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Archive
- 5/29/2026 -
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Pinnacle West Capital (PNW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Pinnacle West Capital (PNW). During the week, the PNW dropped -3.20 points, or -3.11%, and closed at 99.74 on Friday, May 29, 2026. Weekly volume was -25% below 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 September 18, 2025 at 85.32 and reached 104.92 on April 9, 2026. PNW gained -19.60 points, or -22.97%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 87.89 and resistance is at 108.00. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See PNW medium-term trend chart]
A medium-term downtrend had started on April 9, 2026 at 104.92 and reached 97.90 on May 13, 2026. PNW lost 7.02 points, or 6.69%, in 4 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 96.45 and resistance is at 104.73. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See PNW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 8, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 May 13, 2026 at 97.90 and reached 103.45 on May 28, 2026. PNW gained -5.55 points, or -5.67%, in 15 days. The price is now at the 66.85% retracement 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.
The daily MACD line is above its signal line since May 19, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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