How the (PNC) price action is used to our Advantage
March 19, 2024, 09:22 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PNC
- Buy PNC slightly over 147.15 target 158.99 stop loss @ 146.73 Details
The technical summary data tells us to buy PNC near 147.15 with an upside target of 158.99. This data also tells us to set a stop loss @ 146.73 to protect against excessive loss in case the stock begins to move against the trade. 147.15 is the first level of support below 148.97 , and by rule, any test of support is a buy signal. In this case, support 147.15 is being tested, a buy signal would exist.
- Short PNC slightly under 158.99, target 147.15, stop loss @ 159.45 Details
The technical summary data is suggesting a short of PNC as it gets near 158.99 with a downside target of 147.15. We should have a stop loss in place at 159.45though. 158.99 is the first level of resistance above 148.97, and by rule, any test of resistance is a short signal. In this case, if resistance 158.99 is being tested, a short signal would exist.
Swing Trading Plans for PNC
- Buy PNC slightly over 152.29, target 158.99, Stop Loss @ 151.85 Details
If 152.29 begins to break higher, the technical summary data tells us to buy PNC just slightly over 152.29, with an upside target of 158.99. The data also tells us to set a stop loss @ 151.85 in case the stock turns against the trade. 152.29 is the first level of resistance above 148.97, and by rule, any break above resistance is a buy signal. In this case, 152.29, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PNC slightly near 152.29, target 147.2, Stop Loss @ 152.73. Details
The technical summary data is suggesting a short of PNC if it tests 152.29 with a downside target of 147.2. We should have a stop loss in place at 152.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 152.29, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PNC
- Buy PNC slightly over 149.62, target 152.29, Stop Loss @ 149.27 Details
If 149.62 begins to break higher, the technical summary data tells us to buy PNC just slightly over 149.62, with an upside target of 152.29. The data also tells us to set a stop loss @ 149.27 in case the stock turns against the trade. 149.62 is the first level of resistance above 148.97, and by rule, any break above resistance is a buy signal. In this case, 149.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PNC slightly near 149.62, target 147.37, Stop Loss @ 149.97. Details
The technical summary data is suggesting a short of PNC if it tests 149.62 with a downside target of 147.37. We should have a stop loss in place at 149.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 149.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Pnc Financial Services Group Inc. (the) (PNC) available here: PNC.
PNC Ratings for March 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
135.22 |
| P2 |
147.37 |
147.2 |
147.15 |
| P3 |
149.62 |
152.29 |
158.99 |
AI Generated Signals for PNC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Pnc Financial Services Group Inc. (the) (NYSE: PNC) data table below can help you with price action, and we have more details too. Trading plans for PNC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PNC:
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