PNC Financial Services Group Inc (The) Stock Forecast
PNC Financial Services Group Inc (The) stock price down 0.264% on Wednesday
(Updated on Jul 03, 2024)
The PNC Financial Services Group Inc (The) stock price fell by -0.264% on the last day (Wednesday, 3rd Jul 2024) from $158.84 to $158.42. During the last trading day the stock fluctuated 0.98% from a day low at $157.57 to a day high of $159.12. The price has risen in 6 of the last 10 days and is up by 2.55% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -19 thousand shares and in total, 851 thousand shares were bought and sold for approximately $134.76 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $160.80 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect PNC Financial Services Group Inc (The) stock with a 90% probability to be traded between $144.76 and $159.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PNC Signals & Forecast
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 $154.93 and $154.92. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 02, 2024, and so far it has fallen -0.264%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for PNC Financial Services Group Inc (The) stock
PNC Financial Services Group Inc (The) finds support from accumulated volume at $157.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.55 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: $152.55 (-3.71%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (PNC) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect PNC Financial Services Group Inc (The) to open at $158.37, and during the day (based on 14 day Average True Range), to move between $155.58 and $161.26, which gives a possible trading interval of +/-$2.84 (+/-1.79%) 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 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $157.61 (0.51%) than the resistance at $160.89 (1.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PNC Financial Services Group Inc (The) stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PNC Financial Services Group Inc (The) stock to perform well in the short-term period.
Current score: 1.799 Buy Candidate Unchanged
Predicted Opening Price for PNC Financial Services Group Inc (The) of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $158.37 ( 0.0316%) | $158.42 |
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 | |
|---|---|---|
| R3 | 159.92 | 0.95% |
| R2 | 159.33 | 0.573% |
| R1 | 158.96 | 0.342% |
| Price | 158.42 | |
| S1 | 157.78 | -0.405% |
| S2 | 157.41 | -0.636% |
| S3 | 156.82 | -1.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 161.34 | 1.84% |
| R2 | 160.96 | 1.60% |
| R1 | 160.89 | 1.56% |
| Price | 158.42 | |
| S1 | 157.61 | -0.511% |
| S2 | 157.46 | -0.606% |
| S3 | 146.54 | -7.50% |
PNC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Aug 05, 2024 | $1.60 | 1.01% |
| 2 | Apr 03, 2024 | Apr 12, 2024 | May 05, 2024 | $1.55 | 0.99% |
| 3 | Jan 12, 2024 | Jan 12, 2024 | Feb 05, 2024 | $1.55 | 1.06% |
| 4 | Oct 02, 2023 | Oct 16, 2023 | Nov 05, 2023 | $1.55 | 1.26% |
| 5 | Jul 03, 2023 | Jul 17, 2023 | Aug 05, 2023 | $1.55 | 1.18% |
FAQ
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