PINNACLE WEST CAPITAL (PNW) Stock Technical Analysis
NYSE:PNW - New York Stock Exchange, Inc. - US7234841010 - Common Stock - Currency: USD
Overall PNW gets a technical rating of 3 out of 10. 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.
PNW is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 60% are performing better than PNW.
PNW has an average volume of 1213280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 48% of all stocks.
PNW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PNW is lagging the market.
In the last month PNW has a been trading in a tight range between 87.58 and 91.06.
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 90.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 89.56, a Stop Loss order could be placed below this zone.
More info and screens
87.93
96.38
When analyzing the support we notice one important area.
- A support zone ranging from 88.82 to 89.56. 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 90.47 to 91.01. 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 | NEUTRAL | NEUTRAL | The long term trend for PNW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PNW is neutral. |
| ChartMill Relative Strength | 48.54 | 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 | NEGATIVE | The current price of PNW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PNW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.48 | NEUTRAL | The RSI value for PNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests PNW has a positive trend. |
| Stochastics (14,3) | 83.79 | OVERBOUGHT | The high Stochastics value suggests PNW may be overbought. |
| Average True Range in percent/ATR (20) | 1.4 | LOW VOLATILITY | The low ATR as a percentage value for PNW suggests low volalility. |
| Average Directional Index/ADX (14) | 20.73 | NEUTRAL | The ADX value for PNW suggests a possible start of a new 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)
90.42
+0.25 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.28%
1 Week1.63%
2 Weeks2.16%
1 Month0.98%
3 Month-0.74%
6 Month7.32%
12 Month19.21%
2 Year9.18%
3 Year23.07%
5 Year8.83%
10 Year46.52%
15 Year137.39%
Volatility
ATR(14)1.31
ATR(20)%1.4%
ATR Inc-20.31%
Range Today0.81
ADR(20)1.24
ADR(20)%1.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.54
Mansfield-0.66
10 Day High91.06
10 Day Low88.26
20 Day High91.06
20 Day Low87.58
52 Week High96.5
52 Week Low75.57
CS1 End89.56
CR1 Start90.47
Volume & EV
DER(3)0.06%
DER(5)0.66%
Volume757.60K
Volume Incr21.62%
Vol(5)1.47M
Vol(50)1.21M