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

November 14, 2024, 07:58 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PANW

• Buy PANW near 392.02 target n/a stop loss @ 390.89. Details

The technical summary data tells us to buy PANW near 392.02, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 390.89 to protect against excessive loss in case the stock begins to move against the trade. 392.02 is the first level of support below 403.31, and by rule, any test of support is a buy signal. In this case, if support 392.02 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for PANW

• Buy PANW slightly over 410.82, target n/a, Stop Loss @ 409.63 Details

If 410.82 begins to break higher, the technical summary data tells us to buy PANW just slightly over 410.82, with an upside target of n/a. The data also tells us to set a stop loss @ 409.63 in case the stock turns against the trade. 410.82 is the first level of resistance above 403.31, and by rule, any break above resistance is a buy signal. In this case, 410.82, 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 410.82, target 396.64, Stop Loss @ 412.01. Details

The technical summary data is suggesting a short of PANW if it tests 410.82 with a downside target of 396.64. We should have a stop loss in place at 412.01 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, 410.82, 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 404.97, target 410.59, Stop Loss @ 404.03 Details

If 404.97 begins to break higher, the technical summary data tells us to buy PANW just slightly over 404.97, with an upside target of 410.59. The data also tells us to set a stop loss @ 404.03 in case the stock turns against the trade. 404.97 is the first level of resistance above 403.31, and by rule, any break above resistance is a buy signal. In this case, 404.97, 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 404.97, target 396.64, Stop Loss @ 405.91. Details

The technical summary data is suggesting a short of PANW if it tests 404.97 with a downside target of 396.64. We should have a stop loss in place at 405.91 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, 404.97, 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 November 14:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	319.95
P2	404.97	396.64	355.09
P3	410.59	410.82	392.02

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.