US stock / ETF

Pinnacle West Capital Corporation

PNW · NYSE · USD

1 hourBearish72%
1h Downside probability 72%Bearish

PNW 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $98.04 and stabilize above resistance $98.85.

Invalidation Trigger

Break above $98.85 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 47.0, MACD -0.033

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.3639 (0.37%)

1h

EMA Structure

Bearish
EMA 8$97.9Bearish
EMA 21$98.04Bearish
EMA 50$98.41Bearish

Signals

CategoryReadStrength
Momentum
RSI 47.0 · MACD -0.033

Neutral zone

Strength
Bearish
Volatility
ATR $0.3639 · BB 1.73%

Low volatility

Strength
Bullish
Volume
MFI 91.4 · OBV -28.20%

Relative to 20-period average volume

Strength
Range
Price Levels
$96.6 - $98.85

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+1.35% · 3.6 ATR above latest close

$99.21
Nearest resistance

+0.98% · 2.6 ATR above · 34-bar high

$98.85
Current price

Price shown is delayed

$97.89
Nearest support

-1.32% · 3.5 ATR below · 34-bar low

$96.6
Deeper support zone

-1.69% · 4.5 ATR below latest close

$96.24
ATR zone

Latest close ± ATR14

$97.53 - $98.25

Indicators

Trend

Dow Theory Structure

Confirmation $98.85, invalidation $96.6

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

43.0 / 7.4 / 46.9Bearish
Supertrend (10,3)

Price is above Supertrend

$96.59Bullish
Ichimoku Cloud

Cloud Span A / Span B

$97.66 / $98.32Bearish
Donchian Channel (20)

20-period breakout channel position

57%Range

Volatility

ATR (14)

Low volatility

$0.3639 (0.37%)Bullish
Bollinger Bands (20,2)

Width 1.73%

35%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$98.9 / $97.17Bullish
ATR channel lower / upper

Current Volatility Envelope

$97.53 / $98.25Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$98.85Range
Support

Nearest Downside Decision Level

$96.6Range

Momentum

RSI (14)

Neutral zone

47.0Range
MACD (12,26,9)

Histogram is negative

-0.033Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

61.1 / 56.3Bullish
Williams %R (14)

Neutral zone

-38.9Range
CCI (20)

Balanced zone

-42.3Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

91.4Bullish
OBV slope

20-period OBV slope

-28.20%Bearish
Volume ratio

Relative to 20-period average volume

4.20xBullish

Trend

Dow Theory Structure

Confirmation $98.85, invalidation $96.6

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

43.0 / 7.4 / 46.9Bearish
Supertrend (10,3)

Price is above Supertrend

$96.59Bullish
Ichimoku Cloud

Cloud Span A / Span B

$97.66 / $98.32Bearish
Donchian Channel (20)

20-period breakout channel position

57%Range

Momentum

RSI (14)

Neutral zone

47.0Range
MACD (12,26,9)

Histogram is negative

-0.033Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

61.1 / 56.3Bullish
Williams %R (14)

Neutral zone

-38.9Range
CCI (20)

Balanced zone

-42.3Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$0.3639 (0.37%)Bullish
Bollinger Bands (20,2)

Width 1.73%

35%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$98.9 / $97.17Bullish
ATR channel lower / upper

Current Volatility Envelope

$97.53 / $98.25Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

91.4Bullish
OBV slope

20-period OBV slope

-28.20%Bearish
Volume ratio

Relative to 20-period average volume

4.20xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$98.85Range
Support

Nearest Downside Decision Level

$96.6Range

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