PALO ALTO NETWORKS INC (PANW) Stock Technical Analysis
NASDAQ:PANW • US6974351057
We assign a technical rating of 0 out of 10 to PANW. PANW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 83% of all other stocks performed better in the past year than PANW.
- PANW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- PANW is one of the better performing stocks in the Software industry, it outperforms 70% of 276 stocks in the same industry.
- PANW has an average volume of 8169010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PANW has a been trading in the 151.71 - 189.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of PANW is bad and it also does not present a quality setup 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
151.27
When analyzing the support we can see 2 important areas.
- Support @159.31 from a horizontal line in the weekly time frame.
- A support zone ranging from 152.80 to 154.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @166.96 from a horizontal line in the daily time frame.
- Resistance @177.23 from a trend line in the daily time frame.
- A resistance zone ranging from 187.78 to 189.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 17.74 | NEGATIVE | PANW has a low relative strength, it was outperformed by 82.26% 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) | 40.88 | NEUTRAL | The RSI value for PANW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests PANW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.32 | NEUTRAL | The Stochastics value for PANW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for PANW suggests some volalility. |
| Average Directional Index/ADX (14) | 29.54 | POSITIVE | The high ADX value value for PANW suggests a strong trend. |
166.95
+4.14 (+2.54%)
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 40.8751. 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 -0.386542, 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 159.31 and a resistance level at 166.96. Check the full technical report for our detailed analysis of PANW support and resistance levels.