How the (PANW) price action is used to our Advantage

January 06, 2025, 11:40 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PANW

• Buy PANW near 169.97 target 187.52 stop loss @ 169.48 Details

The technical summary data tells us to buy PANW near 169.97 with an upside target of 187.52. This data also tells us to set a stop loss @ 169.48 to protect against excessive loss in case the stock begins to move against the trade. 169.97 is the first level of support below 182.315 , and by rule, any test of support is a buy signal. In this case, support 169.97 would be being tested, so a buy signal would exist.

• Short PANW slightly under 187.52, target 169.97, stop loss @ 188.06 Details

The technical summary data is suggesting a short of PANW as it gets near 187.52 with a downside target of 169.97. We should have a stop loss in place at 188.06though. 187.52 is the first level of resistance above 182.315, and by rule, any test of resistance is a short signal. In this case, if resistance 187.52 is being tested, so a short signal would exist.

Swing Trading Plans for PANW

• Buy PANW slightly over 182.38, target 187.52, Stop Loss @ 181.85 Details

If 182.38 begins to break higher, the technical summary data tells us to buy PANW just slightly over 182.38, with an upside target of 187.52. The data also tells us to set a stop loss @ 181.85 in case the stock turns against the trade. 182.38 is the first level of resistance above 182.315, and by rule, any break above resistance is a buy signal. In this case, 182.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PANW slightly near 182.38, target 175.97, Stop Loss @ 182.91. Details

The technical summary data is suggesting a short of PANW if it tests 182.38 with a downside target of 175.97. We should have a stop loss in place at 182.91 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 182.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PANW

• Buy PANW slightly over 182.38, target 183.34, Stop Loss @ 181.95 Details

If 182.38 begins to break higher, the technical summary data tells us to buy PANW just slightly over 182.38, with an upside target of 183.34. The data also tells us to set a stop loss @ 181.95 in case the stock turns against the trade. 182.38 is the first level of resistance above 182.315, and by rule, any break above resistance is a buy signal. In this case, 182.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PANW slightly near 182.38, target 180, Stop Loss @ 182.81. Details

The technical summary data is suggesting a short of PANW if it tests 182.38 with a downside target of 180. We should have a stop loss in place at 182.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 182.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Palo Alto Networks Inc. (PANW) available here: PANW.

PANW Ratings for January 06:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	169.97
P2	180	175.97	187.52
P3	183.34	182.38	206.4

AI Generated Signals for PANW

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Palo Alto Networks Inc. (NASDAQ: PANW) data table below can help you with price action, and we have more details too. Trading plans for PANW are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.