Palo Alto Networks stock drops to $362 despite record RPO, $14.2B guidance

Palo Alto Networks stock dropped sharply on September 1, opening at 374.82 before sliding to close at 362.09 on heavy volume after Q4 FY26 earnings. The bearish candle lands on a still-intact uptrend, creating a tension between short-term pressure and constructive longer-term structure that demands resolution.

Key takeaways

• Palo Alto Networks stock dropped from 374.82 to close at 362.09 after Q4 FY26 earnings, forming a wide bearish daily candle on heavy volume.
• The daily trend remains bullish with price above the EMA50 at 339.67 and EMA200 at 260.30, but the MACD has crossed bearish with a negative histogram of -1.29.
• Management reported record RPO and expanding NGS ARR, with FY2027 revenue guidance of $14.1 billion to $14.2 billion.
• The hourly chart confirms short-term momentum weakness, with price below both EMA20 and EMA50 but still holding above the EMA200 at 359.12.
• Daily ATR14 at 18.92 signals elevated post-earnings volatility, with next key supports at S1 354.27 and the EMA50 at 339.67.

Daily Trend: Palo Alto Networks Stock Maintains Bullish Structure

Palo Alto Networks stock remains in a bullish daily trend, with price at 362.09 well above the EMA50 at 339.67 and the EMA200 at 260.30. Short-term momentum, however, has stalled. Price is now trading almost exactly on the EMA20 at 361.76. The daily regime reading itself is tagged bullish.

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