Palo Alto Networks Inc. (PANW) Elliott Wave Analysis

This Elliott Wave analysis provides a detailed breakdown of Palo Alto Networks Inc. (PANW) trend structure, reviewing both the daily and 1-hour charts. Below is a complete overview of PANW stock's current position and upcoming price movements:

Palo Alto Networks Inc. (PANW) Daily Chart

PANW Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Motive

STRUCTURE: Impulsive

POSITION: Wave (iii) of {i}

DIRECTION: Uptrend in wave (iii)

DETAILS: Monitoring the development of a five-wave structure in wave {i} to validate the bullish continuation. Currently, a three-wave progression is evident within wave (iii).

PANW Stock Forecast – Daily Chart Overview

Palo Alto Networks (PANW) is progressing higher within wave (iii) as part of a larger bullish Elliott Wave pattern. A three-wave advance has formed so far, pointing to increasing buying strength. Confirmation of a complete five-wave impulsive structure would reinforce the bullish forecast, supporting a continued upward trend for PANW stock.

Palo Alto Networks Inc. (PANW) 1H Chart

PANW Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Motive

STRUCTURE: Impulsive

POSITION: Wave iv of (iii)

DIRECTION: Upside in wave v

DETAILS: Projecting a move higher into wave v, with PANW currently finalizing a consolidation phase within wave iv.

PANW Intraday Stock Analysis – 1H Chart Insight

On the 1-hour chart, Palo Alto Networks (PANW) is consolidating within wave iv of (iii), showing signs of a corrective sideways move. A bullish breakout is expected after wave iv concludes, setting the stage for a potential rally in wave v. This scenario aligns with the overall bullish setup observed on the daily timeframe, offering traders a possible near-term buying opportunity.

Technical Analyst: Alessio Barretta

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