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Archive
- 4/26/2024 -
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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 3.81 points, or 2.50%, and closed at 156.11 on Friday, April 26, 2024. Weekly volume was -32% 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 (157.11) 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 March 28, 2024 at 162.24 and reached 143.52 on April 16, 2024. PNC lost 18.72 points, or 11.54%, in 2 weeks. The price is now at the 67.25% retracement level.
 Weekly Technical Indicators: [See PNC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 April 16, 2024 at 143.52 and reached 158.36 on April 23, 2024. PNC gained -14.84 points, or -10.34%, in 7 days. The price is now at the 15.16% retracement level.
 Daily Technical Indicators: [See PNC daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 Lane's Stochastic help.
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.
During the last week, the price has moved above 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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