Palo Alto Networks cools off just below the highs
Palo Alto Networks slips 6.9%, but the trend keeps climbing after 16 weeks
Our view last week
Palo Alto Networks keeps accelerating: up 5.6% this week, with the price a whisker from its all-time highs, just 3.66% below the record. ADX climbs to 45.1 and the MACD widens its lead over the Signal line, but buyers slip to 59% of volume - the third straight drop - and the daily chart just printed a bearish engulfing candle right under resistance. The trade, open for 22 weeks, is running at +130% profit.
This week's summary
Palo Alto Networks takes a breather: after last week's surge the stock gives back 6.9%, still just below its all-time highs, as sellers retake control with 65% of this week's volume. Weekly RSI cools from 73.9 to 66.5 but stays firmly in bullish territory, while the ADX keeps climbing - 45.6, a four-week high - confirming the trend is still strong. Money flow has stayed positive for 21 straight weeks: buyers haven't left the table.
IQS Phase
62
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#57 / 167
US stocks in progress
Trade P&L %
+114.27%
from signal to date, no stop loss
Rank position
ranks 57th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
PANW belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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