PPL CORP (PPL) Stock Technical Analysis
NYSE:PPL • US69351T1060
Overall PPL gets a technical rating of 8 out of 10. Although PPL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- PPL is part of the Electric Utilities industry. There are 46 other stocks in this industry, of which 60% are performing better than PPL.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by PPL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month PPL has a been trading in the 35.09 - 38.45 range, which is quite wide. It is currently trading near the high of this range.
- PPL has an average volume of 8666060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, PPL turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- Volume is considerably higher in the last couple of days.
Although PPL has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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32.92
4 important support areas can be observed.
- Support @37.97 from a horizontal line in the daily time frame.
- A support zone ranging from 35.66 to 35.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @34.87 from a trend line in the weekly time frame.
- A support zone ranging from 33.25 to 33.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 38.29 to 38.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PPL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PPL is up. |
| ChartMill Relative Strength | 54.97 | NEUTRAL | PPL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PPL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PPL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PPL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.22 | NEUTRAL | The RSI value for PPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests PPL has a positive trend. |
| Stochastics (14,3) | 88.39 | OVERBOUGHT | The high Stochastics value suggests PPL may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for PPL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for PPL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.30 | 37.96 | 0.34 (0.89%) | 25.00% |
| An entry @38.30. This is a Buy Stop order right above the resistance zone. | An exit @37.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.34 points, which is 0.89%. | For a 0.22% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PPL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
38.28
+0.16 (+0.42%)
PPL CORP / PPL FAQ
What is the ChartMill technical rating of PPL CORP (PPL) stock?
ChartMill assigns a technical rating of 8 / 10 to PPL.
What is the current trend direction of PPL CORP (PPL) stock?
The current trend direction for PPL CORP (PPL) is Bullish.
Can you provide the RSI signal for PPL CORP?
PPL CORP (PPL) has an RSI value of 66.2219. This indicates that the stock is currently neutral.
What is the short term momentum for PPL CORP (PPL) stock?
The short term momentum for PPL CORP (PPL) is positive.
What is the support and resistance level for PPL stock?
PPL CORP (PPL) has a support level at 37.97 and a resistance level at 38.29. Check the full technical report for our detailed analysis of PPL support and resistance levels.