Use advanced tools to confirm the Rectangle on PNW before you trade.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
Technical analysis of Pinnacle West Capital (PNW) reveals a significant setup. With a last close of $102.32, volatility remains active (-0.06%). The primary technical feature is a Ascending Triangle formation. This setup is supported by strong volume turnover. A potential breakout level is identified at $105.08, targeting $112.81 with support near $100.64 (R:R 1.74).
What is your outlook on PNW?