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Uptrend ExhaustionArchive - 3/15/2024 - Sign In to see current Signals. |
Quanta Services Inc. (PWR) Technical Analysis
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| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a seventh consecutive positive week for the Quanta Services Inc. (PWR). During the week, the PWR climbed 0.69 points, or 0.29%, and closed at 242.75 on Friday, March 15, 2024. Weekly volume was -27% 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 245.43 on March 14, 2024. PWR gained -228.66 points, or -1363.51%, in 422 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (35.84) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 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 245.43 on March 14, 2024. PWR gained -221.66 points, or -932.52%, in 207 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (238.23). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend. Weekly Technical Indicators: [See PWR weekly technical indicators chart] Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 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 relatively 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 245.43 on March 14, 2024. PWR gained -58.16 points, or -31.06%, in 51 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 240.23 and resistance is at 246.49. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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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