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- 1/9/2026 -
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Pinnacle West Capital (PNW) Technical Analysis

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Summary:
Weekly :Oversold sectorTrend support at 100.37
Daily :Williams' Percentage Range is overboughtPrice has crossed above the 50 Day Moving AverageBroken trend resistance lineThe price moved above the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was a first positive week for the Pinnacle West Capital (PNW). During the week, the PNW gained 0.93 points, or 1.06%, and closed at 89.07 on Friday, January 9, 2026. PNW was trading at average weekly trading volume.

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 price is near the trend support (100.37) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 86.03 and resistance is at 94.01. 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 downtrend resistance line (85.68) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PNW may retest the broken resistance line. It is considered to be a support 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 resistance line in a short-term trend.

Daily Technical Indicators: [See PNW daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

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

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.14%) 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 52.51
Williams' Percentage Range (W%R) 16.50
Overbought
Lane's Stochastic (%D-Slow) 65.34
Greed/Fear Indicator (GFI) 67.11
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.71
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 29.40
Greed/Fear Indicator (GFI) 40.26
Moving Average Converg./Diverg. (MACD) -0.34
Trading Signals
Description Value Chart
Quarterly Trendline Support 100.37
Monthly Trendline Resistance 94.01
Upper Bollinger Band 89.88
Quarterly Trendline Resistance 89.36
Daily Stochastic Crossing 89.16
Price 89.07
50 Day Moving Average 88.56
20 Day Moving Average 88.29
Weekly Stochastic Crossing 87.82
Weekly Trendline Resistance 87.72
Lower Bollinger Band 87.07
Parabolic System 86.47
Monthly Trendline Support 86.03
Weekly Trendline Support 85.68
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Electric Utilities 18
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 86.18
Low Date 12/10/2025
High 90.32
High Date 01/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 87.72
Support 85.68
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 94.01
Support 86.03
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 Test Support
Resistance 89.36
Support 100.37
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.