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- 6/26/2020 -
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PNC Bank Corp. (PNC)

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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement levelBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the PNC Bank Corp. (PNC). During the week, the PNC dropped -7.30 points, or -6.74%, and closed at 100.93 on Friday, June 26, 2020. PNC was trading at average weekly trading volume.

Long-term trend: [See PNC long-term trend chart]
A long-term downtrend had started on February 27, 2018 at 163.59 and reached 79.41 on March 23, 2020. PNC lost 84.18 points, or 51.46%, in 107 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See PNC medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 79.41 and reached 132.58 on June 5, 2020. PNC gained -53.17 points, or -66.96%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (104.51) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PNC may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See PNC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See PNC short-term trend chart]
A short-term downtrend had started on June 5, 2020 at 132.58 and reached 100.11 on June 26, 2020. PNC lost 32.47 points, or 24.49%, in 21 days. Price is near the trend low.

Daily Technical Indicators: [See PNC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since June 10, 2020. This is an indication that the short-term trend is down.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.88
Williams' Percentage Range (W%R) 87.60
Oversold
Lane's Stochastic (%D-Slow) 13.48
Oversold
Greed/Fear Indicator (GFI) 15.60
Oversold
Moving Average Converg./Diverg. (MACD) 0.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.75
Williams' Percentage Range (W%R) 68.10
Lane's Stochastic (%D-Slow) 66.40
Greed/Fear Indicator (GFI) 50.57
Moving Average Converg./Diverg. (MACD) -9.00
Trading Signals
Description Value Chart
Upper Bollinger Band 125.98
Weekly Stochastic Crossing 117.19
Parabolic System 115.07
20 Day Moving Average 114.01
50 Day Moving Average 107.76
Monthly Trendline Support 104.51
Daily Stochastic Crossing 102.18
Price 100.93
Lower Bollinger Band 93.90
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Regional Banks 37
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 117.71
High Date 06/16/2020
Low 100.11
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 132.58
High Date 06/05/2020
Low 100.11
Low Date 06/26/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 143.93
Support 104.51
Low 79.41
Low Date 03/23/2020
High 132.58
High Date 06/05/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 161.79
High Date 12/30/2019
Low 79.41
Low Date 03/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 163.59
High Date 02/27/2018
Low 79.41
Low Date 03/23/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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