RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PNW
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Pinnacle West Capital Corporation stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.95% PDF

The Pinnacle West Capital Corporation stock price gained 0.95% on the last trading day (Thursday, 28th Mar 2024), rising from $74.03 to $74.73. During the last trading day the stock fluctuated 1.20% from a day low at $73.90 to a day high of $74.79. The price has risen in 8 of the last 10 days and is up by 5.54% over the past 2 weeks. Volume fell on the last day by -448 thousand shares and in total, 850 thousand shares were bought and sold for approximately $63.52 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Given the current horizontal trend, you can expect Pinnacle West Capital Corporation stock with a 90% probability to be traded between $66.58 and $74.86 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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PNW Signals & Forecast

Mostly positive signals in the chart today. The Pinnacle West Capital Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $73.14 and $70.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 12.56%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Pinnacle West Capital Corporation stock

Pinnacle West Capital Corporation finds support from accumulated volume at $71.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.89 (1.20%) between high and low. For the last week, the stock has had daily average volatility of 1.48%.

Our recommended stop-loss: $72.35 (-3.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)

Trading Expectations (PNW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Pinnacle West Capital Corporation to open at $74.47, and during the day (based on 14 day Average True Range), to move between $73.39 and $76.07, which gives a possible trading interval of +/-$1.34 (+/-1.79%) 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 3.59% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $71.37, some $3.36 (4.50%) from the current price of $74.73, our system finds the risk reward attractive.

Is Pinnacle West Capital Corporation stock A Buy?

Pinnacle West Capital Corporation holds several positive signals and is considered to be a good choice at current levels. We expect the Pinnacle West Capital Corporation stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.847 Strong Buy Candidate Upgraded

Predicted Opening Price for Pinnacle West Capital Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$74.47 ( 0.343%) $74.73

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PNW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 75.36 0.85 %
R2 75.02 0.393 %
R1 74.81 0.111 %
Current price: 74.73
Support S1 74.13 -0.798 %
S2 73.92 -1.08 %
S3 73.58 -1.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 74.73
Support S1 71.37 -4.50%
S2 69.88 -6.49%
S3 68.33 -8.56%

PNW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 13, 2023 Feb 01, 2024 Mar 01, 2024 $0.88 1.29%
2 Dec 13, 2023 Jan 31, 2024 Mar 01, 2024 $0.88 1.29%
3 Oct 18, 2023 Oct 31, 2023 Dec 01, 2023 $0.88 1.17%
4 Jun 21, 2023 Jul 31, 2023 Sep 01, 2023 $0.87 1.14%
5 Apr 19, 2023 Apr 28, 2023 Jun 01, 2023 $0.87 1.14%

FAQ

What is the symbol for Pinnacle West Capital Corporation Stock and on which exchange is it traded?
The symbol for Pinnacle West Capital Corporation is PNW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Pinnacle West Capital Corporation Stock?
Pinnacle West Capital Corporation holds several positive signals and is considered to be a good choice at current levels. We expect the Pinnacle West Capital Corporation stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Pinnacle West Capital Corporation Stock?
Pinnacle West Capital Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pinnacle West Capital Corporation Stock.

What's the current price of Pinnacle West Capital Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Pinnacle West Capital Corporation (PNW) share was $74.73.

What is the 52-week high and low for Pinnacle West Capital Corporation Stock?
The 52-week high for Pinnacle West Capital Corporation Stock is $86.03 and the 52-week low is $65.20.

What is the market capitalization of Pinnacle West Capital Corporation Stock?
As of the 2024-03-28, the market capitalization of Pinnacle West Capital Corporation is 9.207B.

When is the next earnings date for Pinnacle West Capital Corporation?
The upcoming earnings date for Pinnacle West Capital Corporation is May 02, 2024.
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About Pinnacle West Capital Corporation

Pinnacle West Capital Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground ... PNW Profile

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