The Greedy Trader Weekly Analysis
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Archive
- 8/9/2019 -
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PNC Bank Corp. (PNC)

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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the PNC Bank Corp. (PNC). During the week, the PNC dropped -5.62 points, or -4.07%, and closed at 132.34 on Friday, August 9, 2019. It was the worst weekly loss since March 22, 2019. Weekly volume was 10% above average.

Long-term trend: [See PNC long-term trend chart]
A long-term downtrend had started on February 27, 2018 at 163.59 and reached 108.45 on December 26, 2018. PNC lost 55.14 points, or 33.71%, in 43 weeks. The price is now at the 43.33% retracement level.

Medium-term trend: [See PNC medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 108.45 and reached 144.32 on July 29, 2019. PNC gained -35.87 points, or -33.08%, in 30 weeks. The price is now at the 33.40% retracement level.

Weekly Technical Indicators: [See PNC weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since February 1, 2019. 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 July 29, 2019 at 144.32 and reached 128.12 on August 7, 2019. PNC lost 16.20 points, or 11.23%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since July 31, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

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) 35.37
Williams' Percentage Range (W%R) 80.90
Oversold
Lane's Stochastic (%D-Slow) 17.48
Oversold
Greed/Fear Indicator (GFI) 23.97
Moving Average Converg./Diverg. (MACD) -0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.25
Williams' Percentage Range (W%R) 51.20
Lane's Stochastic (%D-Slow) 71.35
Greed/Fear Indicator (GFI) 57.50
Moving Average Converg./Diverg. (MACD) 1.86
Trading Signals
Description Value Chart
Upper Bollinger Band 144.56
Weekly Stochastic Crossing 139.01
Parabolic System 138.40
20 Day Moving Average 138.28
50 Day Moving Average 136.69
Price 132.34
Daily Stochastic Crossing 131.21
Lower Bollinger Band 129.19
Sector and Industry
Description Name Rank
Sector Financial 4
Industry Money Center Banks 76
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 144.32
High Date 07/29/2019
Low 128.12
Low Date 08/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 126.34
Low Date 05/31/2019
High 144.32
High Date 07/29/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.45
Low Date 12/26/2018
High 144.32
High Date 07/29/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 163.59
High Date 02/27/2018
Low 108.45
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.20
Low Date 03/06/2009
High 163.59
High Date 02/27/2018
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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