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Archive
- 6/26/2020 -
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Pinnacle West Capital (PNW) |
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Pinnacle West Capital (PNW). During the week, the PNW dropped -2.45 points, or -3.33%, and closed at 71.05 on Friday, June 26, 2020. Weekly volume was -15% below average.
PNW is a member of Utilities Sector. Utilities is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See PNW long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 22.32 and reached 105.51 on February 21, 2020. PNW gained -83.19 points, or -372.72%, in 572 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (88.74) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PNW may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See PNW medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 60.05 and reached 84.69 on April 9, 2020. PNW gained -24.64 points, or -41.03%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (76.29) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PNW may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See PNW weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See PNW short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 82.29 and reached 69.96 on June 26, 2020. PNW lost 12.33 points, or 14.98%, in 18 days. The price is now at the 8.84% retracement level.
 Daily Technical Indicators: [See PNW daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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