Bullish Case: PNW's consistent dividend growth, utility market grip, and recent price uptrend provide a stable positive outlook.


Bearish Case: High debt levels, regulatory constraints, and a possible unsustainable dividend payout ratio signal potential downside risks.


Potential Outcomes: Range-bound trading with a slight upward bias due to stable dividends and conservative growth; 60% probability. Downward pressure if debt or regulatory issues intensify; 40% chance.


Trading Oracle: Sign Up to access trading oracle trade ideas.


March 23, 2024


Pinnacle West Forecast

PNW        Pinnacle West
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with PNW



MPW Forecast + Options Trading Strategies   [MPW]  Medical Properties (0.91)


WEC Forecast + Options Trading Strategies   [WEC]  WEC Energy (0.91)


MESO Forecast + Options Trading Strategies   [MESO]  Mesoblast (0.9)


LIT Forecast + Options Trading Strategies   [LIT]  Global X Lithium & Battery Tech (0.9)


LAC Forecast + Options Trading Strategies   [LAC]  Lithium Americas (0.86)



Uncorrelated Stock Forecasts

Assets with little price relationship to PNW



NE Forecast + Options Trading Strategies   [NE]  Noble (0.0)


CTRA Forecast + Options Trading Strategies   [CTRA]  Coterra Energy (0.0)


VCLT Forecast + Options Trading Strategies   [VCLT]  Vanguard Long-Term Corporate Bond (0.01)


LNN Forecast + Options Trading Strategies   [LNN]  Lindsay (0.01)


ORCL Forecast + Options Trading Strategies   [ORCL]  Oracle (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PNW



ANF Forecast + Options Trading Strategies   [ANF]  Abercrombie & Fitch (-0.84)


NTNX Forecast + Options Trading Strategies   [NTNX]  Nutanix (-0.84)


CBOE Forecast + Options Trading Strategies   [CBOE]  Cboe Global Markets (-0.87)


GWRE Forecast + Options Trading Strategies   [GWRE]  Guidewire Software (-0.87)


BRBR Forecast + Options Trading Strategies   [BRBR]  Bellring Brands (-0.87)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!