Here’s Why Pinnacle West Capital Corporation (NYSE:PNW) Dropped -1.3%

For its latest trading sesion, Pinnacle West Capital Corporation (NYSE:PNW) dropped by -1.3% – here is what that looked like (as of 2019-12-24):

Why are these moves happning?? To understand this better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 50.344, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.013, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.834, an Accumulation/Distribution Index (ADI) of 0.834, an On-Balance Volume (OBV) of 292.016, and a Chaiikin Money Flow (CMF) of 90.19. 0.67

Now let’s take all these indicators into account. According to Trading View, this is what it all means:

So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.