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- 1/2/2026 -
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Pinnacle West Capital (PNW) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sector
Daily :A Parabolic SAR indicator is above and near the priceTrend resistance at 88.30The price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close togetherPrice is close to the 50 Day Moving Average
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It was the negative week for the Pinnacle West Capital (PNW). During the week, the PNW gave back -0.26 points, or -0.29%, and closed at 88.14 on Friday, January 2, 2026. Weekly volume was -18% 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 February 8, 2024 at 65.20 and reached 96.50 on April 3, 2025. PNW gained -31.30 points, or -48.01%, in 60 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (100.00) is broken. A broken support is considered to be a long-term bearish signal. 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 downtrend had started on April 17, 2025 at 96.13 and reached 85.32 on September 18, 2025. PNW lost 10.81 points, or 11.25%, in 22 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 86.07 and resistance is at 94.06. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See PNW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 31, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 October 16, 2025 at 94.45 and reached 86.18 on December 10, 2025. PNW lost 8.27 points, or 8.76%, in 55 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (88.30). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See PNW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since December 16, 2025. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (87.8) comes close to the price (88.14). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.27%) is close to one year low (3.10%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.74
Williams' Percentage Range (W%R) 23.90
Lane's Stochastic (%D-Slow) 71.27
Greed/Fear Indicator (GFI) 68.71
Moving Average Converg./Diverg. (MACD) -0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.56
Williams' Percentage Range (W%R) 63.00
Lane's Stochastic (%D-Slow) 27.42
Greed/Fear Indicator (GFI) 36.16
Moving Average Converg./Diverg. (MACD) -0.30
Trading Signals
Description Value Chart
Quarterly Trendline Support 100.00
Monthly Trendline Resistance 94.06
Upper Bollinger Band 89.83
Quarterly Trendline Resistance 89.54
50 Day Moving Average 88.90
Daily Stochastic Crossing 88.76
Weekly Trendline Resistance 88.30
Price 88.14
20 Day Moving Average 88.00
Parabolic System 87.80
Weekly Stochastic Crossing 87.35
Lower Bollinger Band 86.97
Monthly Trendline Support 86.07
Weekly Trendline Support 85.80
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Electric Utilities 31
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 86.18
Low Date 12/10/2025
High 89.49
High Date 12/30/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 88.30
Support 85.80
High 94.45
High Date 10/16/2025
Low 86.18
Low Date 12/10/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 94.06
Support 86.07
High 96.13
High Date 04/17/2025
Low 85.32
Low Date 09/18/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 89.54
Support 100.00
Low 65.20
Low Date 02/08/2024
High 96.50
High Date 04/03/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.03
Low Date 10/13/2022
High 96.50
High Date 04/03/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.