Pinnacle West Capital Technical Analysis (NYSE:PNW)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Pinnacle West Capital stock price data and volume are plotted in PNW stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Pinnacle West Capital. The technical analysis form of Pinnacle West Capital stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Pinnacle West Capital Moving Average
Moving averages help predict the price direction of PNW stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Pinnacle West Capital are mostly signals of long term trends and will help long term traders.
Pinnacle West Capital Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Pinnacle West Capital. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Pinnacle West Capital bollinger bands.
Pinnacle West Capital Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Pinnacle West Capital MACD indicator can be used to identify bullish and bearish trends for the stock.
Pinnacle West Capital Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 64.89 is the RSI value of PNW stock.