PALO ALTO NETWORKS INC. - Daily - Technical analysis published on 10/11/2024 (GMT)
- 84
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above
My targets
()
()
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 . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . 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.
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. 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.
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 (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:
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
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:
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:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 353.21 | 356.61 | 363.00 | 366.40 | 372.79 | 376.19 | 382.58 |
| Camarilla | 366.71 | 367.61 | 368.50 | 369.40 | 370.30 | 371.20 | 372.09 |
| Woodie | 354.72 | 357.36 | 364.51 | 367.15 | 374.30 | 376.94 | 384.09 |
| Fibonacci | 356.61 | 360.35 | 362.66 | 366.40 | 370.14 | 372.45 | 376.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 317.42 | 322.83 | 332.60 | 338.01 | 347.78 | 353.19 | 362.96 |
| Camarilla | 338.19 | 339.58 | 340.97 | 342.36 | 343.75 | 345.14 | 346.54 |
| Woodie | 319.59 | 323.92 | 334.77 | 339.10 | 349.95 | 354.28 | 365.13 |
| Fibonacci | 322.83 | 328.63 | 332.22 | 338.01 | 343.81 | 347.40 | 353.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 288.40 | 308.56 | 325.18 | 345.34 | 361.96 | 382.12 | 398.74 |
| Camarilla | 331.69 | 335.06 | 338.43 | 341.80 | 345.17 | 348.54 | 351.92 |
| Woodie | 286.63 | 307.68 | 323.41 | 344.46 | 360.19 | 381.24 | 396.97 |
| Fibonacci | 308.56 | 322.61 | 331.29 | 345.34 | 359.39 | 368.07 | 382.12 |
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 :
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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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