Resistance

Million

<ul class="list-ic vertical">
 <li><span>1</span> <a>PPL stock price has surpassed the 50 day EMA in the last session.</a></li>
 <li><span>2</span> <a>Buyers are gaining traction and have regained momentum.</a></li>
</ul>
<p>PPL Corporation (NYSE: PPL) PPL stock price is gaining strength and showed a reversal from the lows of $22. Moreover, PPL stock is attaining momentum ahead of the Q3 earnings results which is a positive sign. Furthermore, the chart shows the trendline breakout and PPL share price has surpassed the barrier of $24. However, bulls must continue the follow on buying action and need to surpass the immediate barrier of $27 to enter the bullish trajectory. PPL share price is trading above the 20 day and 50 day EMAs, and is below the 200 day and 100 day EMAs.&nbsp;</p>
<p>PPL share price is in a downtrend and has corrected from the highs of $30 in the past sessions. However, PPL stock has managed the gains and has attained a pullback. Per the options chain, at the strike price of $25, a massive open interest of 8471 hundred shares on the call side, highlights a challenge. Moreover, if PPL stock deals with this challenge, a short covering move toward $27 followed by $30 is expected.</p>
<p>At press time, PPL stock price was $24.74 with an intraday gain of 1.48% showing neutrality on the charts. Moreover, the trading volume increased by 1.24% to 8.24 Million while the market cap is 18.236 Billion. Furthermore, analysts maintained a buy rating with a yearly target price of $28.55 (growth outlook).</p>
<p>PPL Corp. engages in the generation, transmission and distribution of electricity. It operates through the two reportable segments: Kentucky Regulated &amp; Pennsylvania Regulated. The Kentucky Regulated segment consists of LKE’s regulated electricity generation, transmission and distribution operations of Louisville Gas and Electric Company and Kentucky Utilities Company as well as regulated distribution and sale of natural gas of Louisville Gas and Electric Company.. The company was founded in 1994 and is headquartered in Allentown, PA.</p>
<h2 class="wp-block-heading" id="strong-will-ppl-stock-price-surpass-25-strong"><strong>Will PPL Stock Price Surpass $25?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/FTlCVSZJVfOK5uUG9cCL_QC6gzFF8iDLoeQ97EBjoTfVy3ImlpSQvmo-KU2OfGH-6rznwm-DtJMumZGMNAVhmMzChxw5bNSIWJPodbU6U_REUf2reRYKnH8d22-OfVrg9QwXQXJDV8Ji-KYR1i-IHk8" alt="PPL Stock (NYSE: PPL) Escaped Trendline of $24, Gaining Traction">
  <figcaption class="wp-element-caption">
   Source: PPL Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily charts, PPL stock price has surpassed the 50 day EMA and is showing buying interest. Furthermore, price action showcased the short covering moves. Moreover, the PPL stock price has surpassed the 38.2% Fibonacci retracement zone and is heading for the 50% zone.&nbsp;</p>
<p>The RSI curve stayed in the overbought zone and is showing a bullish divergence suggesting that follow-on buying action will continue in the upcoming sessions.MACD shows green bars on the histogram suggesting a positive outlook for the coming sessions.</p>
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4>
<p>PPL stock price is heading to retain the neutrality near $25 and has surpassed the barrier of 50 day EMA highlighting buying interest in the past trading sessions. <a href="https://www.thecoinrepublic.com/2023/07/04/apple-aapl-stock-plunged-on-this-monday-trading-session/" rel="noopener noreferrer nofollow">PPL stock </a>may reach 425 in the upcoming sessions.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $23 and $20</p>
<p>Resistance Levels: $25 and $28</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

PPL Stock (NYSE: PPL) Escaped Trendline of $24, Gaining Traction

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Thecoinrepublic.com

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