How the price action of Pnc Financial Services (PNC) is used to our Advantage

Longer Term Trading Plans for PNC
  • Buy PNC slightly over 149.51 target 164.46 stop loss @ 149.08 Details
  • The technical summary data tells us to buy PNC near 149.51 with an upside target of 164.46. This data also tells us to set a stop loss @ 149.08 to protect against excessive loss in case the stock begins to move against the trade. 149.51 is the first level of support below 157.275 , and by rule, any test of support is a buy signal. In this case, support 149.51 is being tested, a buy signal would exist.

  • Short PNC slightly under 164.46, target 149.51, stop loss @ 164.93 Details
  • The technical summary data is suggesting a short of PNC as it gets near 164.46 with a downside target of 149.51. We should have a stop loss in place at 164.93though. 164.46 is the first level of resistance above 157.275, and by rule, any test of resistance is a short signal. In this case, if resistance 164.46 is being tested, a short signal would exist.

Swing Trading Plans for PNC
  • Buy PNC slightly over 159.71, target 164.46, Stop Loss @ 159.25 Details
  • If 159.71 begins to break higher, the technical summary data tells us to buy PNC just slightly over 159.71, with an upside target of 164.46. The data also tells us to set a stop loss @ 159.25 in case the stock turns against the trade. 159.71 is the first level of resistance above 157.275, and by rule, any break above resistance is a buy signal. In this case, 159.71, 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 159.71, target 149.51, Stop Loss @ 160.17. Details
  • The technical summary data is suggesting a short of PNC if it tests 159.71 with a downside target of 149.51. We should have a stop loss in place at 160.17 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, 159.71, 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 158.51, target 159.71, Stop Loss @ 158.14 Details
  • If 158.51 begins to break higher, the technical summary data tells us to buy PNC just slightly over 158.51, with an upside target of 159.71. The data also tells us to set a stop loss @ 158.14 in case the stock turns against the trade. 158.51 is the first level of resistance above 157.275, and by rule, any break above resistance is a buy signal. In this case, 158.51, 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 158.51, target 149.51, Stop Loss @ 158.88. Details
  • The technical summary data is suggesting a short of PNC if it tests 158.51 with a downside target of 149.51. We should have a stop loss in place at 158.88 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, 158.51, 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.

PNC Ratings for January 25:

Term →Near Mid Long
Rating Weak Neutral Weak
P1 0 0 135.00
P2 148.28 148.86 149.51
P3 158.51 159.71 164.46
Triggers may have already come
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  • Price matters most to making good timing decisions, and the MACRO picture defines how restrictive you need to be with entry levels. Together, these are powerful.

  • Review our Global Liquidity Report from December 2021 to see how our Macro work can foretell future market conditions. Look for the word “Volatility.”

Our Market Crash Leading Indicator is Evitar Corte.
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  • It identified the Credit Crisis before it happened.

  • It also offered a warning prior to that period of time in 2019 when overnight lending spiked to 8.5%, but that amounted to nothing, and the conditions to become exposed resurfaced in Oct-Nov 2019.

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Chart of PNC with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support


PNC Long Term Analysis for January 25 2023

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 (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.

Graph of Evitar Corte vs S&P 500

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