US stock / ETF

Pinnacle West Capital Corporation

PNW · NYSE · USD

4 hoursBearish88%
4h Downside probability 88%Bearish

PNW 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Recover $95.99 and stabilize above resistance $98.51.

Invalidation Trigger

Break above $98.51 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 37.3, MACD -0.069

4h
Volatility EnvironmentBullish
Low volatility

ATR is $0.7452 (0.78%)

4h

EMA Structure

Bearish
EMA 8$95.29Bearish
EMA 21$95.99Bearish
EMA 50$97.07Bearish

Signals

CategoryReadStrength
Momentum
RSI 37.3 · MACD -0.069

Momentum is weak

Strength
Bearish
Volatility
ATR $0.7452 · BB 3.80%

Low volatility

Strength
Bullish
Volume
MFI 14.3 · OBV -6.47%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$94.68 - $98.51

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4.49% · 5.7 ATR above latest close

$99.26
Nearest resistance

+3.71% · 4.7 ATR above · 34-bar high

$98.51
Current price

Price shown is delayed

$94.99
Nearest support

-0.33% · 0.4 ATR below · 34-bar low

$94.68
Deeper support zone

-1.12% · 1.4 ATR below latest close

$93.93
ATR zone

Latest close ± ATR14

$94.24 - $95.74

Indicators

Trend

Dow Theory Structure

Confirmation $94.68, invalidation $97.1

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

20.2 / 41.7 / 28.3Bullish
Supertrend (10,3)

Price is above Supertrend

$92.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$96.24 / $96.78Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Volatility

ATR (14)

Low volatility

$0.7452 (0.78%)Bullish
Bollinger Bands (20,2)

Width 3.80%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$97.51 / $94.38Bullish
ATR channel lower / upper

Current Volatility Envelope

$94.24 / $95.74Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$98.51Range
Support

Nearest Downside Decision Level

$94.68Range

Momentum

RSI (14)

Momentum is weak

37.3Bearish
MACD (12,26,9)

Histogram is negative

-0.069Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.5 / 15.8Bearish
Williams %R (14)

Oversold zone

-90.5Bullish
CCI (20)

Balanced zone

-97.5Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

14.3Bearish
OBV slope

20-period OBV slope

-6.47%Bearish
Volume ratio

Relative to 20-period average volume

1.55xBullish

Trend

Dow Theory Structure

Confirmation $94.68, invalidation $97.1

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

20.2 / 41.7 / 28.3Bullish
Supertrend (10,3)

Price is above Supertrend

$92.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$96.24 / $96.78Bearish
Donchian Channel (20)

20-period breakout channel position

9%Bearish

Momentum

RSI (14)

Momentum is weak

37.3Bearish
MACD (12,26,9)

Histogram is negative

-0.069Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.5 / 15.8Bearish
Williams %R (14)

Oversold zone

-90.5Bullish
CCI (20)

Balanced zone

-97.5Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$0.7452 (0.78%)Bullish
Bollinger Bands (20,2)

Width 3.80%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$97.51 / $94.38Bullish
ATR channel lower / upper

Current Volatility Envelope

$94.24 / $95.74Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

14.3Bearish
OBV slope

20-period OBV slope

-6.47%Bearish
Volume ratio

Relative to 20-period average volume

1.55xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$98.51Range
Support

Nearest Downside Decision Level

$94.68Range

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