How the price action of Pinnacle West Capital (PNW) is used to our Advantage
January 12, 2023, 06:00 am ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PNW
- Buy PNW slightly over 73.82 target 79.57 stop loss @ 73.61 Details
The technical summary data tells us to buy PNW near 73.82 with an upside target of 79.57. This data also tells us to set a stop loss @ 73.61 to protect against excessive loss in case the stock begins to move against the trade. 73.82 is the first level of support below 76.46 , and by rule, any test of support is a buy signal. In this case, support 73.82 is being tested, a buy signal would exist.
- Short PNW slightly under 79.57, target 73.82, stop loss @ 79.8 Details
The technical summary data is suggesting a short of PNW as it gets near 79.57 with a downside target of 73.82. We should have a stop loss in place at 79.8though. 79.57 is the first level of resistance above 76.46, and by rule, any test of resistance is a short signal. In this case, if resistance 79.57 is being tested, a short signal would exist.
Swing Trading Plans for PNW
- Buy PNW slightly over 79.57, target n/a, Stop Loss @ 79.34 Details
If 79.57 begins to break higher, the technical summary data tells us to buy PNW just slightly over 79.57, with an upside target of n/a. The data also tells us to set a stop loss @ 79.34 in case the stock turns against the trade. 79.57 is the first level of resistance above 76.46, and by rule, any break above resistance is a buy signal. In this case, 79.57, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PNW slightly near 79.57, target 75.91, Stop Loss @ 79.8. Details
The technical summary data is suggesting a short of PNW if it tests 79.57 with a downside target of 75.91. We should have a stop loss in place at 79.8 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.57, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PNW
- Buy PNW slightly over 76.91, target 79.57, Stop Loss @ 76.73 Details
If 76.91 begins to break higher, the technical summary data tells us to buy PNW just slightly over 76.91, with an upside target of 79.57. The data also tells us to set a stop loss @ 76.73 in case the stock turns against the trade. 76.91 is the first level of resistance above 76.46, and by rule, any break above resistance is a buy signal. In this case, 76.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PNW slightly near 76.91, target 75.91, Stop Loss @ 77.09. Details
The technical summary data is suggesting a short of PNW if it tests 76.91 with a downside target of 75.91. We should have a stop loss in place at 77.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 76.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Pinnacle West Capital (PNW) available here: PNW.
PNW Ratings for January 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
67.88 |
| P2 |
75.48 |
73.68 |
73.82 |
| P3 |
76.91 |
75.91 |
79.57 |
AI Generated Signals for PNW
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Pinnacle West Capital (NYSE: PNW) data table below can help you with price action, and we have more details too. Trading plans for PNW are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PNW:
pool ads
