PPL finds buyers again around 26.08

PPL Corporation (PPL) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


PPL rallies 3.64% closing $0.95 higher
PPL pushes through key resistance level
PPL dominated by bulls lifting the market higher throughout the day
PPL pushes through 20-day moving average
PPL ends the day on a bullish note closing near the high of the day


PPL ended Thursday at 27.07 surging $0.95 (3.64%). This is the biggest single day gain in over two years. Today's closing price of 27.07 marks the highest close since May 31st. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 26.28, the share confirms its breakout through the previous session's high having traded $0.84 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily Candlestick Chart (PPL as at Jun 14, 2018):

Daily technical analysis candlestick chart for PPL Corporation (PPL) as at Jun 14, 2018

Thursday's trading range was $1.04 (3.98%), that's far above last trading month's daily average range of $0.50. Weekly volatility is also higher, being above the markets average with the monthly volatility being slightly below average.

Breaking through the key resistance level at 26.91 today, it is now likely to act as support going forward. Prices are trading close to the key resistance level at 27.43. After having been unable to move lower than 26.01 in the prior session, the market found buyers again around the same price level today at 26.08.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term. PPL Corp. managed to break above the 20-day moving average at 26.73 today for the first time since April 23rd.

As prices are trading close to June's high at 27.43, upside momentum could accelerate should the stock mark new highs for the month.

Market Conditions for PPL as at Jun 14, 2018

Loading Market Conditions for PPL (PPL Corporation)...
Latest Report:

PPL pushes through Wednesday's high

May 23, 2019
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when PPL Corporation traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!