PNC Financial Services Group Inc (The) Stock Forecast
PNC Financial Services Group Inc (The) stock price ended at $161.34 on Wednesday, after gaining 1.22%.
(Updated on May 15, 2024)
The PNC Financial Services Group Inc (The) stock price gained 1.22% on the last trading day (Wednesday, 15th May 2024), rising from $159.40 to $161.34. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.04% from a day low at $160.22 to a day high of $161.88. The price has risen in 8 of the last 10 days and is up by 4.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 333 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $203.79 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.43% during the next 3 months and, with a 90% probability hold a price between $159.65 and $177.79 at the end of this 3-month period.
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PNC Signals & Forecast
Mostly positive signals in the chart today. The PNC Financial Services Group Inc (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $158.12 and $155.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.10%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for PNC Financial Services Group Inc (The) stock
PNC Financial Services Group Inc (The) finds support from accumulated volume at $153.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.66 (1.04%) between high and low. For the last week, the stock has had daily average volatility of 1.01%.
Our recommended stop-loss: $152.66 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (PNC) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect PNC Financial Services Group Inc (The) to open at $161.15, and during the day (based on 14 day Average True Range), to move between $158.65 and $164.03, which gives a possible trading interval of +/-$2.69 (+/-1.67%) up or down from last closing price. If PNC Financial Services Group Inc (The) takes out the full calculated possible swing range there will be an estimated 3.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $161.40 (0.04%) than the support at $153.74 (4.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is PNC Financial Services Group Inc (The) stock A Buy?
PNC Financial Services Group Inc (The) holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.051 Strong Buy Candidate Unchanged
Predicted Opening Price for PNC Financial Services Group Inc (The) of Thursday, May 16, 2024
Fair opening price May 16, 2024 | Current price |
---|---|
$161.15 ( 0.120%) | $161.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PNC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 162.81 | 0.91 % | |
R2 | 162.17 | 0.516 % | ||
R1 | 161.78 | 0.273 % | ||
Current price: | 161.34 | |||
Support | S1 | 160.51 | -0.513 % | |
S2 | 160.12 | -0.756 % | ||
S3 | 159.49 | -1.15 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 161.60 | 0.161 % | ||
R1 | 161.40 | 0.0372 % | ||
Current price | 161.34 | |||
Support | S1 | 153.74 | -4.71% | |
S2 | 150.38 | -6.79% | ||
S3 | 146.54 | -9.17% |
PNC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 03, 2024 | Apr 12, 2024 | May 05, 2024 | $1.55 | 0.99% |
2 | Jan 12, 2024 | Jan 12, 2024 | Feb 05, 2024 | $1.55 | 1.06% |
3 | Oct 02, 2023 | Oct 16, 2023 | Nov 05, 2023 | $1.55 | 1.26% |
4 | Jul 03, 2023 | Jul 17, 2023 | Aug 05, 2023 | $1.55 | 1.18% |
5 | Jul 03, 2023 | Jul 14, 2023 | Aug 05, 2023 | $1.55 | 1.18% |
FAQ
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