PNC – PNC Financial Services Group Incorporated
The primary trend remains intact after the pullback and is pushing toward all-time highs.
PNC – PNC Financial Services Group Incorporated
Date: 6 July 2026
Sector: Finance / Major Banks
Exchange: New York Stock Exchange
TradingView link: 1Month 1D candles XLF Monthly XLF Weekly
Opening/macro/sector context
PNC Financial Services is based in Pittsburgh, Pennsylvania.
The company provides a full range of banking services, including retail banking for ordinary consumers and businesses, corporate and institutional banking, and asset management.
So this is a full-suite banking business, as you would expect from a bank of this size.
What makes PNC interesting is that the broader financial sector also appears to be in a very positive, bullish trend at the moment.
This can be seen in the ticker XLF, the Financial Select Sector SPDR ETF, which contains many of the major US banks.
A similar trend has also been noted on the Canadian Stock Exchange, with names such as Royal Bank of Canada (ticker: RY).
Looking at XLF on the monthly timeframe, we can see that it had stalled out in a slightly messy topping pattern.
However, most recently, it has printed a blue monthly candle.
That suggests buyers may be stepping back in, and there is the potential for a bullish breakout in the wider financial sector as well.
There was a break in structure on XLF, which is more evident on the weekly chart.
XLF broke the $51 support level and moved down towards $48.
However, after that, it quickly recovered, formed a higher high, and is now pushing back towards all-time highs.
So there is a good sector tailwind here too.
There is also the possibility that, if rates move higher, banks may benefit from being able to charge higher rates across parts of the yield curve.
Long-term structure
Looking at the long-term structure of PNC, the stock first floated around $3 and is currently sitting around $249.
Had you been able to hold from the beginning, you would be sitting on roughly a 6,570% return.
Not bad at all, especially considering some of the turbulent periods the stock has gone through.
One of the most obvious periods was the 2008–2009 financial crisis, which was a once-in-a-lifetime event for the banking sector.
I have marked that period out as a low and a break in structure.
There was another structural break during the COVID lows in March 2020.
However, the support level around $75 held; buyers stepped back in, and the stock quickly began pushing back towards all-time highs - at the time, it can feel like the end of the world, which is exactly what the media want.
I have also marked out a double bottom around $109 on the PNC chart.
After that double bottom was hit, PNC began forming a nice succession of positive structure, with higher highs and higher lows.
Obviously, we would now like to see the market push higher and extend.
Importantly, we have also had a good period of consolidation prior to this breakout, suggesting that energy is coiled up for the next move.
Lower timeframe / recent structure
Looking at the weekly chart, I have drawn a pink box since the last attempt at the all-time high.
That consolidation period has lasted from February through to July, meaning a good chunk of this year has been spent in sideways price action.
During that time, PNC held its support levels, and it did not break structure.
Now the stock is forming a series of higher highs and higher lows, and it has pushed out to all-time highs.
Last week, we had almost a full week where every day closed above the previous week’s all-time high.
That adds weight to the argument that PNC is showing very positive price action and is highly likely to exit this consolidation phase and move higher.
This more than meets the criteria of three closes above the previous week's all-time high.
It is also worth highlighting that PNC has moved out of the pink box on the 4-hour timeframe.
Price then pulled back and almost touched the very top of that pink box - it could yet do it.
If it can now hold that area and move higher again, that would continue to add to the bullish case.
Entry trigger:
For PNC specifically, this setup already more than meets the criteria of three closes above the previous all-time high.
The stock has also moved out of the 4-hour pink box and pulled back close to the top of the box.
If the price can hold that area and move higher again, that would provide further confirmation of the breakout.
Usual entry trigger is one of two things:
Three clean closes above the last breakout of the pink box.
A breakout of the pink box, followed by a pullback to touch the top of the box, and then a move higher.
Initial stop loss:
Last 4-hour swing low.
Multi-timeframe correlation:
3M: Blue candle
1M: Blue candle
1W: Blue candle
1D: Blue candle
4H: Grey candles recently, but the next 4-hour blue candle could provide the entry.
When should I tighten the stop-loss?
Tighten the stop loss as new 4-hour swing lows form and the stock continues to move higher.
When do I add to the position?
The best way to add to the position is on a pullback from a yellow-to-blue candle or a grey-to-blue candle, as price starts to move back up and attempts to break out again.
For PNC specifically, the next 4-hour grey-to-blue candle could provide the entry if the stock continues to hold above the breakout area.
Potential target range:
$253 – $299
Activated price targets:
3
Am I in this trade?
No, but I will be looking to take it when the market opens.
Current R multiple:
0R