Pre-market trading leads Palo Alto Networks to drop to $188.51 (a 1.61% change) after ending Friday at $191.59

Expected lower market open set to test ongoing trend following Friday's bullish close: bullish sentiment helped the Californian cybersecurity firm to hammer out a noteworthy $188.68 to $192.84 range Friday, and finally closing at $191.59 to end the session.

Visual analysis of Palo Alto Networks's chart shows that although Palo Alto Networks, Inc. is appreciating today after rising as high as $192.84, price action is now slowing and consolidating around $1.8 below the $193.39 resistance level. According to momentum evaluation, the Relative Strength Index indicates Palo Alto Networks is currently 'overbought' which suggests new gains will be harder to obtain.

A look at other technology stocks also showed bullish price action as Apple traded at $151.03 after closing Friday's trading day at $145.91 (up 3.51%). Sony Group Corporation traded at $85.74 after closing Friday's trading day at $83.34 (up 2.88%). Adobe added 3.16% to its value, and traded at $344.04.

The stock has been trending positively for about a month. The Californian cybersecurity firm has shed 64.1% over the past six months.