Pinnacle West Capital Corporation Stock Forecast
Red day on Tuesday for Pinnacle West Capital Corporation
(Updated on Jun 25, 2024)
The Pinnacle West Capital Corporation stock price fell by -0.535% on the last day (Tuesday, 25th Jun 2024) from $75.67 to $75.26. During the last trading day the stock fluctuated 1.05% from a day low at $75.26 to a day high of $76.05. The price has risen in 5 of the last 10 days but is still down by -1.01% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -230 shares and in total, 3 shares were bought and sold for approximately $225.78 .
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $74.88 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.72% during the next 3 months and, with a 90% probability hold a price between $79.16 and $84.24 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0KIT.L Signals & Forecast
There are few to no technical positive signals at the moment. The Pinnacle West Capital Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $75.42 and $76.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -4.18%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. 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 $75.03 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.790 between high and low, or 1.05%. For the last week the stock has had daily average volatility of 1.11%
Pinnacle West Capital Corporation is oversold on RSI14 (27). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Pinnacle West Capital Corporation to open at $75.52, and during the day (based on 14 day Average True Range), to move between $74.26 and $76.26, which gives a possible trading interval of +/-$1.00 (+/-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 2.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $75.03 (0.31%) than the resistance at $76.69 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pinnacle West Capital Corporation stock A Buy?
The Pinnacle West Capital Corporation stock holds several negative signals and despite the positive trend, we believe Pinnacle West Capital Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.416 Sell Candidate Unchanged
Predicted Opening Price for Pinnacle West Capital Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $75.52 ( 0.350%) | $75.26 |
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 | 76.31 | 1.40% |
| R2 | 76.01 | 1.00% |
| R1 | 75.83 | 0.751% |
| Price | 75.26 | |
| S1 | 75.22 | -0.0511% |
| S2 | 75.04 | -0.299% |
| S3 | 74.73 | -0.700% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78.29 | 4.02% |
| R2 | 77.88 | 3.48% |
| R1 | 76.69 | 1.90% |
| Price | 75.26 | |
| S1 | 75.03 | -0.306% |
| S2 | 74.34 | -1.22% |
| S3 | 74.02 | -1.65% |
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
Click here for our free guide on how to buy Pinnacle West Capital Corporation Stock.
