US stock / ETF

Pinnacle West Capital Corporation

PNW · NYSE · USD

4 hoursBearish59%
4h Downside probability 59%Bearish

PNW 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Recover $98.46 and stabilize above resistance $101.72.

Invalidation Trigger

Break above $101.72 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateRange
Momentum mixed

RSI 41.7, MACD 0.068

4h
Volatility EnvironmentBullish
Low volatility

ATR is $0.5938 (0.61%)

4h

EMA Structure

Bearish
EMA 8$98.05Bearish
EMA 21$98.46Bearish
EMA 50$99.56Bearish

Signals

CategoryReadStrength
Momentum
RSI 41.7 · MACD 0.068

Momentum is weak

Strength
Range
Volatility
ATR $0.5938 · BB 3.14%

Low volatility

Strength
Bullish
Volume
MFI 67.7 · OBV 2.86%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$96.6 - $101.72

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4.52% · 7.5 ATR above latest close

$102.31
Nearest resistance

+3.91% · 6.5 ATR above · 34-bar high

$101.72
Current price

Price shown is delayed

$97.89
Nearest support

-1.32% · 2.2 ATR below · 34-bar low

$96.6
Deeper support zone

-1.92% · 3.2 ATR below latest close

$96.01
ATR zone

Latest close ± ATR14

$97.3 - $98.48

Indicators

Trend

Dow Theory Structure

Confirmation $98.85, invalidation $96.6

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

Trend strength is active

31.0 / 20.4 / 32.1Bearish
Supertrend (10,3)

Price is above Supertrend

$96.16Bullish
Ichimoku Cloud

Cloud Span A / Span B

$98.44 / $99.65Bearish
Donchian Channel (20)

20-period breakout channel position

37%Bearish

Volatility

ATR (14)

Low volatility

$0.5938 (0.61%)Bullish
Bollinger Bands (20,2)

Width 3.14%

40%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$99.57 / $97.27Bullish
ATR channel lower / upper

Current Volatility Envelope

$97.3 / $98.48Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$101.72Range
Support

Nearest Downside Decision Level

$96.6Range

Momentum

RSI (14)

Momentum is weak

41.7Bearish
MACD (12,26,9)

Histogram is positive

0.068Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

57.5 / 48.2Bullish
Williams %R (14)

Neutral zone

-42.5Range
CCI (20)

Balanced zone

-34.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

67.7Bullish
OBV slope

20-period OBV slope

2.86%Bullish
Volume ratio

Relative to 20-period average volume

1.91xBullish

Trend

Dow Theory Structure

Confirmation $98.85, invalidation $96.6

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

Trend strength is active

31.0 / 20.4 / 32.1Bearish
Supertrend (10,3)

Price is above Supertrend

$96.16Bullish
Ichimoku Cloud

Cloud Span A / Span B

$98.44 / $99.65Bearish
Donchian Channel (20)

20-period breakout channel position

37%Bearish

Momentum

RSI (14)

Momentum is weak

41.7Bearish
MACD (12,26,9)

Histogram is positive

0.068Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

57.5 / 48.2Bullish
Williams %R (14)

Neutral zone

-42.5Range
CCI (20)

Balanced zone

-34.7Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$0.5938 (0.61%)Bullish
Bollinger Bands (20,2)

Width 3.14%

40%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$99.57 / $97.27Bullish
ATR channel lower / upper

Current Volatility Envelope

$97.3 / $98.48Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

67.7Bullish
OBV slope

20-period OBV slope

2.86%Bullish
Volume ratio

Relative to 20-period average volume

1.91xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$101.72Range
Support

Nearest Downside Decision Level

$96.6Range

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