PNC Financial Services Group Inc (The) Stock Forecast
PNC Financial Services Group Inc (The) stock price up 2.90% on Friday
(Updated on Apr 19, 2024)
The PNC Financial Services Group Inc (The) stock price gained 2.90% on the last trading day (Friday, 19th Apr 2024), rising from $148.01 to $152.30. It has now gained 3 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 2.72% from a day low at $148.66 to a day high of $152.70. The price has been going up and down for this period, and there has been a -3.22% 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, 687 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $304.84 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 4.57% during the next 3 months and, with a 90% probability hold a price between $153.60 and $170.79 at the end of this 3-month period.
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PNC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.93%. 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. The PNC Financial Services Group Inc (The) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $153.56. On a fall, the stock will find some support from the short-term average at $149.77. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 $150.38 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 $4.04 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: $144.77 (-4.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (PNC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect PNC Financial Services Group Inc (The) to open at $151.22, and during the day (based on 14 day Average True Range), to move between $148.47 and $156.13, which gives a possible trading interval of +/-$3.83 (+/-2.51%) 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 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $153.74 (0.95%) than the support at $150.38 (1.26%), 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, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.866 Hold/Accumulate Unchanged
Predicted Opening Price for PNC Financial Services Group Inc (The) of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $151.22 ( 0.709%) | $152.30 |
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 | 155.26 | 1.94 % | |
| R2 | 153.72 | 0.93 % | ||
| R1 | 152.76 | 0.304 % | ||
| Current price: | 152.30 | |||
| Support | S1 | 149.68 | -1.72 % | |
| S2 | 148.72 | -2.35 % | ||
| S3 | 147.18 | -3.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 155.12 | 1.85 % | |
| R2 | 155.03 | 1.79 % | ||
| R1 | 153.74 | 0.95 % | ||
| Current price | 152.30 | |||
| Support | S1 | 150.38 | -1.26% | |
| S2 | 149.29 | -1.98% | ||
| S3 | 145.44 | -4.50% |
PNC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 12, 2024 | May 05, 2024 | $1.55 | 1.02% |
| 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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