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Uptrend SupportArchive - 4/5/2024 - Sign In to see current Signals. |
Pinnacle West Capital (PNW) Technical Analysis
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| 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 dropped -1.97 points, or -2.64%, and closed at 72.76 on Friday, April 5, 2024. Weekly volume was -21% below average. Long-term trend: [See PNW long-term trend chart] A long-term downtrend had started on July 25, 2023 at 86.03 and reached 65.20 on February 8, 2024. PNW lost 20.83 points, or 24.21%, in 28 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (62.99) 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 long-term trend. Medium-term trend: [See PNW medium-term trend chart] A medium-term uptrend had started on February 28, 2024 at 66.77 and reached 74.79 on March 28, 2024. PNW gained -8.02 points, or -12.01%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (73.79) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend. Weekly Technical Indicators: [See PNW weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since March 8, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See PNW short-term trend chart] A short-term downtrend had started on March 28, 2024 at 74.79 and reached 72.08 on April 5, 2024. PNW lost 2.71 points, or 3.62%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See PNW daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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