Palo Alto Networks, Inc. (PANW) stock closed unchanged in its latest session, while attempting to overcome the negative pressure from its previous 50-day SMA. The stock is supported by trading along a minor upward trend line on the short term, with positive signals appearing in the Stochastic indicators, despite remaining in strongly overbought areas. This reinforces the chances of a near-term rise.

Therefore, we expect the stock to advance in its upcoming trading, provided the support level of 180.70 holds, to then target the key and strong resistance level of 206.18.

Todays price forecast: Bullish.