The Greedy Trader Weekly Analysis
Sign In Jan 23, 2026
Skip Navigation Links
Share
Number of records: 4
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 1/16/2026 -
Sign In to see current Signals.

Pinnacle West Capital (PNW) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Oversold sectorWeekly  MACD line has moved above its signal lineTrend resistance at 93.60
Daily :Lane's Stochastic is strongly overboughtThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second consecutive positive week for the Pinnacle West Capital (PNW). During the week, the PNW gained 4.64 points, or 5.21%, and closed at 93.71 on Friday, January 16, 2026. Weekly volume was 31% above 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 trend support level is at 100.73 and resistance is at 89.17. 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 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 Symmetric Triangle chart pattern. The price is near the trend resistance line (93.60). 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 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 December 10, 2025 at 86.18 and reached 94.01 on January 16, 2026. PNW gained -7.83 points, or -9.09%, in 37 days. Price is near the trend high.

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

The daily MACD line is above its signal line since December 16, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.02
Williams' Percentage Range (W%R) 21.70
Lane's Stochastic (%D-Slow) 90.42
Strong Overbought
Greed/Fear Indicator (GFI) 79.90
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.37
Williams' Percentage Range (W%R) 23.10
Lane's Stochastic (%D-Slow) 45.03
Greed/Fear Indicator (GFI) 57.95
Moving Average Converg./Diverg. (MACD) -0.34
Trading Signals
Description Value Chart
Quarterly Trendline Support 100.73
Price 93.71
Monthly Trendline Resistance 93.60
Daily Stochastic Crossing 93.48
Upper Bollinger Band 93.36
Weekly Stochastic Crossing 90.17
20 Day Moving Average 89.28
Parabolic System 89.18
Quarterly Trendline Resistance 89.17
50 Day Moving Average 88.83
Monthly Trendline Support 86.55
Lower Bollinger Band 86.32
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Electric Utilities 27
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 87.29
Low Date 01/08/2026
High 94.01
High Date 01/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.18
Low Date 12/10/2025
High 94.01
High Date 01/16/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 93.60
Support 86.55
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 Valid
Resistance 89.17
Support 100.73
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.