Pinnacle West Capital Stock Technical Analysis
PNW Stock | USD 74.40 1.43 1.96% |
As of the 19th of April, Pinnacle West holds the Semi Deviation of 1.23, coefficient of variation of 1410.96, and Risk Adjusted Performance of 0.0491. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Pinnacle West, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Pinnacle West Capital, which can be compared to its competitors. Please check Pinnacle West Capital standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Pinnacle West Capital is priced some-what accurately, providing market reflects its current price of 74.4 per share. Given that Pinnacle West has jensen alpha of 0.0321, we recommend you to check out Pinnacle West Capital's recent market performance to make sure the company can sustain itself at a future point.
Pinnacle West Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Pinnacle, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PinnaclePinnacle |
Pinnacle West Analyst Consensus
Target Price | Advice | # of Analysts | |
77.55 | Buy | 15 | Odds |
Most Pinnacle analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Pinnacle stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Pinnacle West Capital, talking to its executives and customers, or listening to Pinnacle conference calls.
Pinnacle West technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Pinnacle West Capital Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Pinnacle West Capital volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Pinnacle West Capital Trend Analysis
Use this graph to draw trend lines for Pinnacle West Capital. You can use it to identify possible trend reversals for Pinnacle West as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Pinnacle West price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Pinnacle West Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Pinnacle West Capital applied against its price change over selected period. The best fit line has a slop of 0.11 , which may imply that Pinnacle West Capital will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 430.76, which is the sum of squared deviations for the predicted Pinnacle West price change compared to its average price change.About Pinnacle West Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Pinnacle West Capital on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Pinnacle West Capital based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Pinnacle West Capital price pattern first instead of the macroeconomic environment surrounding Pinnacle West Capital. By analyzing Pinnacle West's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Pinnacle West's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Pinnacle West specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 (projected) | Dividend Yield | 0.0464 | 0.044 | 0.0474 | Price To Sales Ratio | 2.1 | 1.99 | 1.74 |
Pinnacle West April 19, 2024 Technical Indicators
Most technical analysis of Pinnacle help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Pinnacle from various momentum indicators to cycle indicators. When you analyze Pinnacle charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0491 | |||
Market Risk Adjusted Performance | 0.105 | |||
Mean Deviation | 1.03 | |||
Semi Deviation | 1.23 | |||
Downside Deviation | 1.4 | |||
Coefficient Of Variation | 1410.96 | |||
Standard Deviation | 1.32 | |||
Variance | 1.74 | |||
Information Ratio | 0.0189 | |||
Jensen Alpha | 0.0321 | |||
Total Risk Alpha | (0.04) | |||
Sortino Ratio | 0.0178 | |||
Treynor Ratio | 0.095 | |||
Maximum Drawdown | 6.08 | |||
Value At Risk | (2.05) | |||
Potential Upside | 2.14 | |||
Downside Variance | 1.97 | |||
Semi Variance | 1.51 | |||
Expected Short fall | (1.01) | |||
Skewness | (0.20) | |||
Kurtosis | (0.15) |
Pinnacle West April 19, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Pinnacle stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 13,980 | ||
Daily Balance Of Power | 0.95 | ||
Rate Of Daily Change | 1.02 | ||
Day Median Price | 73.74 | ||
Day Typical Price | 73.96 | ||
Price Action Indicator | 1.38 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pinnacle West Capital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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When running Pinnacle West's price analysis, check to measure Pinnacle West's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pinnacle West is operating at the current time. Most of Pinnacle West's value examination focuses on studying past and present price action to predict the probability of Pinnacle West's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pinnacle West's price. Additionally, you may evaluate how the addition of Pinnacle West to your portfolios can decrease your overall portfolio volatility.
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Is Pinnacle West's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pinnacle West. If investors know Pinnacle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pinnacle West listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.215 | Dividend Share 3.475 | Earnings Share 4.41 | Revenue Per Share 41.396 | Quarterly Revenue Growth (0.02) |
The market value of Pinnacle West Capital is measured differently than its book value, which is the value of Pinnacle that is recorded on the company's balance sheet. Investors also form their own opinion of Pinnacle West's value that differs from its market value or its book value, called intrinsic value, which is Pinnacle West's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pinnacle West's market value can be influenced by many factors that don't directly affect Pinnacle West's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pinnacle West's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pinnacle West is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pinnacle West's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.