|
|
Downtrend ResistanceArchive
- 4/19/2024 -
Sign In to see current Signals. |
PNC Bank Corp. (PNC) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the PNC Bank Corp. (PNC). During the week, the PNC gained 1.67 points, or 1.11%, and closed at 152.30 on Friday, April 19, 2024. Weekly volume was -6% 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 162.24 on March 28, 2024. PNC gained -52.84 points, or -48.30%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (155.21) 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 uptrend had started on February 21, 2024 at 139.69 and reached 162.24 on March 28, 2024. PNC gained -22.55 points, or -16.14%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (156.29) 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 medium-term trend.
 Weekly Technical Indicators: [See PNC weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 28, 2024 at 162.24 and reached 143.52 on April 16, 2024. PNC lost 18.72 points, or 11.54%, in 19 days. The price is now at the 46.90% retracement level.
Daily Technical Indicators: [See PNC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (153.38) comes close to the price (152.30). It indicates that the trend is getting weaker. 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.
| |
|
|