PPL breaks below prior session low
PPL Corporation (PPL) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (PPL as at May 17, 2018):
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.