PANW
PANW - Trend AnalysisPANW is downtrending since last Earnings. The ER results and the guidance were good but still the stock was beaten down most probably due to Profit taking.
In an attempt to predict the bottom in this downtrend, i have drawn here 2 Fibonacci Levels.
1. Major Trend -- Fibonacci Retracement from March Lows upto August High, This shows 0.236 level at 239s and 0.382 level at 217s.
2. Minor Trend - Fibonacci Extension from July consolidation low at 221 upto August High at 275. This shows 0.618 level at 254 where the current price is sitting now.
We need to wait and see if the drop is going to follow this Minor trend or the Major trend.
-- Assuming it is going to follow the Major Trend, it can fall all the way to 239s which will confirm it follows the Major trend. It can bounce back from that level mostly. A drop further will put that into 217s (which is 0.382 level).
-- If it appears to follow the Minor trend, then the drop levels are 254 / 247 / 241 / 233 / 220
Potential Support levels:
Major Trend Drop Levels -- 239 / 217 / 200
Minor Trend Drop Levels -- 254 / 247 / 241 / 233 / 220
The support can be established at any of the above levels. And a bounce back of 20% above that level will provide a confirmation of Trend Reversal.
So far, it looks like 240 may be the Support where it can potentially bounce back.
Nevertheless, once the bottom is established, PANW is guaranteed to go back to 300+ especially considering a string of PT raises recently.
So this looks like a good buying opportunity for both long term buy-and-hold and short term Swing Trading.
$PANW broke out of consolidation with a backtest$PANW broke out of its ascending triangle and held the backtest.
Cyber Security has become essential for all"Because of the rise of remote working, cyberattacks have grown exponentially in recent months, with the FBI reporting a 400% increase in complaints in April versus March, as attackers hope to expose weaknesses in an organization's business continuity strategy"
Fundamental difference between some of the biggest cyber-security companies:
CrowdStrike's (CRWD) endpoint protection uses resource-friendly security agents to inform its crowdsourced cloud about any potential threat anomalies. All customers are protected based on a single threat found, and its technology is supported by having renowned threat remediation and hunting capabilities.
OKTA disrupted the identity access and management market with its cloud-based technology that has a large number of application integrations that make controlling who has access to what much simpler for security teams. In a perimeterless security world, the importance of identity is becoming paramount.
Zscaler's (ZS) secure web gateways delivered via its cloud locations provide customers a safe route to cloudbased resources. Branch and remote users can go directly to their applications instead of going through a centralized data center, decreasing lag for the end user and alleviating traffic bottlenecks for IT teams.
Palo Alto Networks (PANW) is an attractive option for investors. In our view, its cloud transition springboarding growth off its firewall leadership, upselling and cross-selling prospects via its security platform, and strong cash flow and balance sheet are being overlooked for the pure cloud-based companies.
PANW double bottom re-test. Pick up on trading above todays highShort Retest of Double bottom neckline along with old support line. Can be picked up on positive trading implying wave 5 of elliot wave.
Palo Alto Networks $PANW "cup"$PANW is breaking out the cup formation with high volume.
12 months Consensus Price Target: $257.66
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Thx
CRWD - 4/20/2020CRWD - Both lines are above the cloud and the belt cloud shape is beautiful, smooth and silky! Last week, there were unusual option activities buy on $70 calls. This morning, some huge buys on weekly 4/24 $75 calls. The chart shows CRWD will get $75 very quick. So as PANW, upside calls on $210.. So, cybersecurity sector?? Puts on COUP though..
Palo Alto Networks - buying dip?FUNDAMENTAL
PANW earnings guidance lagged its forecast, creating a 12% decline after hours.
Palo Alto said that it has agreed to acquire Aporeto, a machine identity-based micro-segmentation firm, for $150 million in cash. The company said its earnings projections include net expenses related to the proposed acquisition.
TECHNICAL
Both the 50sma and 200sma are working as support after the earnings report took PANW 12% after hours.
The 50sma is also looking to break the 200sma. Crossing of the 50sma over the 200sma could be a bullish confirmation of a healthy uptrend.
Will enter position if we can stay above the SMA's and enter the channel, formed by the most recent gap.
**Next short-term resistance area --> $228-$230.
$PANW Plummets Off Highs to Test Key MA'sPANW
Shares of the stock dropped dead off the all-time top to test the major MA's in confluence, which could trigger a quick bounce. But it could also be a popular bounce speculation, leading to another evacuation of weak hands.
Palo Alto Networks Inc (NYSE:PANW) shares were shattered on Tuesday after strong billings were offset by a big 10% miss on product revenue (down 4% yr/yr). Shares of the stock are now testing key support at the confluence of the major moving averages.
In all, the company reported Q1 results, topping consensus for EPS on in-line revs (+17.7% yr/yr to $772 mln). Billings increased +18% yr/yr, surpassing co's guidance. The company commented that its product category did not meet its expectations in the quarter, weighing on Firewall as a Platform. Product revs declined 4% yr/yr to $231.2 mln.
PANW also announced that it will acquire machine identity-based microsegmentation company Aporeto for $150 mln in cash.
Palo Alto Networks Inc (NYSE:PANW) promulgates itself as a security platform solutions worldwide.
The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.
Read More at: dailytrendingstocks.com
Cybersecurity ETF - Huge volume spike Technical Analysis:
CIBR had a volume spike of 850,000+; which is 80% higher than usual, yesterday November 12th 2019.
The 50sma (yellow line) is bouncing back, trying to cross the 200sma (red line), and after it must cross 100sma (blue line) for it to continue being bullish.
10sma is short-term support - $29.3
All time highs is short-term resistance - $30.7
CIBR top holdings:
VMW - 6.64%
PANW - 6.63%
AVGO - 6.15%
CSCO - 6.03%
OKTA - 5.12%
FEYE - 3.50%
FFIV - 3.32%
SPLK - 3.18%
JNPR - 3.18%
Great buy for PANW with possible 10% returnPANW has been on a strong upward trend on both the 1 hour and 4 hour EMA. Possible return outweighs the risk 3:1. PANW has a good chance of having an easy 10% return in the next couple days/weeks.
Bear Call Spread PANWI put on a bear call spread on PANW
The IVR was kinda low I have bad risk reward its not 1/3 the width but the false breakout was a lucrative move.
I put on the trade.
$1.52 7.5 width.
Max gain is $76 max loss is $152.
Aug 2 exp
PANW Iron CondorSince PANW is very rich in premium right now with a high IV. It seems to have broken support and is going sideways. ER is May 30th I may decide to take off the trade before then however I may also want to take advantage of the IV contraction.
195/200/240/250 EXP June 21st $290/710 Profit/Risk
I plan to take the trade off at $150 profit which means I will risk $300 to make $150 since its a high probability trade. If this goes toward the bottom end I will try rolling the top side closer to the side broken or I may just leave the trade since the top side is more vulnerable.
Trade Journal Entry, not trade advice.
PANW Is Palo Alto Networks (PANW) Stock Outpacing..The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Palo Alto Networks (PANW) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of PANW and the rest of the Computer and Technology group's stocks.
Palo Alto Networks is one of 642 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PANW is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PANW's full-year earnings has moved 25.28% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, PANW has returned 25.87% so far this year. In comparison, Computer and Technology companies have returned an average of 20.06%. This means that Palo Alto Networks is performing better than its sector in terms of year-to-date returns.
Breaking things down more, PANW is a member of the Security industry, which includes 11 individual companies and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 22.84% so far this year, so PANW is performing better this group in terms of year-to-date returns.
PANW will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
Buy the breakoutSeries of confluences here:
EMA support
big red candle (today's candle)
descending trendline
Might breakout violently, going long at today's high breakout
$PANW Bullish Inverted Hammer at Support$PANW looking oversold, MFI is bottoming out. Forming a bullish inverted hammer on the daily chart, holding the 50d ema as support. Expecting a bounce in the near term with September earnings gap now closed.
Medium term target - $250 by early Nov
Note: informational analysis, not investment advice.
PANW = WALL STREET CORRUPTION - MICRON IS GOING TO $250.00I just took a look at this garbage company and its bleak earnings release, I WAS SHOCKED AT THE STOCK PRICE COMPARED TO THE MONSTERS MICRON, WESTERN DIGITAL, INTEL AND MANY MORE!
PALO NETWORKS IS TRADING AT $220 ... OMG! ... AND ... AFTER HOURS UP $12.00 ON A NEGATIVE EARNINGS REPORT..?
YES, THESE STOCKS ARE BUBBLES AND WALL STREET COMPANIES LIKE MICRON SHOULD GO PRIVATE AND STICK WALL STREET WITH JUNK BUBBLE STOCKS TO TRADE.
PALO HAS AN E.P.S OF NEGATIVE -2.02
PALO LAST SEVEN (7) QTR'S E.P.S... YES I SAID 7 QTR'S ... ONLY $5.41 IN EARNINGS
COMPARED TO MICRON'S LAST SEVEN (7) QTR'S E.P.S ... $13.28 IN EARNINGS AND WHERE IS MICRON'S STOCK TRADING COMPARED TO THIS GARBAGE COMPANY?
TODAY'S NEWS FROM THE CFO OF MICRON WAS NOTHING BUT POSITIVE BUT BECAUSE WALL STREET DID NOT LIKE THE COST OF ONE PRODUCT, NAND MEMORY WAS LOWER, THEY CRASHED THE STOCK PRICE
MICRON CFO SAID "AVERAGE SELLING PRICES ""INCREASED"" FROM THE SECOND QTR TO THE THIRD QTR DUE TO MULTI-CHIP TECHNOLOGY THAT HAVE BOTH NAND AND DRAM / DUAL TECHNOLOGY ON A CHIP"
DAVID ZINSNER / CFO OF MICRON JUST TOLD WALL STREET THIS COMING QTR WILL BEAT ESTIMATES!
THE LIST OF GARBAGE COMPANIES GOES ON AND ON, PALO IS NOT THE ONLY GARBAGE "BUBBLE" TECH STOCK!
ELON MUSK / TESLA WAS RIGHT, HE SHOULD TAKE THE COMPANY PRIVATE ALONG WITH ALL THE REST OF THE COMPANIES LIKE MICRON WHERE WALL STREET HAS NO APPRECIATION, CLUE OR KNOWLEDGE AS TO THE FUTURE POTENTIAL OF COMPANY PRODUCTS, SERVICES AND MOST OF ALL, TECHNOLOGY.
DIRTY WALL STREET FIRMS TORTURE THE COMPANIES LIKE MICRON WHILE CHEERING GARBAGE COMPANIES LIKE PALO.
WALL STREET IS NO MORE AN ELITE PLACE TO BE ASSOCIATED WITH!
MY AVERAGE COST IS SO LOW RIGHT NOW ON MICRON, WHEN IT GOES TO $250 A SHARE WITH OVER $20.00 IN EARNINGS, I'LL BE A BILLIONAIRE, NO LONGER A MILLIONAIRE!
THANK YOU CORRUPT WALL STREET FOR CONTINUING TO OPEN MY EYES AS TO THE CORRUPTION PLAGUING THE FINANCIAL MARKETS AND FOR MAKING ME ONE STEP CLOSER TO BILLIONAIRE STATUS!
$PANW Oversold at Support$PANW Palo Alto Networks - oversold bouncing off support level around $219 earlier today. Earnings today after the close. Assuming a beat today, targeting $232+ near term.
$PANW getting ready$PANW hasn't gone anywhere since the start of 2016. It has been consolidating making a triangle in the process. If it breaks above the downtrend line over the next few weeks we can see it go much higher. Above $155 is where the jet propulsion starts. If so it could easily see $200 in the year 2018.
PANW Potential Bullish Deep Crab patternIf PANW decides to bounce from here without retracing to 102 ish (61.8% fib of the entire up move), It can go trace up to the $120 level in the form of a deep crab harmonic pattern
PANW Butterfly Pattern. Bearish until 102 and then BullishPANW is forming a Butterfly harmonic pattern. The 1.272 XA extension perfectly aligns with the 61.8% fib retracement of the entire bullish move.
Potential reversal zone is 102-101. PANW will gravitate towards 102-101 area first (That aligns with long term 61.8 fib) and then will bounce back to $116 and then 126 before earnings.
Are we approaching a bottom ?The price movements since July 2015 look corrective to me. So my preferred count is shown in the chart. I personally think the yellow area could be the potential end of correction. There might be a great opportunity with tight stops but need to see the price action first. Watch it closely.
Btw, if I am right, the bottom should be in within March 2017.