PINNACLE WEST CAPITAL - Daily - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 95.89 USD
My targets
98.76 USD (+1.00%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PINNACLE WEST CAPITAL as long as the price remains well above 95.89 USD. The buyers” bullish objective is set at 98.76 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PINNACLE WEST CAPITAL rating 97.78 USD. The price is lower by -0.09% since the last closing and was traded between 97.11 USD and 97.92 USD over the period. The price is currently at +0.69% from its lowest and -0.14% from its highest.97.11
97.92
97.78
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PINNACLE WEST CAPITAL chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 91.81 | 93.71 | 95.89 | 97.78 | 98.76 |
| Change (%) | -6.11% | -4.16% | -1.93% | - | +1.00% |
| Change | -5.97 | -4.07 | -1.89 | - | +0.98 |
| Level | Major | Intermediate | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.87 | 96.56 | 97.21 | 97.90 | 98.55 | 99.24 | 99.89 |
| Camarilla | 97.50 | 97.62 | 97.75 | 97.87 | 97.99 | 98.12 | 98.24 |
| Woodie | 95.86 | 96.55 | 97.20 | 97.89 | 98.54 | 99.23 | 99.88 |
| Fibonacci | 96.56 | 97.07 | 97.39 | 97.90 | 98.41 | 98.73 | 99.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.43 | 91.10 | 94.13 | 95.80 | 98.84 | 100.51 | 103.54 |
| Camarilla | 95.88 | 96.31 | 96.74 | 97.17 | 97.60 | 98.03 | 98.46 |
| Woodie | 90.11 | 91.44 | 94.82 | 96.14 | 99.52 | 100.85 | 104.23 |
| Fibonacci | 91.10 | 92.89 | 94.00 | 95.80 | 97.60 | 98.71 | 100.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.62 | 88.55 | 91.93 | 93.86 | 97.24 | 99.17 | 102.55 |
| Camarilla | 93.85 | 94.34 | 94.82 | 95.31 | 95.80 | 96.28 | 96.77 |
| Woodie | 87.34 | 88.91 | 92.65 | 94.22 | 97.97 | 99.53 | 103.28 |
| Fibonacci | 88.55 | 90.58 | 91.83 | 93.86 | 95.89 | 97.14 | 99.17 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.40 | |
| MACD (12,26,9): | 0.9300 | |
| Directional Movement: | 17.68 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 96.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 93.49 | |
| Elder Ray (13): | 1.67 | |
| Super Trend (3,10): | 93.99 | |
| Zig ZAG (10): | 97.78 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 89.52 | |
| TEMA (21): | 97.05 | |
| Williams %R (14): | -10.81 | |
| Chande Momentum Oscillator (20): | 5.33 | |
| Repulse (5,40,3): | 0.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 4.43 |
| MA7: | 96.67 | |
| MA20: | 94.96 | |
| MA50: | 93.75 | |
| MA100: | 94.28 | |
| MAexp7: | 96.71 | |
| MAexp20: | 95.32 | |
| MAexp50: | 94.46 | |
| MAexp100: | 93.70 | |
| Price / MA7: | +1.15% | |
| Price / MA20: | +2.97% | |
| Price / MA50: | +4.30% | |
| Price / MA100: | +3.71% | |
| Price / MAexp7: | +1.11% | |
| Price / MAexp20: | +2.58% | |
| Price / MAexp50: | +3.51% | |
| Price / MAexp100: | +4.35% |
News
The last news published on PINNACLE WEST CAPITAL at the time of the generation of this analysis was as follows:
- Pinnacle Dermatology, a Chicago Pacific Founders portfolio company, enters the Tennessee market through acquisition of Belle Meade Dermatology and Murfreesboro Dermatology Clinic locations.
- Pinnacle Bancshares Declares $0.19 Per Share Quarterly Cash Dividend
- B2Digital (OTCMKTS:BTDG) Acquires Pinnacle Combat of Iowa
- Pinnacle Studio 23 Ultimate Delivers Power, Precision, and Unlimited Creative Opportunities in Video Editing
- Pinnacle Bank Announces Q2 2019 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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