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: Sign Up to access trading oracle trade ideas.



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)


MO Forecast + Options Trading Strategies   MO  Altria (0.94)



Uncorrelated Assets

Assets with little price relationship to PNW



MAC Forecast + Options Trading Strategies   MAC  Macerich (-0.0)


INTU Forecast + Options Trading Strategies   INTU  Intuit (-0.0)


CLSK Forecast + Options Trading Strategies   CLSK  Cleanspark (0.0)


ADM Forecast + Options Trading Strategies   ADM  Archer Daniels Midland (-0.0)


CG Forecast + Options Trading Strategies   CG  Carlyle (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against PNW



ADNT Forecast + Options Trading Strategies   ADNT  Adient (-0.89)


COTY Forecast + Options Trading Strategies   COTY  Coty (-0.89)


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!