|
|
Archive
- 5/23/2025 -
Sign In to see current Signals. |
Pinnacle West Capital (PNW) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Pinnacle West Capital (PNW). During the week, the PNW dropped -0.99 points, or -1.08%, and closed at 90.75 on Friday, May 23, 2025. Weekly volume was -13% below average.
PNW is a member of Utilities Sector. Utilities is the most overbought 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 Rising Wedge chart pattern. The trend support level is at 88.43 and resistance is at 98.17. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See PNW medium-term trend chart]
A medium-term uptrend had started on January 13, 2025 at 81.47 and reached 96.50 on April 3, 2025. PNW gained -15.03 points, or -18.45%, in 11 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 89.17 and resistance is at 95.20. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 May 9, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 April 3, 2025 at 96.50 and reached 86.55 on April 9, 2025. PNW lost 9.95 points, or 10.31%, in 6 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 87.42 and resistance is at 95.20. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
Daily Technical Indicators: [See PNW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 2, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
 Candlestick pattern: [See PNW candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.
| |
|
|