The Greedy Trader Weekly Analysis
Sign In Jul 2, 2020
Skip Navigation Links
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 6/26/2020 -
Sign In to see current Signals.

Quanta Services Inc. (PWR)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sector
Daily :The price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the Quanta Services Inc. (PWR). During the week, the PWR gave back -0.07 points, or -0.18%, and closed at 38.64 on Friday, June 26, 2020. Weekly volume was -43% below average.

PWR is a member of Industrials Sector. Industrials is the second 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 44.09 on November 5, 2019. PWR gained -16.19 points, or -58.03%, in 45 weeks. The price is now at the 33.66% retracement level.

Medium-term trend: [See PWR medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 23.77 and reached 43.51 on June 8, 2020. PWR gained -19.74 points, or -83.05%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 32.72 and resistance is at 46.29. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See PWR weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. 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 8, 2020 at 43.51 and reached 35.36 on June 15, 2020. PWR lost 8.15 points, or 18.73%, in 7 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See PWR daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.32
Williams' Percentage Range (W%R) 58.90
Lane's Stochastic (%D-Slow) 57.55
Greed/Fear Indicator (GFI) 43.66
Moving Average Converg./Diverg. (MACD) 0.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.19
Williams' Percentage Range (W%R) 24.30
Lane's Stochastic (%D-Slow) 78.43
Greed/Fear Indicator (GFI) 70.37
Moving Average Converg./Diverg. (MACD) -0.76
Trading Signals
Description Value Chart
Weekly Trendline Resistance 46.29
Upper Bollinger Band 41.61
Weekly Stochastic Crossing 40.07
Daily Stochastic Crossing 39.34
20 Day Moving Average 39.34
Price 38.64
50 Day Moving Average 36.24
Parabolic System 35.65
Lower Bollinger Band 35.05
Weekly Trendline Support 32.72
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Construction & Engineering 86
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 43.51
High Date 06/08/2020
Low 35.36
Low Date 06/15/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 46.29
Support 32.72
Low 23.77
Low Date 03/23/2020
High 43.51
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.09
High Date 11/05/2019
Low 23.77
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.90
Low Date 12/24/2018
High 44.09
High Date 11/05/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.77
Low Date 02/11/2016
High 44.09
High Date 11/05/2019
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.

Copyright© 2004-2018 All rights reserved.