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PNC Bank Corp. (PNC) |
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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 climbed 0.30 points, or 0.25%, and closed at 118.78 on Friday, May 26, 2023. Weekly volume was -13% below average.
 Long-term trend: [See PNC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 16.20 and reached 228.14 on January 13, 2022. PNC gained -211.94 points, or -1308.27%, in 670 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (135.43) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See PNC medium-term trend chart]
A medium-term downtrend had started on January 13, 2022 at 228.14 and reached 110.31 on May 12, 2023. PNC lost 117.83 points, or 51.65%, in 69 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (146.08) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 3, 2023. This is an indication that the medium-term trend is down. 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 May 12, 2023 at 110.31 and reached 124.60 on May 23, 2023. PNC gained -14.29 points, or -12.95%, in 11 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See PNC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 16, 2023. This is an indication that the short-term trend is up.
The price is close to the moving average in the center of the Bollinger Bands. 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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