|
|
Archive - 3/15/2024 - 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 gave back -0.72 points, or -1.00%, and closed at 70.98 on Friday, March 15, 2024. Weekly volume was 25% above average. PNW is a member of Utilities Sector. Utilities is the 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 October 13, 2022 at 59.03 and reached 86.03 on July 25, 2023. PNW gained -27.00 points, or -45.74%, in 40 weeks. The price is now at the 55.74% retracement level. Medium-term trend: [See PNW medium-term trend chart] A medium-term downtrend had started on December 13, 2023 at 77.23 and reached 65.20 on February 8, 2024. PNW lost 12.03 points, or 15.58%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (62.20) is broken. A broken support is considered to be a long-term bullish 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 resistance line 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 above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help. Short-term trend: [See PNW short-term trend chart] A short-term uptrend had started on February 8, 2024 at 65.20 and reached 72.52 on March 11, 2024. PNW gained -7.32 points, or -11.23%, in 32 days. The price is now at the 21.04% retracement level. Daily Technical Indicators: [See PNW daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since February 15, 2024. This is an indication that the short-term trend is up.
| |
|
|
|
|
Daily Oscillators |
|
Weekly Oscillators |
|
Trading
Signals |
|
|
Sector and
Industry |
Description |
Name |
Rank |
Sector |
Utilities |
1 |
Industry |
Electric Utilities |
24 |
|
Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
65.20 |
Low Date |
02/08/2024 |
High |
72.52 |
High Date |
03/11/2024 |
|
Weekly Trend |
|
Description |
Value |
Direction |
Down |
Chart Pattern |
Falling Channel |
Status |
Broken Resistance |
Resistance |
68.55 |
Support |
62.20 |
High |
77.23 |
High Date |
12/13/2023 |
Low |
65.20 |
Low Date |
02/08/2024 |
|
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
|
Resistance |
|
Support |
|
High |
86.03 |
High Date |
07/25/2023 |
Low |
65.20 |
Low Date |
02/08/2024 |
|
Quarterly Trend |
|
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
|
Resistance |
|
Support |
|
Low |
59.03 |
Low Date |
10/13/2022 |
High |
86.03 |
High Date |
07/25/2023 |
|
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
|
Resistance |
|
Support |
|
High |
105.51 |
High Date |
02/21/2020 |
Low |
59.03 |
Low Date |
10/13/2022 |
|
|