PALO ALTO NETWORKS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	PANW
ISIN:

PALO ALTO NETWORKS INC. - Daily - Technical analysis published on 06/28/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 323.77 USD

My targets

359.07 USD (+5.36%)

376.90 USD (+10.59%)

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 323.77 USD. The buyers' bullish objective is set at 359.07 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 376.90 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PALO ALTO NETWORKS INC. rating is 340.82 USD. The price has increased by +4.78% since the last closing and was between 329.14 USD and 345.41 USD. This implies that the price is at +3.55% from its lowest and at -1.33% from its highest.

329.14

345.41

340.82

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PALO ALTO NETWORKS INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	283.12	323.77	339.07	340.82	376.90
Change (%)	-16.93%	-5.00%	-0.51%	-	+10.59%
Change	-57.70	-17.05	-1.75	-	+36.08
Level	Intermediate	Major	Minor	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	315.23	322.19	331.50	338.46	347.77	354.73	364.04
Camarilla	336.35	337.84	339.33	340.82	342.31	343.80	345.29
Woodie	316.42	322.78	332.69	339.05	348.96	355.32	365.23
Fibonacci	322.19	328.40	332.24	338.46	344.67	348.51	354.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	300.45	304.85	312.59	316.99	324.73	329.13	336.87
Camarilla	316.99	318.10	319.22	320.33	321.44	322.56	323.67
Woodie	302.12	305.69	314.26	317.83	326.40	329.97	338.54
Fibonacci	304.85	309.49	312.35	316.99	321.63	324.49	329.13

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	69.76
MACD (12,26,9):	6.9400
Directional Movement:	18.96
AROON (14):	100.00
DEMA (21):	324.18
Parabolic SAR (0,02-0,02-0,2):	301.27
Elder Ray (13):	17.63
Super Trend (3,10):	306.51
Zig ZAG (10):	340.82
VORTEX (21):	1.0700
Stochastique (14,3,5):	91.00
TEMA (21):	327.51
Williams %R (14):	-9.14
Chande Momentum Oscillator (20):	31.77
Repulse (5,40,3):	4.5300
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	16.28

MA7:	321.98
MA20:	310.90
MA50:	304.23
MA100:	302.92
MAexp7:	324.82
MAexp20:	315.85
MAexp50:	307.41
MAexp100:	301.50
Price / MA7:	+5.85%
Price / MA20:	+9.62%
Price / MA50:	+12.03%
Price / MA100:	+12.51%
Price / MAexp7:	+4.93%
Price / MAexp20:	+7.91%
Price / MAexp50:	+10.87%
Price / MAexp100:	+13.04%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on PALO ALTO NETWORKS INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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