PPL Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for PPL · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$35.18last close · Aug 4, 202652-week range $33.16 – $40.10 · 12.28% below the high
Symmetrical Triangle · playing out now

PPL is breaking down from a symmetrical triangle — a sign the recent run may be rolling over.

On this chart, setups like it have followed through about 61% of the time.

As long as price stays below $36.89, it's in play — a daily close back above there calls it off.

The move's natural target sits near $33.90.

PPL Falling Wedge Pattern

PPL is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

DirectionBearishTarget$33.47Projected move−5.6%Breakout level$35.48

New to this pattern? What a falling wedge is and how to trade it →

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
PPL win rate
60.0%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

PPL Pattern Trade History

Every completed pattern trade our nightly backtest found on PPL's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeDec 2, 2025 @ $35.33Dec 10, 2025 @ $33.47Win+1.16R
TriangleJul 14, 2025 @ $34.41Jul 28, 2025 @ $35.71Win+1.08R
Rising WedgeMar 5, 2025 @ $34.65Mar 31, 2025 @ $36.11Loss-1.16R
Rising WedgeApr 10, 2024 @ $27.06Apr 15, 2024 @ $26.28Win+1.52R
Rising WedgeJan 16, 2024 @ $26.93Jan 24, 2024 @ $25.51Win+1.33R
Falling WedgeMar 27, 2023 @ $26.86Apr 18, 2023 @ $28.49Win+1.51R
Falling WedgeFeb 21, 2023 @ $27.81May 26, 2023 @ $25.76Win+1.54R
TriangleJan 5, 2023 @ $29.85Jan 18, 2023 @ $29.71Loss-0.12R
TriangleSep 16, 2022 @ $28.81Sep 29, 2022 @ $26.39Win+1.78R
TriangleJun 9, 2022 @ $29.65Jun 13, 2022 @ $27.10Win+2.57R
TriangleAug 6, 2021 @ $28.93Sep 10, 2021 @ $29.61Win+0.87R
TriangleJun 16, 2021 @ $28.98Jun 18, 2021 @ $28.07Win+1.77R

PPL Support and Resistance Levels

Price is bouncing off a floor near $34.94 and starting to climb. On the weekly chart, the next ceiling overhead sits near $43.58 — about 24% away.

  • Traders commonly watch $43.58 as a target (its 161.8% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $34.94 floor, where price is testing it now, not out here in the climb. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $34.69, resistance near $39.39. These are chart/swing-derived levels, not formula pivots.

Resistance
$39.39$47.22
Support
$34.69

PPL Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$35.13$35.36$34.66$35.18
Aug 3, 2026$35.10$35.56$34.96$35.20
Jul 31, 2026$35.37$35.58$35.19$35.21
Jul 30, 2026$35.80$35.89$35.12$35.56
Jul 29, 2026$36.45$36.67$35.68$35.70
Jul 28, 2026$36.26$36.89$36.20$36.33
Jul 27, 2026$36.11$36.42$35.85$36.01
Jul 24, 2026$36.41$36.68$35.67$36.22
Jul 23, 2026$35.84$36.46$35.79$36.24
Jul 22, 2026$35.76$36.12$35.61$36.10

PPL Frequently Asked Questions

What chart pattern is PPL forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on PPL on the daily chart, with a measured-move target of $33.47.
Is a falling wedge bullish or bearish?
The falling wedge detected on PPL is a bearish pattern, projecting a measured-move target of $33.47. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for PPL?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), PPL's nearest support is around $34.69 and nearest resistance around $39.39.
What is the price target if PPL's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $33.47 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was PPL's closing price on Aug 4, 2026?
PPL last closed at $35.18 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.