PINNACLE WEST CAPITAL (PNW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PNW - US7234841010 - Common Stock
Taking everything into account, PNW scores 1 out of 10 in our technical rating. PNW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, PNW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 88.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.24, a Stop Loss order could be placed below this zone.
More info and screens
85.01
When analyzing the support we notice one important area.
- A support zone ranging from 85.87 to 88.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 88.51 to 89.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 93.70 to 95.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PNW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PNW is down. |
| ChartMill Relative Strength | 52.04 | NEUTRAL | PNW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PNW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PNW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PNW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.49 | NEUTRAL | The RSI value for PNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests PNW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.55 | NEUTRAL | The Stochastics value for PNW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for PNW suggests low volalility. |
| Average Directional Index/ADX (14) | 24.69 | NEUTRAL | The ADX value for PNW suggests a possible start of a new trend. |
88.37
+0.56 (+0.64%)
PINNACLE WEST CAPITAL / PNW FAQ
What is the technical rating for PNW stock?
ChartMill assigns a technical rating of 1 / 10 to PNW.
What is the trend direction for PNW stock?
The current trend direction for PINNACLE WEST CAPITAL (PNW) is Bearish.
What is the RSI signal for PINNACLE WEST CAPITAL (PNW) stock?
PINNACLE WEST CAPITAL (PNW) has an RSI value of 48.4921. This indicates that the stock is currently neutral.
What is the MACD signal for PNW stock?
The MACD indicator for PINNACLE WEST CAPITAL (PNW) has a value of -0.0716355, indicating a bearish trend.
Can you provide the support and resistance levels for PINNACLE WEST CAPITAL?
PINNACLE WEST CAPITAL (PNW) has a support level at 88.24 and a resistance level at 88.51. Check the full technical report for our detailed analysis of PNW support and resistance levels.