PINNACLE WEST CAPITAL (PNW) Stock Technical Analysis
USA - NYSE:PNW - US7234841010 - Common Stock
92.56 USD
-0.06 (-0.06%)
92.56 USD
0 (0%)
Overall PNW gets a technical rating of 6 out of 10. Although PNW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
PNW is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 63% are performing better than PNW.
The long and short term trends are both positive. This is looking good!
PNW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PNW is lagging the market slightly.
PNW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
PNW has an average volume of 1026230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, PNW turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
Although the technical rating is only medium, PNW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 91.23, a Stop Loss order could be placed below this zone.
More info and screens
85.01
96.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 89.09 to 91.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.87 to 87.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 92.80 to 95.43. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for PNW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNW is up. |
| ChartMill Relative Strength | 50.79 | NEUTRAL | PNW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PNW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PNW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PNW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.69 | NEUTRAL | The RSI value for PNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PNW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.34 | NEUTRAL | The Stochastics value for PNW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for PNW suggests low volalility. |
| Average Directional Index/ADX (14) | 29.89 | POSITIVE | The high ADX value value for PNW suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 94.46 | 91.38 | 3.08 (3.27%) | 25.00% |
| An entry @94.46. This is a Buy Stop order right above the 10 day high. | An exit @91.38. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.08 points, which is 3.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
92.56
-0.06 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.06%
1 Week-0.47%
2 Weeks1.06%
1 Month7.53%
3 Month1.81%
6 Month-1.27%
12 Month4.94%
2 Year24.78%
3 Year37.72%
5 Year13.47%
10 Year45.74%
15 Year124.88%
Volatility
ATR(14)1.32
ATR(20)%1.57%
ATR Inc-11.77%
Range Today1.36
ADR(20)1.43
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.79
3 months CRS45.59
6 months CRS20.29
Mansfield-0.81
10 Day High94.45
10 Day Low91.39
20 Day High94.45
20 Day Low85.91
52 Week High96.5
52 Week Low81.47
CS1 End91.23
CR1 Start92.8
Volume & EV
DER(3)0.45%
DER(5)0.54%
Volume1.51M
Volume Incr12.49%
Vol(5)1.21M
Vol(50)1.03M