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Palo Alto Networks Inc Stock Forecast NYSE:PANW

$523.43 (4.43%)

Volume: 1M

Closed: Dec 07, 2021

Hollow Logo Score: 2.681

Palo Alto Networks Inc Stock Forecast

$523.43 (4.43%)

Volume: 1M

Closed: Dec 07, 2021

Score Hollow Logo 2.681
Which way will PANW go? Request
Tue, Dec 07, 2021 Buy Candidate Upgraded
Stop-loss: $497.73 (-4.91%)
Key Stats
P/E Ratio -96.91
Beta 0.94
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 50 and the stock is currently not being overbought or oversold

Palo Alto Networks Inc stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Dec 07, 2021)


Buy candidate since 2021-12-07

The Palo Alto Networks Inc stock price gained 4.43% on the last trading day (Tuesday, 7th Dec 2021), rising from $501.22 to $523.43. During the day the stock fluctuated 3.53% from a day low at $514.38 to a day high of $532.56. The price has fallen in 6 of the last 10 days and is down by -3.06% for this period. Volume fell on the last day by -642 thousand shares and in total, 1 million shares were bought and sold for approximately $739.24 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13% during the next 3 months and, with a 90% probability hold a price between $567.53 and $629.73 at the end of this 3-month period.

Signals & Forecast

A sell signal was issued from a pivot top point on Monday, November 29, 2021, and so far it has fallen -5.03%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Palo Alto Networks Inc stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $529.58. On a fall, the stock will find some support from the long-term average at approximately $515.62. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $486.55 and $484.83. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Palo Alto Networks Inc finds support just below today's level at $486.55. If this is broken, then the next support from accumulated volume will be at $484.83 and $476.12.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $18.18 between high and low, or 3.53%. For the last week, the stock has had a daily average volatility of 4.29%.

Our recommended stop-loss: $497.73 (-4.91%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Is Palo Alto Networks Inc stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.681

Predicted Opening Price for Palo Alto Networks Inc of Wednesday, December 8, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 8, 2021 Current price
$523.46 $523.43 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 23, 2021 "Argus" gave "$530.00 - $620.00" rating for PANW. The price target was changed from $532.30 to 1.4%.

Volatility and Risk
Daily Average Volatility: 4.29 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.29 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $528.16
Price: $523.43
Support: $486.55

PANW Insider Trading Show all Trades

INSIDER POWER

1.344

Last 100 transactions
Buy: 173 498 | Sell: 129 126 (Shares)
Date Action Amount Person Type
Dec 07, 2021 Sell 5 524 Arora Nikesh Common Stock
Dec 07, 2021 Sell 500 Mclaughlin Mark D Common Stock
Dec 07, 2021 Sell 500 Mclaughlin Mark D Common Stock
Dec 07, 2021 Sell 400 Mclaughlin Mark D Common Stock
Dec 07, 2021 Sell 100 Mclaughlin Mark D Common Stock
Show all Insider Trades
INSIDER POWER

1.344

Last 100 transactions
Buy: 173 498 | Sell: 129 126 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 541.64 3.48 %
534.69 2.15 %
530.40 1.33 %
Current price: 523.43
Support 516.51 -1.32 %
512.22 -2.14 %
505.28 -3.47 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 539.96 3.16 %
530.34 1.32 %
528.16 0.90 %
Current price 523.43
Support 486.55 -7.05%
484.83 -7.37%
476.12 -9.04%

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About Palo Alto Networks Inc

Palo Alto Networks Palo Alto Networks, Inc. provides security platform solutions to enterprises, service providers, and government entities worldwide. Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; Advanced Endpoint Protection, which prevents cyber attacks that exploit software vulnerabilities on various fixed and virtual endpoints and ser... Read more

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