PPL Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis and price prediction for PPL for the next trading week:
Technical Analysis
The stock is currently showing mixed technical signals:
- RSI-14 at 53.23 indicates neutral momentum
- Stochastic oscillator (89.59) suggests overbought conditions
- MACD is slightly bullish with positive divergence (0.04)
- Trading above all major moving averages (5,10,20,60,200,250-day)
- Currently at 0.53 of the Bollinger Band width, suggesting moderate volatility
Recent News Impact
- PPL received a rating upgrade from Peter Lynch's investment strategy, improving from 0% to 74%
- Ray Dalio's Bridgewater Associates initiated a new position in PPL, indicating institutional confidence
- The company announced strong 2024 performance with ongoing earnings of $1.69 per share
- Management projects 6-8% annual earnings growth through 2028, supported by a $20 billion capital investment plan
Price Prediction for Next Week Based on technical indicators and recent developments:
Target Prices:
- Resistance levels: $34.70 (Fibonacci R1), $35.08 (Fibonacci R2)
- Support levels: $33.46 (Fibonacci S1), $33.08 (Fibonacci S2)
Expected Trading Range: $33.46 - $34.70
Trading Recommendation SELL with the following rationale:
- Overbought conditions indicated by stochastic oscillator
- Stock is trading near resistance levels
- Recent price momentum showing signs of exhaustion
- Upcoming rate case filings could create near-term uncertainty
Optimal entry point for short positions: Current price ($33.73) Stop loss: $34.70 (Fibonacci R1) Target: $33.08 (Fibonacci S2)
PPL Similar Chart Price Prediction
The price of PPL is predicted to go up 4.71%, based on the high correlation periods with DMF. The similarity of these two price pattern on the periods is 96.9%.
PPL
DMF
Up: 4.71%Similarity: 96.9%
PPL Revenue Forecast
PPL EPS Forecast
PPL FAQs
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PPL VS S&P500
PPL's domestic regulated earnings mix provides a stable base for earnings growth.
Management's decision to sell its UK assets allows investors to focus on the company's US utilities.
We expect PPL to invest more than $17 billion in capital investment through 2028, supporting 7% annual earnings growth.
PPL Analyst's Forecast
Ryan Levine
Citigroup
Hold
2024-12-12
Price Target
$31 → $36
Upside
+11.49%
Citi analyst Ryan Levine raised the firm's price target on PPL Corp. to $36 from $31 and keeps a Neutral rating on the shares. The firm says the Pennsylvania Public Utility Commission could take grid-level actions to manage load, and it expects to see discussions around incentives for long-term power purchase agreements in the upcoming legislative session.
Jeremy Tonet
JP Morgan
Buy
2024-10-25
Price Target
$37
Upside
+14.09%
Nicholas Campanella
Barclays
Hold
2024-10-21
Price Target
$30 → $34
Upside
+4.84%
