PNC FINANCIAL SERVICES GROUP (PNC) Stock Technical Analysis
NYSE:PNC - New York Stock Exchange, Inc. - US6934751057 - Common Stock - Currency: USD
Overall PNC gets a technical rating of 4 out of 10. In the past year, PNC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
PNC is one of the lesser performing stocks in the Banks industry. 65% of 396 stocks in the same industry do better.
PNC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
PNC has an average volume of 2629610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, PNC outperforms 61% of them, which is more or less in line with the market.
PNC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PNC is lagging the market slightly.
Although the technical rating is only medium, PNC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 179.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 173.41, a Stop Loss order could be placed below this zone.
More info and screens
148.25
189.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 171.94 to 173.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @156.28 from a trend line in the weekly time frame.
- A support zone ranging from 149.75 to 151.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 179.43 to 180.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @187.20 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PNC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PNC is neutral. |
| ChartMill Relative Strength | 61.84 | NEUTRAL | PNC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PNC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.28 | NEUTRAL | The RSI value for PNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests PNC has a negative trend. |
| Stochastics (14,3) | 48.69 | NEUTRAL | The Stochastics value for PNC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for PNC suggests low volalility. |
| Average Directional Index/ADX (14) | 24.52 | NEUTRAL | The ADX value for PNC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
173.94
+0.13 (+0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.07%
1 Week1.23%
2 Weeks-3.05%
1 Month5.07%
3 Month-3.24%
6 Month-16.63%
12 Month11.59%
2 Year38.1%
3 Year10.25%
5 Year65.33%
10 Year81.85%
15 Year207.86%
Volatility
ATR(14)2.96
ATR(20)%1.89%
ATR Inc-8.92%
Range Today3.74
ADR(20)2.78
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.84
Mansfield-0.71
10 Day High179.71
10 Day Low169.32
20 Day High180.34
20 Day Low163.31
52 Week High216.26
52 Week Low145.12
CS1 End173.41
CR1 Start179.43
Volume & EV
DER(3)1.2%
DER(5)1.36%
Volume2.23M
Volume Incr11.96%
Vol(5)2.24M
Vol(50)2.63M