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|It was a first positive week for the PPL Corp. (PPL). During the week, the PPL gained 1.26 points, or 4.23%, and closed at 31.02 on Friday, June 7, 2019. Weekly volume was -12% below average. |
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 trend support level is at 28.93 and resistance is at 33.18. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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 29.61 on May 20, 2019. PPL lost 3.27 points, or 9.95%, in 9 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (29.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PPL may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See PPL weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 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 uptrend had started on June 3, 2019 at 29.72 and reached 31.60 on June 6, 2019. PPL gained -1.88 points, or -6.33%, in 3 days. The price is now at the 30.85% retracement level.
Daily Technical Indicators: [See PPL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.