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PALO ALTO NETWORKS INC.
PALO ALTO NETWORKS INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: PANW
ISIN:

PALO ALTO NETWORKS INC. - Daily - Technical analysis published on 10/11/2024 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

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
89%
0%
11%
My opinion
Bullish above 368.01 USD
My targets
382.12 USD (+2.02%)
398.74 USD (+6.45%)
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 368.01 USD. The buyers' bullish objective is set at 382.12 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 398.74 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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.

AMIKOTUN
This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The PALO ALTO NETWORKS INC. price is 374.57 USD. The price has increased by +1.40% since the last closing with the lowest point at 368.95 USD and the highest point at 378.33 USD. The deviation from the price is +1.52% for the low point and -0.99% for the high point.

368.95
378.33
374.57

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by PALO ALTO NETWORKS INC.:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this PALO ALTO NETWORKS INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

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 these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


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:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 294.18 341.91 368.01 374.57 376.90
Change (%) -21.46% -8.72% -1.75% - +0.62%
Change -80.39 -32.66 -6.56 - +2.33
Level Major Intermediate Minor - Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard353.21356.61363.00366.40372.79376.19382.58
Camarilla366.71367.61368.50369.40370.30371.20372.09
Woodie354.72357.36364.51367.15374.30376.94384.09
Fibonacci356.61360.35362.66366.40370.14372.45376.19


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard317.42322.83332.60338.01347.78353.19362.96
Camarilla338.19339.58340.97342.36343.75345.14346.54
Woodie319.59323.92334.77339.10349.95354.28365.13
Fibonacci322.83328.63332.22338.01343.81347.40353.19


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard288.40308.56325.18345.34361.96382.12398.74
Camarilla331.69335.06338.43341.80345.17348.54351.92
Woodie286.63307.68323.41344.46360.19381.24396.97
Fibonacci308.56322.61331.29345.34359.39368.07382.12

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): 67.98
MACD (12,26,9): 5.7300
Directional Movement: 22.66
AROON (14): 57.14
DEMA (21): 353.96
Parabolic SAR (0,02-0,02-0,2): 337.13
Elder Ray (13): 22.23
Super Trend (3,10): 344.41
Zig ZAG (10): 374.63
VORTEX (21): 1.0900
Stochastique (14,3,5): 96.62
TEMA (21): 358.03
Williams %R (14): -7.39
Chande Momentum Oscillator (20): 34.12
Repulse (5,40,3): 5.6400
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 9.12
MA7: 354.00
MA20: 343.58
MA50: 341.09
MA100: 331.09
MAexp7: 358.17
MAexp20: 348.10
MAexp50: 341.38
MAexp100: 331.54
Price / MA7: +5.81%
Price / MA20: +9.02%
Price / MA50: +9.82%
Price / MA100: +13.13%
Price / MAexp7: +4.58%
Price / MAexp20: +7.60%
Price / MAexp50: +9.72%
Price / MAexp100: +12.98%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


The last news published on PALO ALTO NETWORKS INC. at the time of the generation of this analysis was as follows:

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

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