By Mill Chart
Last update: Apr 14, 2025
Our stock screener has detected a potential breakout setup on PPL CORP (NYSE:PPL). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NYSE:PPL.
Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.
Taking everything into account, PPL scores 7 out of 10 in our technical rating. In the last year, PPL was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
For an up to date full technical analysis you can check the technical report of PPL
ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, PPL exhibits a 8 setup rating, indicating its consolidation status in recent days and weeks.
PPL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 35.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.58, a Stop Loss order could be placed below this zone.
One strategy to consider is waiting for the actual breakout to occur, where the stock breaks out above the current consolidation zone. Traders can then enter a buy position, anticipating further upward momentum. As a risk management measure, it is advisable to set a stop loss order below the consolidation zone.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.
Our Breakout screener lists more breakout setups and is updated daily.
This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
35.93
-0.32 (-0.88%)
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The technical analysis for PPL CORP (NYSE:PPL) is highly positive, with a rating of 7 out of 10, suggesting a potential breakout.
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