PPL breaks below prior session low

Technical Analysis Report for PPL - May 17, 2018 [< 1 min read]
PPL closes lower for the 5th day in a row
PPL breaks below previous session low
PPL falls to lowest close since September 14, 2015
TQ Sentiment
Technical Forecast:

Moving lower for the 5th day in a row, PPL ended Thursday at 26.74 losing $0.27 (-1.0%). Today's closing price of 26.74 marks the lowest close since September 14, 2015. Closing below Wednesday's low at 26.88, the share confirms its breakout through the previous session's low having traded $0.23 below it intraday.

Daily chart for PPL

Thursday's trading range was $0.40 (1.48%), that's below last trading month's daily average range of $0.54. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being above average.


Prices are trading close to the key resistance level at 27.08.


The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Report Market Conditions
Closed below last periods low TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
5 Consecutive Lower Closes TQ Pro Members Only
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Get the stats behind the charts

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


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