US stock / ETF

Pinnacle West Capital Corporation

PNW · NYSE · USD

4 hoursBullish56%
4h Upside probability 56%Bullish

PNW 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $106.6 and reclaim $110.85.

Invalidation Trigger

Lose $106.6 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 47.3, MACD -0.070

4h
Volatility EnvironmentBullish
Low volatility

ATR is $0.9414 (0.87%)

4h

EMA Structure

Bullish
EMA 8$108.27Bearish
EMA 21$108.21Bearish
EMA 50$107.49Bullish

Signals

CategoryReadStrength
Momentum
RSI 47.3 · MACD -0.070

Neutral zone

Strength
Bearish
Volatility
ATR $0.9414 · BB 2.43%

Low volatility

Strength
Bullish
Volume
MFI 47.4 · OBV 42.97%

Relative to 20-period average volume

Strength
Range
Price Levels
$106.6 - $110.85

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+3.77% · 4.3 ATR above latest close

$111.79
Nearest resistance

+2.89% · 3.3 ATR above · 34-bar high

$110.85
Current price

Price shown is delayed

$107.73
Nearest support

-1.05% · 1.2 ATR below · 34-bar low

$106.6
Deeper support zone

-1.92% · 2.2 ATR below latest close

$105.66
ATR zone

Latest close ± ATR14

$106.79 - $108.67

Indicators

Trend

Dow Theory Structure

Confirmation $110.85, invalidation $108.09

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

24.5 / 38.1 / 29.9Bullish
Supertrend (10,3)

Price is above Supertrend

$104.56Bullish
Ichimoku Cloud

Cloud Span A / Span B

$108.88 / $108.28Bearish
Donchian Channel (20)

20-period breakout channel position

18%Bearish

Volatility

ATR (14)

Low volatility

$0.9414 (0.87%)Bullish
Bollinger Bands (20,2)

Width 2.43%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$110.33 / $106.1Bullish
ATR channel lower / upper

Current Volatility Envelope

$106.79 / $108.67Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$110.85Range
Support

Nearest Downside Decision Level

$106.6Range

Momentum

RSI (14)

Neutral zone

47.3Range
MACD (12,26,9)

Histogram is negative

-0.070Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.7 / 33.7Bearish
Williams %R (14)

Oversold zone

-82.3Bullish
CCI (20)

Balanced zone

-76.3Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.4Range
OBV slope

20-period OBV slope

42.97%Bullish
Volume ratio

Relative to 20-period average volume

3.05xBullish

Trend

Dow Theory Structure

Confirmation $110.85, invalidation $108.09

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

24.5 / 38.1 / 29.9Bullish
Supertrend (10,3)

Price is above Supertrend

$104.56Bullish
Ichimoku Cloud

Cloud Span A / Span B

$108.88 / $108.28Bearish
Donchian Channel (20)

20-period breakout channel position

18%Bearish

Momentum

RSI (14)

Neutral zone

47.3Range
MACD (12,26,9)

Histogram is negative

-0.070Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.7 / 33.7Bearish
Williams %R (14)

Oversold zone

-82.3Bullish
CCI (20)

Balanced zone

-76.3Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$0.9414 (0.87%)Bullish
Bollinger Bands (20,2)

Width 2.43%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$110.33 / $106.1Bullish
ATR channel lower / upper

Current Volatility Envelope

$106.79 / $108.67Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.4Range
OBV slope

20-period OBV slope

42.97%Bullish
Volume ratio

Relative to 20-period average volume

3.05xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$110.85Range
Support

Nearest Downside Decision Level

$106.6Range

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