RSI Flashes Caution as PNC Extends to $213.89

PNC Financial Services Group Inc (PNC) closed up 0.20% at $213.89 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($210.94) with a bullish stack. The 21-day EMA at $205.01 provides support.
• Momentum: RSI at 84.7 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (6.17 vs signal 5.85).
• Volatility: Bollinger Band width at 15.2% indicates normal volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $189.50, Resistance at $220.63.