PALO ALTO NETWORKS INC (PANW) Stock Technical Analysis
NASDAQ:PANW - Nasdaq - US6974351057 - Common Stock - Currency: USD
Overall PANW gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PANW is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
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. On top of that, PANW also shows a nice and consistent pattern of rising prices.
PANW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PANW has a been trading in the 186.00 - 206.18 range, which is quite wide. It is currently trading near the high of this range.
PANW has an average volume of 4984540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PANW is an average performer in the Software industry, it outperforms 64% of 282 stocks in the same industry.
Besides having an excellent technical rating, PANW also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 202.95, a Stop Loss order could be placed below this zone.
More info and screens
151.27
210.37
4 important support areas can be observed.
- A support zone ranging from 192.77 to 202.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 187.38 to 187.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @159.44 from a trend line in the weekly time frame.
- Support @152.80 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @203.28 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 208.28 to 208.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | UP | POSITIVE | The long term trend for PANW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PANW is up. |
| ChartMill Relative Strength | 77.45 | POSITIVE | PANW has a high relative strength, it outperformed 77.45% 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) | 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) | 57.67 | NEUTRAL | The RSI value for PANW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests PANW has a positive trend. |
| Stochastics (14,3) | 75.4 | NEUTRAL | The Stochastics value for PANW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for PANW suggests some volalility. |
| Average Directional Index/ADX (14) | 14.2 | NEGATIVE | The low ADX value for PANW suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 203.29 | 192.76 | 10.53 (5.18%) | 19.31% |
| An entry @203.29. This is a Buy Stop order right above the resistance zone. | An exit @192.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.53 points, which is 5.18%. | When investing 19.31% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
203.27
+2.11 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.05%
1 Week3.83%
2 Weeks8.47%
1 Month0.46%
3 Month13.57%
6 Month8.3%
12 Month24.4%
2 Year62.64%
3 Year144.36%
5 Year376.56%
10 Year556.31%
15 YearN/A
Volatility
ATR(14)5.35
ATR(20)%2.58%
ATR Inc-29.4%
Range Today4.62
ADR(20)5.08
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.45
Mansfield0.07
10 Day High205.27
10 Day Low186
20 Day High206.18
20 Day Low186
52 Week High208.39
52 Week Low142.01
CS1 End202.95
CR1 Start203.28
Volume & EV
DER(3)2.68%
DER(5)0.81%
Volume3.46M
Volume Incr-12.62%
Vol(5)4.14M
Vol(50)4.98M