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Archive
- 8/9/2019 -
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Quanta Services Inc. (PWR)

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Summary:
Weekly :Overbought sectorBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversoldBroken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBroken trend support line - Downtrend exhaustionLane's Stochastic is oversoldThe period of high volatility of the stock price
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It was a first positive week after 4 consecutive negative weeks for the Quanta Services Inc. (PWR). During the week, the PWR gained 0.80 points, or 2.39%, and closed at 34.31 on Friday, August 9, 2019. It was the best weekly gain since June 21, 2019. Weekly volume was 28% above average.

PWR is a member of Industrial Goods Sector. Industrial Goods 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 December 24, 2018 at 27.90 and reached 41.00 on May 1, 2019. PWR gained -13.10 points, or -46.95%, in 18 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (37.62) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PWR may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.

Medium-term trend: [See PWR medium-term trend chart]
A medium-term downtrend had started on May 1, 2019 at 41.00 and reached 32.14 on August 7, 2019. PWR lost 8.86 points, or 21.61%, in 14 weeks. The chart has formed a Rising Pennant chart pattern. The downtrend support line (41.62) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.

Weekly Technical Indicators: [See PWR weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 17, 2019. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See PWR short-term trend chart]
A short-term downtrend had started on June 20, 2019 at 39.60 and reached 32.14 on August 7, 2019. PWR lost 7.46 points, or 18.84%, in 48 days. The chart has formed a Ascending Triangle chart pattern. The downtrend support line (37.08) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a short-term trend.

Daily Technical Indicators: [See PWR daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since July 8, 2019. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 108.29% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.72
Williams' Percentage Range (W%R) 74.50
Lane's Stochastic (%D-Slow) 17.74
Oversold
Greed/Fear Indicator (GFI) 25.65
Moving Average Converg./Diverg. (MACD) -0.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.85
Williams' Percentage Range (W%R) 81.70
Oversold
Lane's Stochastic (%D-Slow) 51.89
Greed/Fear Indicator (GFI) 39.18
Moving Average Converg./Diverg. (MACD) 0.73
Trading Signals
Description Value Chart
Upper Bollinger Band 39.96
Quarterly Trendline Resistance 38.20
Monthly Trendline Resistance 38.16
Weekly Trendline Resistance 37.92
Quarterly Trendline Support 37.62
50 Day Moving Average 37.23
Weekly Trendline Support 37.08
20 Day Moving Average 36.37
Weekly Stochastic Crossing 35.72
Parabolic System 35.66
Price 34.31
Daily Stochastic Crossing 33.43
Lower Bollinger Band 31.65
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry General Contractors 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 39.24
High Date 07/02/2019
Low 32.14
Low Date 08/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 37.92
Support 37.08
High 39.60
High Date 06/20/2019
Low 32.14
Low Date 08/07/2019
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Support
Resistance 38.16
Support 41.62
High 41.00
High Date 05/01/2019
Low 32.14
Low Date 08/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 38.20
Support 37.62
Low 27.90
Low Date 12/24/2018
High 41.00
High Date 05/01/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.77
Low Date 02/11/2016
High 41.00
High Date 05/01/2019
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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