PALO ALTO NETWORKS INC. - Daily - Technical analysis published on 06/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 313.86 USD
My targets
339.07 USD (+6.10%)
376.90 USD (+17.93%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PALO ALTO NETWORKS INC. as long as the price remains well above 313.86 USD. The buyers' bullish objective is set at 339.07 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 376.90 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PALO ALTO NETWORKS INC. rating 319.59 USD. The price registered an increase of +0.72% on the session and was between 311.88 USD and 321.17 USD. This implies that the price is at +2.47% from its lowest and at -0.49% from its highest.311.88
321.17
319.59
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PALO ALTO NETWORKS INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PALO ALTO NETWORKS INC. in Daily shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 262.54 | 283.12 | 313.86 | 319.59 | 339.07 | 376.90 |
| Change (%) | -17.85% | -11.41% | -1.79% | - | +6.10% | +17.93% |
| Change | -57.05 | -36.47 | -5.73 | - | +19.48 | +57.31 |
| Level | Major | Minor | Major | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 304.63 | 308.26 | 313.92 | 317.55 | 323.21 | 326.84 | 332.50 |
| Camarilla | 317.04 | 317.89 | 318.74 | 319.59 | 320.44 | 321.29 | 322.15 |
| Woodie | 305.66 | 308.77 | 314.95 | 318.06 | 324.24 | 327.35 | 333.53 |
| Fibonacci | 308.26 | 311.81 | 314.00 | 317.55 | 321.10 | 323.29 | 326.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 276.72 | 287.71 | 302.51 | 313.50 | 328.30 | 339.29 | 354.09 |
| Camarilla | 310.22 | 312.58 | 314.95 | 317.31 | 319.67 | 322.04 | 324.40 |
| Woodie | 278.63 | 288.66 | 304.42 | 314.45 | 330.21 | 340.24 | 356.00 |
| Fibonacci | 287.71 | 297.56 | 303.65 | 313.50 | 323.35 | 329.44 | 339.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 237.03 | 260.52 | 277.71 | 301.20 | 318.39 | 341.88 | 359.07 |
| Camarilla | 283.72 | 287.45 | 291.18 | 294.91 | 298.64 | 302.37 | 306.10 |
| Woodie | 233.89 | 258.95 | 274.57 | 299.63 | 315.25 | 340.31 | 355.93 |
| Fibonacci | 260.52 | 276.06 | 285.66 | 301.20 | 316.74 | 326.34 | 341.88 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.61 | |
| MACD (12,26,9): | 4.5400 | |
| Directional Movement: | 9.89 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 313.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 290.17 | |
| Elder Ray (13): | 6.00 | |
| Super Trend (3,10): | 321.63 | |
| Zig ZAG (10): | 319.59 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 85.13 | |
| TEMA (21): | 315.28 | |
| Williams %R (14): | -12.93 | |
| Chande Momentum Oscillator (20): | 26.41 | |
| Repulse (5,40,3): | 3.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 2.64 |
| MA7: | 314.32 | |
| MA20: | 307.81 | |
| MA50: | 297.93 | |
| MA100: | 304.36 | |
| MAexp7: | 314.28 | |
| MAexp20: | 308.09 | |
| MAexp50: | 302.50 | |
| MAexp100: | 298.39 | |
| Price / MA7: | +1.68% | |
| Price / MA20: | +3.83% | |
| Price / MA50: | +7.27% | |
| Price / MA100: | +5.00% | |
| Price / MAexp7: | +1.69% | |
| Price / MAexp20: | +3.73% | |
| Price / MAexp50: | +5.65% | |
| Price / MAexp100: | +7.10% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on PALO ALTO NETWORKS INC. at the time of the generation of this analysis was as follows:
- IMPORTANT APRIL DEADLINE: The Schall Law Firm Encourages Investors in Palo Alto Networks, Inc. with Losses of $100,000 to Contact the Firm
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Palo Alto Networks, Inc. with Losses of $100,000 to Contact the Firm
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Palo Alto Networks, Inc. with Losses of $100,000 to Contact the Firm
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Palo Alto Networks, Inc. with Losses of $100,000 to Contact the Firm
- INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Palo Alto Networks, Inc. with Losses of $100,000 to Contact the Firm
This member declared not having a position on this financial instrument or a related financial instrument.
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