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. The PNC stock chart pattern can give those who understand technical analysis an indication of which way PNC stock is headed, but cannot predict with 100% certainty as to what can happen to the PNC Financial Services stock price.
See PNC Financial Services bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of PNC Financial Services stock analysis.
PNC Financial Services Moving Average
Moving averages help predict the price direction of PNC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for PNC Financial Services are mostly signals of long term trends and will help long term traders.
PNC Financial Services Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the PNC stock. The stock price is trading between the average and the lower band in the context of PNC Financial Services bollinger bands.
PNC Financial Services Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The PNC Financial Services MACD line is below the signal line.
PNC Financial Services Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of PNC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.