PPL breaks below prior session low


PPL Corp. (PPL) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
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
Report Sentiment: 50% Bearish
Technical Forecast:
Overview

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
Volatility

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.

Support/Resistance

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

Trend

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

Conclusion

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

Market Conditions for PPL Corp.
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
White Candle TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

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.

Signup
Stocks Top Movers
NKY 22,356.08498.65 2.28%
NATGAS 2.9550.029 0.99%
ASX 6,299.6047.40 0.76%
SPX 2,841.7619.83 0.70%
NDX 7,449.8648.69 0.66%
CAC 5,403.41-8.91 -0.16%
TBOND 143.875-0.344 -0.24%
GBPUSD 1.2722-0.0043 -0.34%
FTSE 7,611.64-30.86 -0.40%
EURUSD 1.1344-0.0065 -0.57%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV96.14 -0.64
-0.66%
ACN 10 day candlestick chart for ACN161.24 1.01
0.63%
ADBE 10 day candlestick chart for ADBE256.05 2.51
0.99%
AAP 10 day candlestick chart for AAP154.80 9.96
6.88%
AES 10 day candlestick chart for AES13.52 0.14
1.05%
AET 10 day candlestick chart for AET197.11 2.40
1.23%
AFL 10 day candlestick chart for AFL46.51 0.21
0.45%
AMG 10 day candlestick chart for AMG147.35 0.95
0.65%
A 10 day candlestick chart for A66.99 1.05
1.59%
ABT 10 day candlestick chart for ABT63.74 0.31
0.49%