Trading (PNC) With Integrated Risk Controls
February 27, 2024, 16:48 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PNC
- Buy PNC slightly over 142.3 target 155.08 stop loss @ 141.89 Details
The technical summary data tells us to buy PNC near 142.3 with an upside target of 155.08. This data also tells us to set a stop loss @ 141.89 to protect against excessive loss in case the stock begins to move against the trade. 142.3 is the first level of support below 145.95 , and by rule, any test of support is a buy signal. In this case, support 142.3 is being tested, a buy signal would exist.
- Short PNC slightly under 155.08, target 142.3, stop loss @ 155.53 Details
The technical summary data is suggesting a short of PNC as it gets near 155.08 with a downside target of 142.3. We should have a stop loss in place at 155.53though. 155.08 is the first level of resistance above 145.95, and by rule, any test of resistance is a short signal. In this case, if resistance 155.08 is being tested, a short signal would exist.
Swing Trading Plans for PNC
- Buy PNC slightly over 147.96, target 155.08, Stop Loss @ 147.53 Details
If 147.96 begins to break higher, the technical summary data tells us to buy PNC just slightly over 147.96, with an upside target of 155.08. The data also tells us to set a stop loss @ 147.53 in case the stock turns against the trade. 147.96 is the first level of resistance above 145.95, and by rule, any break above resistance is a buy signal. In this case, 147.96, 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 147.96, target 144.07, Stop Loss @ 148.39. Details
The technical summary data is suggesting a short of PNC if it tests 147.96 with a downside target of 144.07. We should have a stop loss in place at 148.39 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, 147.96, 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 147.1, target 147.96, Stop Loss @ 146.76 Details
If 147.1 begins to break higher, the technical summary data tells us to buy PNC just slightly over 147.1, with an upside target of 147.96. The data also tells us to set a stop loss @ 146.76 in case the stock turns against the trade. 147.1 is the first level of resistance above 145.95, and by rule, any break above resistance is a buy signal. In this case, 147.1, 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 147.1, target 144.5, Stop Loss @ 147.44. Details
The technical summary data is suggesting a short of PNC if it tests 147.1 with a downside target of 144.5. We should have a stop loss in place at 147.44 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, 147.1, 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 February 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
130.31 |
| P2 |
144.5 |
144.07 |
142.3 |
| P3 |
147.1 |
147.96 |
155.08 |
AI Generated Signals for PNC
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for PNC:
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