PNW Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Positive regulatory developments and strong fundamentals could drive PNW above $90, supported by increasing institutional interest and ongoing investments in clean energy.




Bearish Case: Regulatory hurdles and high debt levels may exert pressure, pushing PNW below $80, exacerbated by potential underperformance against analyst expectations.




Potential Outcomes:

1. Market conditions improve, causing a rise to $90 (50% probability).

2. Price stabilizes between $85-$87 (30% probability).

3. Adverse regulatory changes lead to a drop below $80 (20% probability).




Trading Oracle: Consider a bullish long call spread, buying $85 calls and selling $90 calls expiring in 14 days. With market volatility favoring upward moves, this provides excellent risk/reward. Prepare for potential dips and adjust positions according to regulatory updates.



November 03, 2024


Pinnacle West Forecast

PNW        Pinnacle West











Correlated Assets

Assets that tend to move strongly with PNW



SO Forecast + Options Trading Strategies   SO  Southern (0.97)


AGI Forecast + Options Trading Strategies   AGI  Alamos Gold (0.95)


EVRG Forecast + Options Trading Strategies   EVRG  Evergy (0.95)


PEG Forecast + Options Trading Strategies   PEG  Public Service Enterprise (0.94)


D Forecast + Options Trading Strategies   D  Dominion Energy (0.94)



Uncorrelated Assets

Assets with little price relationship to PNW



OLPX Forecast + Options Trading Strategies   OLPX  Olaplex (0.0)


HRL Forecast + Options Trading Strategies   HRL  Hormel Foods (0.0)


HZO Forecast + Options Trading Strategies   HZO  Marinemax (-0.0)


FXY Forecast + Options Trading Strategies   FXY  Invesco CurrencyShares Japanese Yen (-0.01)


SOFI Forecast + Options Trading Strategies   SOFI  SoFi (0.01)



Anticorrelated Assets

Assets that tend to move strongly against PNW



METC Forecast + Options Trading Strategies   METC  Ramaco Resources (-0.89)


NRDY Forecast + Options Trading Strategies   NRDY  Nerdy (-0.9)


PGNY Forecast + Options Trading Strategies   PGNY  Progyny (-0.9)


XRX Forecast + Options Trading Strategies   XRX  Xerox (-0.9)


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.92)









Become a more profitable investor with AI optimized trading strategies






×

Chat with PNW


 Ask any question about PNW!