PALO ALTO NETWORKS INC (PANW) Technical Analysis
NASDAQ:PANW • US6974351057
Current stock price
PANW Technical Rating and Analysis
Taking everything into account, PANW scores 2 out of 10 in our technical rating. 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.
- 77% of all other stocks performed better in the past year than PANW.
- PANW is one of the better performing stocks in the Software industry, it outperforms 70% of 277 stocks in the same industry.
- In the last month PANW has a been trading in the 139.57 - 171.17 range, which is quite wide. It is currently trading near the high of this range.
- PANW has an average volume of 10967600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- 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.
PANW Weekly and Daily overview Charts
PANW Setup Rating and Analysis
PANW has a poor technical rating and the quality of the setup is also 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
147.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 162.38 to 164.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @148.69 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 167.03 to 171.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @204.64 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for PANW is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PANW is up. |
| ChartMill Relative Strength | 23.12 | NEGATIVE | PANW has a low relative strength, it was outperformed by 76.88% off all stocks 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) | DOWN | NEGATIVE | The current price of PANW is below a declining 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) | 56.27 | NEUTRAL | The RSI value for PANW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.75 | POSITIVE | The MACD value suggests PANW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.84 | OVERBOUGHT | The high Stochastics value suggests PANW may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for PANW suggests some volalility. |
| Average Directional Index/ADX (14) | 21.87 | NEUTRAL | The ADX value for PANW suggests a possible start of a new trend. |
PANW Chart- and CandleStick Pattern Analysis
PANW Technicals: Chart, Performance Metrics, Trend & Indicators
167.015
-1.11 (-0.66%)
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 2 / 10 to PANW.
What is the trend direction for PANW stock?
The current trend direction for PALO ALTO NETWORKS INC (PANW) is Bearish.
What is the RSI signal for PANW stock?
PALO ALTO NETWORKS INC (PANW) has an RSI value of 56.2694. This indicates that the stock is currently neutral.
What is the MACD signal for PALO ALTO NETWORKS INC (PANW) stock?
The MACD indicator for PALO ALTO NETWORKS INC (PANW) has a value of 2.74892, indicating a bullish trend.
What are the support and resistance levels for PALO ALTO NETWORKS INC (PANW) stock?
PALO ALTO NETWORKS INC (PANW) has a support level at 164.93 and a resistance level at 167.03. Check the full technical report for our detailed analysis of PANW support and resistance levels.