW may be overbought. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for PANW suggests some volalility. |
| Average Directional Index/ADX (14) | 12.76 | NEGATIVE | The low ADX value for PANW suggests a weak or negative trend. |
PANW Chart- and CandleStick Pattern Analysis
PANW Technicals: Chart, Performance Metrics, Trend & Indicators
178.54
+5.33 (+3.08%)
PALO ALTO NETWORKS INC / PANW TA FAQ
What is the ChartMill technical rating of PALO ALTO NETWORKS INC (PANW) stock?
ChartMill assigns a technical rating of 5 / 10 to PANW.
What is the trend direction for PANW stock?
The current trend direction for PALO ALTO NETWORKS INC (PANW) is Bearish.
Can you provide the RSI signal for PALO ALTO NETWORKS INC?
PALO ALTO NETWORKS INC (PANW) has an RSI value of 60.1669. This indicates that the stock is currently neutral.
What is the support and resistance level for PANW stock?
PALO ALTO NETWORKS INC (PANW) has a support level at 167.1 and a resistance level at 178.55. Check the full technical report for our detailed analysis of PANW support and resistance levels.