PNC stock: buy or sell
Updated on:
Jan 27th, 2021
2
PNC stock brief
- Counting on Tuesday, it's been 4 consecutive sessions in negative for PNC Financial Services. Price closed on Tuesday at $148.06 after falling a -1.60%.
- From the chart point view, price is drawing a scaled uptrend since September 2020 with higher tops and higher bottoms. Up to date, the uptrend made a 48.36% gain since the beginning of this rally
- PNC Financial Services released its financial report on January 15
- The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States.
Should I buy PNC Financial Services stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PNC stock a buy?
Currently, PNC Financial Services stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $PNC in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell PNC Financial Services stock?
"To sell or not to sell", if you are holding PNC Financial Services shares?. Trading strategies give us the ability us to avoid rash decisions based on our emotions or the buzz surrounding the market. When selling, as well as buying, our strategies are very easy to use but are only applicable for selling stocks you already own, not for shorting $PNC stock
As a golden rule, you should never keep an open trade that generates losses greater than those expected by the time of the buy. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell PNC Financial Services stock?
Currently, PNC Financial Services stock doesn't match any of our preferred sell setups, so if you own PNC Financial Services stock and your operation is in profit probably is not time to sell now
PNC Financial Services ratings
In the last month, 6 brokerage ratings were published for PNC Financial Services
| Brokerage firm | Rating |
|---|---|
| Jan 4th, 2021 | |
| Barclays | |
| Jan 6th, 2021 | |
| Deutsche Bank Aktiengesellschaft | Neutral |
| Jan 11th, 2021 | |
| Smith Barney Citigroup | Neutral → |
| Jan 13th, 2021 | |
| Piper Sandler | Buy → Neutral |
| Jan 19th, 2021 | |
| Morgan Stanley | |
| Royal Bank of Canada | Neutral |
PNC Financial Services stock analysis
Since in September 2020, PNC Financial Services has been drawing an uptrend that by now marked a gorgeous 48.36%. The price line shows higher peaks and troughs, and along the way provided very few buying opportunities for those who wanted to trade in. Latest pullback was last October, when price bounced at $106.09. Like in all uptrends, price needs to take breath and now price is consolidating the gains in a range between $161.58 and $106.09
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on January 12, the price sliced by 8.32%
Relative strength index
The RSI dropped below the overbought level of 70 on January 15 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Tuesday was 46.23. Since that level was lost, PNC Financial Services price dropped a 7.66%
PNC Financial Services stock price history
PNC Financial Services went public on Nov 17th, 1975 at $0.00 per share1. Since then, PNC stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in PNC Financial Services stock on Nov 1975, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for PNC Financial Services stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
The following table shows the price forecasts posted by financial institutions in the last 30 days. If you are a small trader you should not invest based on these forecasts.
The average price target for PNC Financial Services stock calculated from the table below is $168.67. That is a 13.92% than the last price ($148.06).
| Brokerage firm | Price target |
|---|---|
| Jan 4th, 2021 | |
| Barclays | $136.00 → $171.00 |
| Jan 6th, 2021 | |
| Deutsche Bank Aktiengesellschaft | $115.00 → $157.00 |
| Jan 11th, 2021 | |
| Smith Barney Citigroup | $140.00 → $179.00 |
| Jan 13th, 2021 | |
| Piper Sandler | $162.00 → $167.00 |
| Jan 19th, 2021 | |
| Morgan Stanley | $173.00 → $177.00 |
| Royal Bank of Canada | $135.00 → $161.00 |
Earnings and financials
Financial call was hosted by PNC Financial Services ($PNC) on January 15 after releasing the earnings report. PNC reported earnings of $3.26 per share on revenue of $4.2 billion. The Wall St estimate was $2.61 per share on revenue of $4.1 billion.
Compared to the same quarter one year ago, EPS was $2.97, so posted EPS means a increase of 9.76%. Turnover just changed on an annualized basis in the , from $43.9B to $44.6B last quarter.PNC ($PNC) presents Q1 financial report next April. Wall Street analysts predict of $2.57, that is a 21.17% lower than previous quarter.
PNC Financial Services performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| PNC Financial Services ($PNC) | 1.80% | 31.60% | 44.30% |
Important note:
The viewpoints given in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have an understanding of the individual conditions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for informational purposes onlyPNC summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $151.37 |
| Close | $148.06 |
| Day range | $147.82 - $151.7 |
| Previous close | $150.47 |
| Session gain | -1.60% |
| Average true range | $5.26 |
| 50d mov avg | $143.66 |
| 100d mov avg | $127.10 |
| 200d mov avg | $115.53 |
| Earnings date | April 14th, 2021 |