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 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PNC is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
PNC is one of the better performing stocks in the Banks industry, it outperforms 72% of 393 stocks in the same industry.
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 2266660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PNC did better than 73% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
PNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PNC is lagging the market.
In the last month PNC has a been trading in a tight range between 191.42 and 200.95.
PNC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
149.58
202.96
5 important support areas can be observed.
- A support zone ranging from 189.93 to 192.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 171.82 to 173.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @160.57 from a trend line in the weekly time frame.
- Support @153.58 from a trend line in the weekly time frame.
- Support @151.09 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 195.36 to 196.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 200.44 to 200.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for PNC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNC is up. |
| ChartMill Relative Strength | 73.09 | POSITIVE | PNC has a high relative strength, it outperformed 73.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PNC is below 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 | POSITIVE | The current price of PNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.26 | NEUTRAL | The RSI value for PNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.14 | NEGATIVE | The MACD value suggests PNC has a negative trend. |
| Stochastics (14,3) | 21.91 | NEUTRAL | The Stochastics value for PNC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for PNC suggests low volalility. |
| Average Directional Index/ADX (14) | 33.04 | POSITIVE | The high ADX value value for PNC suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 196.18 | 191.41 | 4.77 (2.43%) | 25.00% |
| An entry @196.18. This is a Buy Stop order right above the resistance zone. | An exit @191.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.77 points, which is 2.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- The distance between exit and entry is rather small compared to the average daily movement of PNC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
192.55
-0.82 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.42%
1 Week-2.63%
2 Weeks-0.71%
1 Month0.02%
3 Month16.32%
6 Month-4.18%
12 Month13.26%
2 Year40.66%
3 Year16.04%
5 Year80.51%
10 Year96.12%
15 Year224.21%
Volatility
ATR(14)3.34
ATR(20)%1.7%
ATR Inc-5.88%
Range Today3.84
ADR(20)3.23
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.09
Mansfield-0.42
10 Day High199
10 Day Low191.42
20 Day High200.95
20 Day Low191.42
52 Week High216.26
52 Week Low145.12
CS1 End192.54
CR1 Start195.36
Volume & EV
DER(3)1.02%
DER(5)0.25%
Volume1.55M
Volume Incr-43.27%
Vol(5)1.64M
Vol(50)2.27M