The Greedy Trader Weekly Analysis
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Archive
- 8/9/2019 -
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PPL Corp. (PPL)

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Summary:
Weekly :Overbought sectorTrend support at 29.57
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was the negative week for the PPL Corp. (PPL). During the week, the PPL gave back -0.28 points, or -0.94%, and closed at 29.38 on Friday, August 9, 2019. PPL was trading at average weekly trading volume.

PPL is a member of Utilities Sector. Utilities is the most overbought 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 uptrend had started on June 7, 2018 at 25.30 and reached 32.88 on March 15, 2019. PPL gained -7.58 points, or -29.96%, in 40 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (29.57) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See PPL medium-term trend chart]
A medium-term downtrend had started on March 15, 2019 at 32.88 and reached 28.55 on August 6, 2019. PPL lost 4.33 points, or 13.17%, in 20 weeks. The price is now at the 19.17% retracement level.

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

The weekly MACD line is below its signal line since April 18, 2019. This is an indication that the medium-term trend is down. 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 24, 2019 at 31.80 and reached 28.55 on August 6, 2019. PPL lost 3.25 points, or 10.22%, in 43 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 28.99 and resistance is at 30.11. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See PPL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since June 27, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.39
Williams' Percentage Range (W%R) 40.20
Lane's Stochastic (%D-Slow) 48.20
Greed/Fear Indicator (GFI) 48.81
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.70
Williams' Percentage Range (W%R) 67.40
Lane's Stochastic (%D-Slow) 28.85
Greed/Fear Indicator (GFI) 35.83
Moving Average Converg./Diverg. (MACD) 0.01 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 33.41
Upper Bollinger Band 30.78
50 Day Moving Average 30.56
Weekly Trendline Resistance 30.11
20 Day Moving Average 29.98
Quarterly Trendline Support 29.57
Daily Stochastic Crossing 29.41
Price 29.38
Weekly Stochastic Crossing 29.37
Lower Bollinger Band 29.13
Weekly Trendline Support 28.99
Parabolic System 28.58
Sector and Industry
Description Name Rank
Sector Utilities 9
Industry Electric Utilities 111
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.98
High Date 08/07/2019
Low 29.13
Low Date 08/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 30.11
Support 28.99
High 31.80
High Date 06/24/2019
Low 28.55
Low Date 08/06/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.88
High Date 03/15/2019
Low 28.55
Low Date 08/06/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 33.41
Support 29.57
Low 25.30
Low Date 06/07/2018
High 32.88
High Date 03/15/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 40.20
High Date 06/02/2017
Low 25.30
Low Date 06/07/2018
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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