How the (PNC) price action is used to our Advantage
April 18, 2024, 08:02 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PNC
- Buy PNC slightly over 139.29 target 151.57 stop loss @ 138.89 Details
The technical summary data tells us to buy PNC near 139.29 with an upside target of 151.57. This data also tells us to set a stop loss @ 138.89 to protect against excessive loss in case the stock begins to move against the trade. 139.29 is the first level of support below 145.44 , and by rule, any test of support is a buy signal. In this case, support 139.29 would be being tested, so a buy signal would exist.
- Short PNC slightly under 151.57, target 139.29, stop loss @ 152.01 Details
The technical summary data is suggesting a short of PNC as it gets near 151.57 with a downside target of 139.29. We should have a stop loss in place at 152.01though. 151.57 is the first level of resistance above 145.44, and by rule, any test of resistance is a short signal. In this case, if resistance 151.57 is being tested, so a short signal would exist.
Swing Trading Plans for PNC
- Buy PNC slightly over 150.83, target 151.57, Stop Loss @ 150.39 Details
If 150.83 begins to break higher, the technical summary data tells us to buy PNC just slightly over 150.83, with an upside target of 151.57. The data also tells us to set a stop loss @ 150.39 in case the stock turns against the trade. 150.83 is the first level of resistance above 145.44, and by rule, any break above resistance is a buy signal. In this case, 150.83, 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 150.83, target 144.96, Stop Loss @ 151.27. Details
The technical summary data is suggesting a short of PNC if it tests 150.83 with a downside target of 144.96. We should have a stop loss in place at 151.27 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, 150.83, 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 147.43, target 150.83, Stop Loss @ 147.09 Details
If 147.43 begins to break higher, the technical summary data tells us to buy PNC just slightly over 147.43, with an upside target of 150.83. The data also tells us to set a stop loss @ 147.09 in case the stock turns against the trade. 147.43 is the first level of resistance above 145.44, and by rule, any break above resistance is a buy signal. In this case, 147.43, 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 147.43, target 144.96, Stop Loss @ 147.77. Details
The technical summary data is suggesting a short of PNC if it tests 147.43 with a downside target of 144.96. We should have a stop loss in place at 147.77 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, 147.43, 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 April 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
139.29 |
| P2 |
144.54 |
144.96 |
151.57 |
| P3 |
147.43 |
150.83 |
163.79 |
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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