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Archive
- 4/5/2024 -
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Quanta Services Inc. (PWR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a tenth consecutive positive week for the Quanta Services Inc. (PWR). During the week, the PWR gained 3.40 points, or 1.31%, and closed at 263.20 on Friday, April 5, 2024. Weekly volume was -9% below average.
PWR is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See PWR long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 16.77 and reached 265.82 on April 4, 2024. PWR gained -249.05 points, or -1485.09%, in 425 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (35.95) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See PWR medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 23.77 and reached 265.82 on April 4, 2024. PWR gained -242.05 points, or -1018.30%, in 210 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (170.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See PWR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See PWR short-term trend chart]
A short-term uptrend had started on January 23, 2024 at 187.27 and reached 265.82 on April 4, 2024. PWR gained -78.55 points, or -41.94%, in 72 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 259.84 and resistance is at 267.68. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
 Daily Technical Indicators: [See PWR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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