Score 9.1 (out of 10): PNC FINANCIAL SERVICES GROUP poised to seasonally rally by +7.3% during the next 90 days.

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What’s Going On Here?

PNC Reports Second Quarter 2022 Net Income of $1.5 Billion

Why Now?

PNC FINANCIAL SERVICES GROUP indicates an interesting 90 days seasonal set up. During similar occasions, PNC FINANCIAL SERVICES GROUP shares had a median return of +7.3% – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for PNC FINANCIAL SERVICES GROUP received a high score of 9.1 (out of 10). This insight was generated with last price of 162.9.

What’s This Company About?

PNC FINANCIAL SERVICES GROUP is in the Super-Regional Banks-US business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: PNC US.

What’s My Risk / Reward and Time Horizon?

We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 174.8 (+7.3%) has been reached. Based on PNC FINANCIAL SERVICES GROUP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 157.8 (last price at 162.9), which is equivalent to a -3.1% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

8.1% (August-2021), 7.2% (August-2020), 7.4% (August-2019), -1.1% (August-2018), 6.7% (August-2017), 2.4% (August-2016), 8.5% (August-2015), 7.4% (August-2014), 11.3% (August-2013)

Historical Chart:

Summary:

NamePNC FINANCIAL SERVICES GROUP
ViewUp
Star (1 to 10)9.1
Target7.3%
Time90 days
Hit Rate100%

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