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- 6/26/2020 -
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PPL Corp. (PPL)

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Summary:
Weekly :Oversold sectorPrice is near the Fibonacci 38.2% retracement levelBroken trend support line
Daily :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the PPL Corp. (PPL). During the week, the PPL dropped -0.93 points, or -3.58%, and closed at 25.07 on Friday, June 26, 2020. Weekly volume was 9% above average.

PPL is a member of Utilities Sector. Utilities is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PPL long-term trend chart]
A long-term downtrend had started on January 29, 2020 at 36.83 and reached 18.12 on March 23, 2020. PPL lost 18.71 points, or 50.80%, in 7 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See PPL medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 18.12 and reached 30.94 on June 5, 2020. PPL gained -12.82 points, or -70.75%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (28.24) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PPL may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See PPL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See PPL short-term trend chart]
A short-term downtrend had started on June 5, 2020 at 30.94 and reached 24.91 on June 26, 2020. PPL lost 6.03 points, or 19.49%, in 21 days. Price is near the trend low.

Daily Technical Indicators: [See PPL daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since June 10, 2020. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.72
Oversold
Williams' Percentage Range (W%R) 90.40
Strong Oversold
Lane's Stochastic (%D-Slow) 12.06
Oversold
Greed/Fear Indicator (GFI) 12.47
Oversold
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.15
Williams' Percentage Range (W%R) 60.10
Lane's Stochastic (%D-Slow) 62.70
Greed/Fear Indicator (GFI) 51.83
Moving Average Converg./Diverg. (MACD) -1.62
Trading Signals
Description Value Chart
Upper Bollinger Band 29.96
Monthly Trendline Support 28.24
Weekly Stochastic Crossing 27.78
20 Day Moving Average 27.47
Parabolic System 26.79
50 Day Moving Average 26.32
Daily Stochastic Crossing 25.15
Price 25.07
Lower Bollinger Band 23.22
Sector and Industry
Description Name Rank
Sector Utilities 2
Industry Electric Utilities 23
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.09
High Date 06/16/2020
Low 24.91
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.94
High Date 06/05/2020
Low 24.91
Low Date 06/26/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 32.16
Support 28.24
Low 18.12
Low Date 03/23/2020
High 30.94
High Date 06/05/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36.83
High Date 01/29/2020
Low 18.12
Low Date 03/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 40.20
High Date 06/02/2017
Low 18.12
Low Date 03/23/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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