US stock / ETF

Pinnacle West Capital Corporation

PNW · NYSE · USD

4 hoursRange50%
4h Range probability 100%Range

PNW 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Break either side of $98 - $108.14 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateRange
Momentum mixed

RSI 45.6, MACD 0.230

4h
Volatility EnvironmentBullish
Low volatility

ATR is $1.17 (1.16%)

4h

EMA Structure

Bearish
EMA 8$101.22Bearish
EMA 21$101.46Bearish
EMA 50$102.86Bearish

Signals

CategoryReadStrength
Momentum
RSI 45.6 · MACD 0.230

Neutral zone

Strength
Range
Volatility
ATR $1.17 · BB 3.21%

Low volatility

Strength
Bullish
Volume
MFI 59.5 · OBV -14.88%

Relative to 20-period average volume

Strength
Range
Price Levels
$98 - $108.14

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+8.19% · 7.1 ATR above latest close

$109.31
Nearest resistance

+7.04% · 6.1 ATR above · 34-bar high

$108.14
Current price

Price shown is delayed

$101.03
Nearest support

-3% · 2.6 ATR below · 34-bar low

$98
Deeper support zone

-4.16% · 3.6 ATR below latest close

$96.83
ATR zone

Latest close ± ATR14

$99.86 - $102.2

Indicators

Trend

Dow Theory Structure

Confirmation $102.69, invalidation $100.26

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

Trend strength is moderate

19.6 / 28.3 / 26.6Bullish
Supertrend (10,3)

Price is above Supertrend

$98.49Bullish
Ichimoku Cloud

Cloud Span A / Span B

$100.85 / $107.63Bearish
Donchian Channel (20)

20-period breakout channel position

65%Bearish

Volatility

ATR (14)

Low volatility

$1.17 (1.16%)Bullish
Bollinger Bands (20,2)

Width 3.21%

52%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$103.11 / $99.72Bullish
ATR channel lower / upper

Current Volatility Envelope

$99.86 / $102.2Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$108.14Range
Support

Nearest Downside Decision Level

$98Range

Momentum

RSI (14)

Neutral zone

45.6Range
MACD (12,26,9)

Histogram is positive

0.230Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

64.6 / 74.2Bearish
Williams %R (14)

Neutral zone

-35.4Range
CCI (20)

Balanced zone

8.4Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

59.5Bullish
OBV slope

20-period OBV slope

-14.88%Bearish
Volume ratio

Relative to 20-period average volume

1.20xBullish

Trend

Dow Theory Structure

Confirmation $102.69, invalidation $100.26

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

Trend strength is moderate

19.6 / 28.3 / 26.6Bullish
Supertrend (10,3)

Price is above Supertrend

$98.49Bullish
Ichimoku Cloud

Cloud Span A / Span B

$100.85 / $107.63Bearish
Donchian Channel (20)

20-period breakout channel position

65%Bearish

Momentum

RSI (14)

Neutral zone

45.6Range
MACD (12,26,9)

Histogram is positive

0.230Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

64.6 / 74.2Bearish
Williams %R (14)

Neutral zone

-35.4Range
CCI (20)

Balanced zone

8.4Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Low volatility

$1.17 (1.16%)Bullish
Bollinger Bands (20,2)

Width 3.21%

52%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$103.11 / $99.72Bullish
ATR channel lower / upper

Current Volatility Envelope

$99.86 / $102.2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

59.5Bullish
OBV slope

20-period OBV slope

-14.88%Bearish
Volume ratio

Relative to 20-period average volume

1.20xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$108.14Range
Support

Nearest Downside Decision Level

$98Range

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