PNC Financial Services Technical Analysis (NYSE:PNC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. When a chart pattern that can predict future PNC Financial Services stock price movements is formed, the PNC stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for PNC Financial Services. The technical analysis form of PNC Financial Services stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
PNC Financial Services Moving Average:
Moving averages show the average price of PNC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. Moving averages can be used for PNC trend identification. A rising moving average shows that stock prices are generally increasing.
PNC Financial Services Bollinger Bands:
Bollinger Bands developed from the concept of trading bands and can be used to measure the high-low range of PNC Financial Services stock price relative to previous trades. Currently the stock price of $118.2 is in the lower range of PNC Financial Services bollinger bands.
PNC Financial Services Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The PNC Financial Services MACD line is below the signal line.
PNC Financial Services Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 11.6 is the RSI value of PNC stock. .