PALO ALTO NETWORKS INC (PANW) Stock Technical Analysis
NASDAQ:PANW - Nasdaq - US6974351057 - Common Stock - Currency: USD
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.
69% of all other stocks performed better in the past year than PANW.
PANW is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PANW has an average volume of 7222740 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 52% of 283 stocks in the same industry.
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.
Although the technical rating is bad, PANW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
150.91
210.36
We found 3 important support areas.
- Support @167.92 from a trend line in the daily time frame.
- Support @160.54 from a trend line in the weekly time frame.
- A support zone ranging from 152.43 to 153.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @177.10 from a horizontal line in the daily time frame.
- A resistance zone ranging from 201.18 to 203.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @208.28 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 | 31.89 | NEUTRAL | PANW is not amongst the best or worst performers 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) | 44.18 | NEUTRAL | The RSI value for PANW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests PANW has a positive trend. |
| Stochastics (14,3) | 23.51 | NEUTRAL | The Stochastics value for PANW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for PANW suggests some volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for PANW suggests a strong 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)
177.09
+3.54 (+2.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.04%
1 Week6%
2 Weeks2.44%
1 Month-9.55%
3 Month-8.23%
6 Month-11.47%
12 Month6.01%
2 Year45.57%
3 Year90.83%
5 Year312.78%
10 Year547.02%
15 YearN/A
Volatility
ATR(14)7.42
ATR(20)%3.75%
ATR Inc-43.76%
Range Today3.86
ADR(20)6.13
ADR(20)%3.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.89
Mansfield-1.27
10 Day High180.39
10 Day Low165.21
20 Day High210.39
20 Day Low165.21
52 Week High210.39
52 Week Low144.15
CS1 End167.92
CR1 Start177.1
Volume & EV
DER(3)-0.14%
DER(5)0.99%
Volume9.55M
Volume Incr4.96%
Vol(5)10.41M
Vol(50)7.22M