Pinnacle West Capital Corporation Stock Forecast
Pinnacle West Capital Corporation stock price ended at $76.46 on Monday, after gaining 0.315%.
(Updated on Jun 17, 2024)
The Pinnacle West Capital Corporation stock price gained 0.315% on the last trading day (Monday, 17th Jun 2024), rising from $76.22 to $76.46. During the last trading day the stock fluctuated 0% from a day low at $76.46 to a day high of $76.46. The price has fallen in 5 of the last 10 days and is down by -2.65% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 more shares were traded than the day before. In total, 29 shares were bought and sold for approximately $2.22 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.76% during the next 3 months and, with a 90% probability hold a price between $81.27 and $85.67 at the end of this 3-month period.
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0KIT.L Signals & Forecast
There are mixed signals in the stock today. The Pinnacle West Capital Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $76.61. On a fall, the stock will find some support from the short-term average at $76.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -2.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Pinnacle West Capital Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pinnacle West Capital Corporation stock
Pinnacle West Capital Corporation finds support from accumulated volume at $73.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.751%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0KIT.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Pinnacle West Capital Corporation to open at $76.46, and during the day (based on 14 day Average True Range), to move between $75.44 and $77.48, which gives a possible trading interval of +/-$1.02 (+/-1.34%) up or down from last closing price. If Pinnacle West Capital Corporation takes out the full calculated possible swing range there will be an estimated 2.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $76.69 (0.30%) than the support at $73.14 (4.34%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Pinnacle West Capital Corporation stock A Buy?
Pinnacle West Capital Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.003 Sell Candidate Unchanged
Predicted Opening Price for Pinnacle West Capital Corporation of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $76.46 ( 0%) | $76.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0KIT.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.46 | - |
| R2 | 76.46 | - |
| R1 | 76.46 | - |
| Price | 76.46 | |
| S1 | 76.46 | - |
| S2 | 76.46 | - |
| S3 | 76.46 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78.29 | 2.39% |
| R2 | 77.88 | 1.86% |
| R1 | 76.69 | 0.301% |
| Price | 76.46 | |
| S1 | 73.14 | -4.34% |
| S2 | 73.05 | -4.46% |
| S3 | 72.36 | -5.36% |
0KIT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | Jun 03, 2024 | $0.88 | 1.14% |
| 2 | Jan 31, 2024 | Jan 31, 2024 | Mar 01, 2024 | $0.88 | 1.29% |
| 3 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | $0.88 | 1.19% |
| 4 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | $0.87 | 1.04% |
| 5 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | $0.87 | 1.10% |
FAQ
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