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Downtrend ResistanceArchive
- 4/5/2024 -
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PPL Corp. (PPL) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was the negative week for the PPL Corp. (PPL). During the week, the PPL dropped -0.31 points, or -1.13%, and closed at 27.22 on Friday, April 5, 2024. Weekly volume was -21% below average.
 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 52.62% 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. The price is now at the 13.45% retracement 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. 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 27.71 on April 2, 2024. PPL gained -2.36 points, or -9.31%, in 54 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 26.86 and resistance is at 28.11. 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.
The daily MACD line is above its signal line since March 27, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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.
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