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Uptrend SupportArchive
- 8/30/2024 -
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PNC Bank Corp. (PNC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the PNC Bank Corp. (PNC). During the week, the PNC gained 6.99 points, or 3.92%, and closed at 185.09 on Friday, August 30, 2024. Weekly volume was -37% 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 185.57 on August 30, 2024. PNC gained -76.17 points, or -69.63%, in 44 weeks. Price is near the trend high.
Medium-term trend: [See PNC medium-term trend chart]
A medium-term uptrend had started on April 16, 2024 at 143.52 and reached 185.57 on August 30, 2024. PNC gained -42.05 points, or -29.30%, in 19 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 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 August 5, 2024 at 162.15 and reached 185.57 on August 30, 2024. PNC gained -23.42 points, or -14.44%, in 25 days. Price is near the trend high.
 Daily Technical Indicators: [See PNC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic or strongly overbought daily Relative Strength Index. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since August 22, 2024. This is an indication that the short-term trend is up.
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