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Downtrend ResistanceArchive
- 4/25/2025 -
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PNC Bank Corp. (PNC) Technical Analysis
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| Summary:
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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 6.17 points, or 4.05%, and closed at 158.50 on Friday, April 25, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was 11% above 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 trend support level is at 114.91 and resistance is at 294.78. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See PNC medium-term trend chart]
A medium-term downtrend had started on November 29, 2024 at 216.30 and reached 145.10 on April 9, 2025. PNC lost 71.20 points, or 32.92%, in 18 weeks. The price is now at the 18.82% retracement level.
 Weekly Technical Indicators: [See PNC weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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, Relative Strength Index and Williams' Percentage Range help.
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 near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 January 29, 2025 at 205.50 and reached 145.10 on April 9, 2025. PNC lost 60.40 points, or 29.39%, in 70 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 131.61 and resistance is at 165.81. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See PNC daily technical indicators chart]
Daily technical indicators are neutral.
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.
 Candlestick pattern: [See PNC candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Cross Candlestick pattern. A Bearish Harami Cross pattern occurs in an uptrend. It is a sign of disparity about the market’s health, it warns that the market may not continue in uptrend. The reliability of the Bearish Harami Cross pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Cross Candlestick pattern during the last week.
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