The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 3/15/2024 -
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PPL Corp. (PPL) Technical Analysis

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Summary:
Weekly :Oversold sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the PPL Corp. (PPL). During the week, the PPL dropped -0.54 points, or -1.99%, and closed at 26.64 on Friday, March 15, 2024. Weekly volume was -22% below average.

PPL is a member of Utilities Sector. Utilities is the 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 11, 2023 at 31.74 and reached 22.20 on October 3, 2023. PPL lost 9.54 points, or 30.06%, in 37 weeks. The price is now at the 46.54% retracement level.

Medium-term trend: [See PPL medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 22.20 and reached 28.00 on January 8, 2024. PPL gained -5.80 points, or -26.13%, in 13 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 February 8, 2024 at 25.35 and reached 27.40 on March 11, 2024. PPL gained -2.05 points, or -8.09%, in 32 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 26.26 and resistance is at 27.55. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising 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 MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.99
Williams' Percentage Range (W%R) 66.70
Lane's Stochastic (%D-Slow) 59.72
Greed/Fear Indicator (GFI) 50.35
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.02
Williams' Percentage Range (W%R) 34.90
Lane's Stochastic (%D-Slow) 47.00
Greed/Fear Indicator (GFI) 53.80
Moving Average Converg./Diverg. (MACD) 0.07
Trading Signals
Description Value Chart
Weekly Trendline Resistance 27.55
Parabolic System 27.39
Upper Bollinger Band 27.26
Daily Stochastic Crossing 26.91
20 Day Moving Average 26.69
Price 26.64
50 Day Moving Average 26.49
Weekly Stochastic Crossing 26.40
Weekly Trendline Support 26.26
Lower Bollinger Band 26.06
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Electric Utilities 24
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.40
High Date 03/11/2024
Low 26.38
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 27.55
Support 26.26
Low 25.35
Low Date 02/08/2024
High 27.40
High Date 03/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.20
Low Date 10/03/2023
High 28.00
High Date 01/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.74
High Date 01/11/2023
Low 22.20
Low Date 10/03/2023
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.