PNC Financial Services Group Inc (The) Stock Forecast
Green day on Tuesday for PNC Financial Services Group Inc (The) stock after gaining 1.08%
(Updated on Apr 23, 2024)
The PNC Financial Services Group Inc (The) stock price gained 1.08% on the last trading day (Tuesday, 23rd Apr 2024), rising from $155.93 to $157.61. It has now gained 5 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 1.58% from a day low at $155.90 to a day high of $158.36. The price has been going up and down for this period, and there has been a -2.35% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 169 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $326.88 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 5.03% during the next 3 months and, with a 90% probability hold a price between $154.57 and $171.98 at the end of this 3-month period.
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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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $151.03 and $153.91. 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 7.55%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.46 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: $151.34 (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (PNC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect PNC Financial Services Group Inc (The) to open at $157.29, and during the day (based on 14 day Average True Range), to move between $153.88 and $161.34, which gives a possible trading interval of +/-$3.73 (+/-2.37%) 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 4.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $157.81 (0.13%) than the support at $153.74 (2.46%), 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?
Several short-term signals, along with a general good trend, 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.
Current score: 1.662 Buy Candidate Unchanged
Predicted Opening Price for PNC Financial Services Group Inc (The) of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $157.29 ( 0.203%) | $157.61 |
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 | 159.75 | 1.36 % | |
| R2 | 158.81 | 0.761 % | ||
| R1 | 158.23 | 0.393 % | ||
| Current price: | 157.61 | |||
| Support | S1 | 156.35 | -0.799 % | |
| S2 | 155.77 | -1.17 % | ||
| S3 | 154.83 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 161.60 | 2.53 % | |
| R2 | 159.97 | 1.50 % | ||
| R1 | 157.81 | 0.127 % | ||
| Current price | 157.61 | |||
| Support | S1 | 153.74 | -2.46% | |
| S2 | 150.38 | -4.59% | ||
| S3 | 145.44 | -7.72% |
PNC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 12, 2024 | May 05, 2024 | $1.55 | 0.98% |
| 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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