New York Stock Exchange
Tickers analyzed: 2 636 | Updated: 2019-12-13 | Next Update: 2019-12-16
Today's Case: PPL Corporation (PPL)
PPL Forecast and Technical Stock Analysis
Buy candidate since 2019-12-13 PDF
PPL Corporation gained 6.07% in the last trading day ( Friday, 13th Dec 2019 ), rising from $33.60 to $35.64 During the day the stock fluctuated 3.14% from a day low at $34.75 to a day high of $35.84. The price has risen in 5 of the last 10 days and is up by 4.73% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6.46 million more shares were traded than the day before. In total, 12.57 million shares bought and sold for approximately $447.97 million.
- 30 day high of the PPL stock price was $35.84 and low was $33.41.
- 90 day high was $35.84 and low was $30.10.
- 52 week high for PPL Corporation - $35.84 and low - $27.31.
PPL Corporation has broken the strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $35.36, a level that may pose a second chance to hit a runner. According to fan-theory $37.58 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Only positive signals in the chart today. PPL Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $34.17 and $33.78. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday December 12, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 70 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $33.57 and $32.15.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PPL Corporation finds support just below today's level at $33.57. If this is broken, then the next support from accumulated volume will be at $32.15 and $31.92.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.09 (3.14%) between high and low. For the last week, the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: $34.32 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
1.75 %Average volatility
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PPL Corporation holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Strong Buy Candidate candidate.