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Multi-Sector Holdings Industry Stocks Technical Analysis - PWRArchive
- 4/26/2024 -
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Quanta Services Inc. (PWR) Technical Analysis
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| Summary:
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| | It was a first positive week for the Quanta Services Inc. (PWR). During the week, the PWR gained 18.40 points, or 7.56%, and closed at 261.66 on Friday, April 26, 2024. It was the best weekly gain since February 23, 2024. Weekly volume was -6% 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 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 (36.06) 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 (172.34) 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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. 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 April 4, 2024 at 265.82 and reached 242.61 on April 19, 2024. PWR lost 23.21 points, or 8.73%, in 15 days. The chart has formed a Broadening Descending Wedge chart pattern.
 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 rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 1, 2024. 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
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