PPL Corporation Stock Forecast
Green day on Wednesday for PPL Corporation stock after gaining 1.58%
(Updated on Apr 17, 2024)
The PPL Corporation stock price gained 1.58% on the last trading day (Wednesday, 17th Apr 2024), rising from $26.01 to $26.42. During the last trading day the stock fluctuated 1.57% from a day low at $26.13 to a day high of $26.54. The price has fallen in 6 of the last 10 days and is down by -3.15% for this period. Volume fell on the last day by -169 thousand shares and in total, 3 million shares were bought and sold for approximately $91.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 5.43% during the next 3 months and, with a 90% probability hold a price between $27.45 and $29.17 at the end of this 3-month period.
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PPL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.58%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PPL Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $26.67 and $26.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PPL Corporation stock
PPL Corporation finds support from accumulated volume at $26.05 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 $0.410 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $25.02 (-5.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (PPL) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect PPL Corporation to open at $26.36, and during the day (based on 14 day Average True Range), to move between $25.98 and $26.86, which gives a possible trading interval of +/-$0.443 (+/-1.68%) up or down from last closing price. If PPL Corporation takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.46 (0.15%) than the support at $26.05 (1.40%), 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.
Is PPL Corporation stock A Buy?
PPL Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.343 Hold/Accumulate Unchanged
Predicted Opening Price for PPL Corporation of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $26.36 ( 0.214%) | $26.42 |
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 | 26.77 | 1.34 % | |
| R2 | 26.62 | 0.745 % | ||
| R1 | 26.52 | 0.378 % | ||
| Current price: | 26.42 | |||
| Support | S1 | 26.21 | -0.81 % | |
| S2 | 26.11 | -1.17 % | ||
| S3 | 25.95 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.74 | 1.21 % | |
| R2 | 26.64 | 0.83 % | ||
| R1 | 26.46 | 0.151 % | ||
| Current price | 26.42 | |||
| Support | S1 | 26.05 | -1.40% | |
| S2 | 26.01 | -1.55% | ||
| S3 | 25.93 | -1.85% |
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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