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Archive
- 5/23/2025 -
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Quanta Services Inc. (PWR) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Quanta Services Inc. (PWR). During the week, the PWR dropped -9.43 points, or -2.74%, and closed at 335.36 on Friday, May 23, 2025. Weekly volume was -7% 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 March 23, 2020 at 23.77 and reached 365.90 on January 22, 2025. PWR gained -342.13 points, or -1439.34%, in 252 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (330.08). 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 long-term trend.
 Medium-term trend: [See PWR medium-term trend chart]
A medium-term downtrend had started on January 22, 2025 at 365.90 and reached 227.10 on April 7, 2025. PWR lost 138.80 points, or 37.93%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (220.17) is broken. A broken support is considered to be a long-term bullish signal. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since May 2, 2025. 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 April 7, 2025 at 227.10 and reached 348.90 on May 21, 2025. PWR gained -121.80 points, or -53.63%, in 44 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 317.35 and resistance is at 353.79. 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 main line (%K) has declined below the overbought signal line (%D). 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.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
 Candlestick pattern: [See PWR candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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