| Pinnacle West Capital is a holding company. Through its subsidiary, Arizona Public Service Company (APS, Co. provides either retail or wholesale electric service to several of the state of Arizona, with the exceptions of about one-half of the Phoenix metropolitan area, the Tucson metropolitan area and Mohave County in northwestern Arizona. Co.'s business segment is its regulated electricity segment, which consists of regulated retail and wholesale electricity businesses (primarily electric service to Native Load customers) and related activities, and includes electricity generation, transmission and distribution. |
When researching a stock like Pinnacle West Capital, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from PNW Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for PNW stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the PNW 200 day moving average ("PNW 200 DMA"), while one of the most popular "shorter look-backs" is the PNW 50 day moving average ("PNW 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Pinnacle West Capital. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the PNW 200 DMA and the PNW 50 DMA, we get a moving average convergence divergence indicator ("PNW MACD"). The PNW MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart).