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Uptrend SupportArchive
- 1/3/2025 -
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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 positive week after 3 consecutive negative weeks for the PNC Bank Corp. (PNC). During the week, the PNC gained 2.30 points, or 1.19%, and closed at 195.60 on Friday, January 3, 2025. It was the best weekly gain since November 29, 2024. Weekly volume was -28% below 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 216.30 on November 29, 2024. PNC gained -106.90 points, or -97.71%, in 57 weeks. The price is now at the 19.36% retracement level.
 Medium-term trend: [See PNC medium-term trend chart]
A medium-term downtrend had started on November 29, 2024 at 216.30 and reached 189.00 on December 20, 2024. PNC lost 27.30 points, or 12.62%, in 3 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (189.69) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See PNC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend 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 December 20, 2024 at 189.00 and reached 195.70 on January 3, 2025. PNC gained -6.70 points, or -3.54%, in 14 days. Price is near the trend high.
 Daily Technical Indicators: [See PNC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 daily MACD line is below its signal line since December 2, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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