PALO ALTO NETWORKS INC (PANW) Stock Technical Analysis
NASDAQ:PANW • US6974351057
Taking everything into account, PANW scores 0 out of 10 in our technical rating. PANW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 85% of all other stocks performed better in the past year than PANW.
- PANW is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month PANW has a been trading in the 147.15 - 189.39 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- PANW has an average volume of 8842790 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 63% of 276 stocks in the same industry.
The technical rating of PANW is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
150.82
We found 1 important support area.
- A support zone ranging from 152.34 to 152.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- Resistance @152.80 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 166.96 to 166.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 175.94 to 177.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @187.31 from a trend line in the daily time frame.
- Resistance @198.84 from a horizontal line in the daily time frame.
- Resistance @204.64 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for PANW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PANW is down. |
| ChartMill Relative Strength | 15.75 | NEGATIVE | PANW has a low relative strength, it was outperformed by 84.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PANW is below a declining 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) | 29.83 | OVERSOLD | The low RSI value suggests PANW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.77 | NEGATIVE | The MACD value suggests PANW has a negative trend. |
| Stochastics (14,3) | 29.66 | NEUTRAL | The Stochastics value for PANW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for PANW suggests some volalility. |
| Average Directional Index/ADX (14) | 31.66 | POSITIVE | The high ADX value value for PANW suggests a strong trend. |
152.35
-11.15 (-6.82%)
PALO ALTO NETWORKS INC / PANW FAQ
What is the ChartMill technical rating of PALO ALTO NETWORKS INC (PANW) stock?
ChartMill assigns a technical rating of 0 / 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 29.8264. This indicates that the stock is currently oversold.
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 -0.77076, indicating a bearish 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 152.34 and a resistance level at 152.8. Check the full technical report for our detailed analysis of PANW support and resistance levels.