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- 11/8/2024 -
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PPL Corp. (PPL) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtWeekly  MACD line has moved below its signal lineBroken trend resistance lineTrend resistance at 33.08
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the PPL Corp. (PPL). During the week, the PPL gained 1.50 points, or 4.75%, and closed at 33.06 on Friday, November 8, 2024. Weekly volume was 58% above average.

PPL is a member of Utilities Sector. Utilities is the second 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 October 3, 2023 at 22.20 and reached 33.39 on October 1, 2024. PPL gained -11.19 points, or -50.41%, in 52 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (28.71) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See PPL medium-term trend chart]
A medium-term uptrend had started on July 8, 2024 at 27.24 and reached 33.39 on October 1, 2024. PPL gained -6.15 points, or -22.58%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (33.08). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See PPL weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 October 25, 2024 at 33.19 and reached 31.47 on November 1, 2024. PPL lost 1.72 points, or 5.18%, in 7 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (32.26) is broken. A broken support is considered to be a long-term bullish signal. 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 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 above its signal line. Such crossover is considered a bullish signal.

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.

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 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) 52.99
Williams' Percentage Range (W%R) 44.20
Lane's Stochastic (%D-Slow) 61.98
Greed/Fear Indicator (GFI) 56.93
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.81
Williams' Percentage Range (W%R) 15.60
Overbought
Lane's Stochastic (%D-Slow) 57.69
Greed/Fear Indicator (GFI) 66.19
Moving Average Converg./Diverg. (MACD) 1.24
Trading Signals
Description Value Chart
Upper Bollinger Band 33.16
Monthly Trendline Resistance 33.08
Price 33.06
Weekly Trendline Resistance 32.83
Daily Stochastic Crossing 32.65
Monthly Trendline Support 32.61
Weekly Stochastic Crossing 32.56
20 Day Moving Average 32.49
50 Day Moving Average 32.40
Quarterly Trendline Resistance 32.32
Weekly Trendline Support 32.26
Lower Bollinger Band 31.72
Parabolic System 31.44
Quarterly Trendline Support 28.71
Sector and Industry
Description Name Rank
Sector Utilities 8
Industry Electric Utilities 54
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.47
Low Date 11/01/2024
High 33.18
High Date 11/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 32.83
Support 32.26
High 33.19
High Date 10/25/2024
Low 31.47
Low Date 11/01/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 33.08
Support 32.61
Low 27.24
Low Date 07/08/2024
High 33.39
High Date 10/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 32.32
Support 28.71
Low 22.20
Low Date 10/03/2023
High 33.39
High Date 10/01/2024
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.