PANW – Palo Alto Networks Inc.
PANW – Palo Alto Networks Inc.
Date: 19 May 2026
Sector: Technology Services / Packaged Software
Exchange: NASDAQ
TradingView link: [https://www.tradingview.com/x/7JtbKTfj/](https://www.tradingview.com/x/7JtbKTfj/)
The stock has been around for quite some time, first floating back in July 2012 at roughly $10, and is currently at an all-time high of $247.55.
I’ve marked several key consolidation boxes on the chart for this stock. Broadly speaking, once PANW broke out of the initial major box around the $48.09 level, it began a very substantial expansion move over the coming years, eventually pushing to ~$209.
There was a healthy pullback during that advance, which was perfectly reasonable given the magnitude of the prior move. Importantly, though, price formed a higher low around ~$66.51 before continuing the broader uptrend and eventually reaching ~$209 once again.
From there, we entered a prolonged period of congestion from December 2024 to May 2026, during which the stock traded broadly between ~$141 and ~$209. That represented a very substantial consolidation phase.
There was one earlier attempt to break out toward fresh all-time highs around ~$221, but that breakout failed fairly quickly, and the price fell straight back into the main pink box, continuing the consolidation process.
What makes the current setup more interesting is that we now appear to have completed that consolidation phase properly.
If we move down to the daily timeframe, we can see that the price broke out of the pink box on 11 May 2026. After the breakout, the price retested the top of the box, confirming that what had previously acted as resistance had now flipped to support.
Since then, we’ve continued pushing toward all-time highs with a succession of strong blue daily candles, most recently closing around ~$247.55.
One challenge here is that it may be difficult to get a meaningful 4H pullback, as the price has remained very strong for an extended period.
Because of that, it may actually be necessary to drop down to the 1H timeframe for execution purposes. The 1H candles are currently grey and could provide a reasonable opportunity to enter the market if they rotate back to blue.
One possible strategy here — especially for traders wanting earlier exposure — would be to split the intended position into thirds and scale into the trade gradually on each hourly pullback. That is not how I typically enter trades, but given the strength of the momentum and the lack of meaningful 4H pullbacks, it may be a practical solution here.
Entry trigger:
* 1H grey candle turning back to blue
Initial stop loss:
* $234
Multi-timeframe correlation
3M: Blue candle *(previously grey)*
1M: Blue candle *(previously grey)*
1W: Blue candle
1D: Blue candle
4H: Blue candle
When do I tighten the stop loss?:
* Last 4H swing low
Potential target range (daily):
* None currently
Activated price targets:
Am I in this trade: Yes
Current return (R multiple):
* -0.01R