PALO ALTO NETWORKS INC (PANW) Stock Technical Analysis
USA - NASDAQ:PANW - US6974351057 - Common Stock
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.
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 216.81, a Stop Loss order could be placed below this zone.
More info and screens
151.27
5 important support areas can be observed.
- A support zone ranging from 213.71 to 216.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 204.00 to 207.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 176.05 to 177.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @164.57 from a trend line in the weekly time frame.
- Support @152.80 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 220.25 to 221.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 82.5 | POSITIVE | PANW has a high relative strength, it outperformed 82.5% 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) | 62.83 | NEUTRAL | The RSI value for PANW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests PANW has a positive trend. |
| Stochastics (14,3) | 75.02 | NEUTRAL | The Stochastics value for PANW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for PANW suggests some volalility. |
| Average Directional Index/ADX (14) | 20.78 | NEUTRAL | The ADX value for PANW suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 221.40 | 213.70 | 7.70 (3.48%) | 25.00% |
| An entry @221.40. This is a Buy Stop order right above the resistance zone. | An exit @213.70. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.70 points, which is 3.48%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- 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.
220.24
+1.97 (+0.9%)
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 9 / 10 to PANW.
What is the current trend direction of PALO ALTO NETWORKS INC (PANW) stock?
The current trend direction for PALO ALTO NETWORKS INC (PANW) is Bullish.
What is the RSI signal for PALO ALTO NETWORKS INC (PANW) stock?
PALO ALTO NETWORKS INC (PANW) has an RSI value of 62.8348. This indicates that the stock is currently neutral.
What is the short term momentum for PANW stock?
The short term momentum for PALO ALTO NETWORKS INC (PANW) is positive.
What are the support and resistance levels for PALO ALTO NETWORKS INC (PANW) stock?
PALO ALTO NETWORKS INC (PANW) has a support level at 216.81 and a resistance level at 220.25. Check the full technical report for our detailed analysis of PANW support and resistance levels.