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Archive
- 11/8/2024 -
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PNC Bank Corp. (PNC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the PNC Bank Corp. (PNC). During the week, the PNC gained 16.80 points, or 8.97%, and closed at 204.00 on Friday, November 8, 2024. Weekly volume was 36% above average.
PNC is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See PNC long-term trend chart]
A long-term uptrend had started on October 25, 2023 at 109.40 and reached 205.20 on November 8, 2024. PNC gained -95.80 points, or -87.57%, in 54 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (190.25) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a long-term trend.
 Medium-term trend: [See PNC medium-term trend chart]
A medium-term uptrend had started on April 16, 2024 at 143.52 and reached 205.20 on November 8, 2024. PNC gained -61.68 points, or -42.98%, in 29 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See PNC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 12, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See PNC short-term trend chart]
A short-term uptrend had started on October 22, 2024 at 183.86 and reached 205.20 on November 8, 2024. PNC gained -21.34 points, or -11.61%, in 17 days. The price is now at the 5.62% retracement level.
Daily Technical Indicators: [See PNC daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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