Fresh buy · week 1 · hugging the highs
Palo Alto Networks gains 7.6%: a new all-time high and the Buy signal is back
Our view last week
Palo Alto Networks gains 3.1%, a second straight up week, but the price action is unconvincing: volumes are contracting and sellers are back in front on the weekly bar. Among tech stocks, Palo Alto Networks stock remains in a Sell signal that is fading out, with signal strength at 2 out of 100. Price stays below the first stop level (SL1) flagged in last week's card, in the 398.3 area, but the early-exit warning is on: our statistics suggest closing the short, at -13.33% from entry.
This week's summary
Palo Alto Networks closes the week up 7.6% and prints a new all-time high, confirmed by the weekly close. A week ago the Sell signal was fading out; now the picture has flipped and Palo Alto Networks stock joins the stocks with a fresh buy signal, with the weekly MACD back above its Signal line. Price action is strong, but price is hugging the highs: the quality band flags trading as not recommended, and discipline suggests waiting for a retracement.
IQS Phase
67
in tension
Signal Strength
72
high · wide & volatile
Sizing
FULL
Ranking
#3 / 6
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Palo Alto Networks (PANW) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 3rd among the 6 fresh Longs for US stocks in our ranking, with a signal strength of 72 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
PANW belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content