(PNC) Trading Signals

October 29, 2024, 14:40 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PNC

• Buy PNC near 182.76 target 193.94 stop loss @ 182.23 Details

The technical summary data tells us to buy PNC near 182.76 with an upside target of 193.94. This data also tells us to set a stop loss @ 182.23 to protect against excessive loss in case the stock begins to move against the trade. 182.76 is the first level of support below 187.66 , and by rule, any test of support is a buy signal. In this case, support 182.76 is being tested, a buy signal would exist.

• Short PNC slightly under 193.94, target 182.76, stop loss @ 194.5 Details

The technical summary data is suggesting a short of PNC as it gets near 193.94 with a downside target of 182.76. We should have a stop loss in place at 194.5though. 193.94 is the first level of resistance above 187.66, and by rule, any test of resistance is a short signal. In this case, if resistance 193.94 is being tested, a short signal would exist.

Swing Trading Plans for PNC

• Buy PNC slightly over 190.2, target 193.94, Stop Loss @ 189.65 Details

If 190.2 begins to break higher, the technical summary data tells us to buy PNC just slightly over 190.2, with an upside target of 193.94. The data also tells us to set a stop loss @ 189.65 in case the stock turns against the trade. 190.2 is the first level of resistance above 187.66, and by rule, any break above resistance is a buy signal. In this case, 190.2, 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 190.2, target 185.07, Stop Loss @ 190.75. Details

The technical summary data is suggesting a short of PNC if it tests 190.2 with a downside target of 185.07. We should have a stop loss in place at 190.75 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, 190.2, 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 189.96, target 190.2, Stop Loss @ 189.52 Details

If 189.96 begins to break higher, the technical summary data tells us to buy PNC just slightly over 189.96, with an upside target of 190.2. The data also tells us to set a stop loss @ 189.52 in case the stock turns against the trade. 189.96 is the first level of resistance above 187.66, and by rule, any break above resistance is a buy signal. In this case, 189.96, 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 189.96, target 187.62, Stop Loss @ 190.4. Details

The technical summary data is suggesting a short of PNC if it tests 189.96 with a downside target of 187.62. We should have a stop loss in place at 190.4 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, 189.96, 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.

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 October 29:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	172.01
P2	187.62	185.07	182.76
P3	189.96	190.2	193.94

AI Generated Signals for PNC

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Trading Pnc Financial Services Group Inc. (the) (NYSE: PNC) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PNC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PNC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PNC too.  All of these are offered below the Summary Table.