PALO ALTO NETWORKS INC. - Daily - Technical analysis published on 06/28/2024 (GMT)
- 222
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
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:
Strongly bullish
Technical indicators
94%
0%
6%
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
0
10
8
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:
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
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
S3
S2
S1
R1
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:
- 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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis PALO ALTO NETWORKS INC. - Daily