Palo Alto Networks’ stock price (PANW) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, as a positive divergence formed in the RSI after reaching oversold levels compared to the stock’s movements, sending out positive signals, but the price is hurt by negative pressure from the 50-day SMA, which could curb upcoming gains.

 

Therefore we expect the price to rise and target the pivotal resistance of $208.40, provided the support of $178.80 holds on.

 

Trend forecast for today: Likely Bullish