PPL Corporation Stock Forecast
Red day on Tuesday for PPL Corporation stock after losing 0.254%
(Updated on Apr 30, 2024)
The PPL Corporation stock price fell by -0.254% on the last day (Tuesday, 30th Apr 2024) from $27.53 to $27.46. During the last trading day the stock fluctuated 1.95% from a day low at $27.11 to a day high of $27.64. The price has risen in 6 of the last 10 days and is up by 5.57% over the past 2 weeks. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately $167.35 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.62% during the next 3 months and, with a 90% probability hold a price between $27.42 and $29.11 at the end of this 3-month period.
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PPL Signals & Forecast
The PPL Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $27.33 and $27.04. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.254%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PPL Corporation stock
PPL Corporation finds support from accumulated volume at $27.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.530 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: $26.65 (-2.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PPL) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect PPL Corporation to open at $27.40, and during the day (based on 14 day Average True Range), to move between $27.01 and $27.91, which gives a possible trading interval of +/-$0.455 (+/-1.66%) up or down from last closing price. If PPL Corporation takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.48 (0.07%) than the support at $27.02 (1.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
PPL Corporation will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.530. We will update the financials statements for PPL Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.92% in the first trading day after earnings release.
Is PPL Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PPL Corporation stock to perform well in the short-term.
Current score: 2.263 Buy Candidate Unchanged
Predicted Opening Price for PPL Corporation of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$27.40 ( 0.206%) | $27.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.93 | 1.72 % | |
R2 | 27.73 | 0.99 % | ||
R1 | 27.61 | 0.531 % | ||
Current price: | 27.46 | |||
Support | S1 | 27.20 | -0.94 % | |
S2 | 27.08 | -1.40 % | ||
S3 | 26.87 | -2.14 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.53 | 0.255 % | |
R2 | 27.50 | 0.146 % | ||
R1 | 27.48 | 0.0728 % | ||
Current price | 27.46 | |||
Support | S1 | 27.02 | -1.60% | |
S2 | 26.64 | -2.99% | ||
S3 | 26.05 | -5.13% |
PPL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 07, 2024 | Mar 07, 2024 | $0 | 0% |
2 | Nov 17, 2023 | Dec 07, 2023 | Jan 02, 2024 | $0.240 | 0.87% |
3 | Aug 25, 2023 | Sep 07, 2023 | Oct 02, 2023 | $0.240 | 1.06% |
4 | May 17, 2023 | Jun 08, 2023 | Jul 03, 2023 | $0.240 | 0.90% |
5 | Feb 17, 2023 | Mar 09, 2023 | Apr 03, 2023 | $0.240 | 0.87% |
FAQ
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