07May

Palo Alto Networks Inc. (PANW) Elliott Wave Analysis, Price Prediction, Stock Forecast, and Trading Signals for Short-Term Investors

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.

PANW-d-us-stock-char...


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

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here 

Previous: Johnson & Johnson (JNJ) Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

PANW-1h-us-stock-cha...

Related

Silver XAGUSD Commodity Elliott Wave Analysis: Forecasting Price Movements and Trading Opportunities in 2024

Silver XAGUSD Commodity Elliott Wave Analysis: Forecasting Price Movements and Trading Opportunities in 2024

Elliott Wave analysis of Silver, focusing on its market trends starting from early 2024. We discuss ...

Read More >
HDFC Bank Stock Analysis: Elliott Wave Chart Insights, Daily & Weekly Trend Forecast, Key Trading Levels, and Market Outlook

HDFC Bank Stock Analysis: Elliott Wave Chart Insights, Daily & Weekly Trend Forecast, Key Trading Levels, and Market Outlook

Elliott Wave analysis of HDFC Bank across daily and weekly timeframes, offering critical insights in...

Read More >
Australian Dollar/Japanese Yen (AUDJPY) Through Market Trends - Forex Elliott Wave Technical Analysis

Australian Dollar/Japanese Yen (AUDJPY) Through Market Trends - Forex Elliott Wave Technical Analysis

This detailed article provides an in-depth Elliott Wave Analysis of the AUDJPY (Australian Dollar/Ja...

Read More >
Improve your Investment Decisions with Expert Tips and Forecasts: IBEX 35 (Spain) Index Elliott Wave Technical Analysis

Improve your Investment Decisions with Expert Tips and Forecasts: IBEX 35 (Spain) Index Elliott Wave Technical Analysis

Our comprehensive guide on IBEX 35 trading and investing offers detailed Elliott Wave analysis and t...

Read More >
Salesforce Inc. (CRM) Stocks Elliott Wave Technical Analysis: Salesforce Stock Forecast and Price Trends to $350

Salesforce Inc. (CRM) Stocks Elliott Wave Technical Analysis: Salesforce Stock Forecast and Price Trends to $350

Salesforce (CRM) is showing a bullish impulsive structure as per Elliott Wave Analysis. After breaki...

Read More >
Russell 2000 Trading Insights with Elliott Wave Technical Analysis: Explore RUT Market Updates, Investment Tips

Russell 2000 Trading Insights with Elliott Wave Technical Analysis: Explore RUT Market Updates, Investment Tips

This article dives into Russell 2000 trading with an in-depth Elliott Wave analysis. Explore RUT mar...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on