Palo Alto Networks (PANW) Stock Analysis: Bullish Momentum with Strong Support Levels

The stock closed the week at $193.9, up 5.16%. It gained 3.5% on Friday.
The price is trading above the 50-, 100-, and 200-week EMAs, reflecting a long-term bullish bias. The 50-, 100-, and 200-week EMAs are at $168.5, $150.5, and $122, respectively. These EMAs have previously acted as strong support, with the price bouncing multiple times after touching them. The weekly RSI is at 56, and the MACD is bearish.


The price is above the 50-, 100-, and 200-day EMAs, indicating a short-term bullish bias. The 50-, 100-, and 200-day EMAs are at $185.6, $183, and $174, respectively. The daily RSI is at 62, and the MACD is bullish.


The stock is trading within a wedge pattern, with trendline support around $171 and resistance near $225.