PPL breaks below prior session low


Technical Analysis Report for PPL - 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
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.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
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
More market conditions identified for TQ Pro members...
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