QUANTA SERVICES INC (PWR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PWR - US74762E1029 - Common Stock
Overall PWR gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PWR is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- PWR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PWR has a been trading in the 408.36 - 483.29 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, PWR did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- PWR is part of the Construction & Engineering industry. There are 55 other stocks in this industry, PWR did better than 66% of them.
PWR has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
238.51
4 important support areas can be observed.
- Support @468.77 from a horizontal line in the weekly time frame.
- A support zone ranging from 440.78 to 443.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 413.16 to 422.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @240.92 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @473.25 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PWR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PWR is up. |
| ChartMill Relative Strength | 80.82 | POSITIVE | PWR has a high relative strength, it outperformed 80.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PWR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PWR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PWR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.31 | NEUTRAL | The RSI value for PWR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.69 | POSITIVE | The MACD value suggests PWR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.55 | OVERBOUGHT | The high Stochastics value suggests PWR may be overbought. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PWR suggests some volalility. |
| Average Directional Index/ADX (14) | 17.28 | NEGATIVE | The low ADX value for PWR suggests a weak or negative trend. |
470.77
+2.01 (+0.43%)
QUANTA SERVICES INC / PWR FAQ
What is the ChartMill technical rating of QUANTA SERVICES INC (PWR) stock?
ChartMill assigns a technical rating of 9 / 10 to PWR.
What is the current trend direction of QUANTA SERVICES INC (PWR) stock?
The current trend direction for QUANTA SERVICES INC (PWR) is Bullish.
What is the RSI signal for QUANTA SERVICES INC (PWR) stock?
QUANTA SERVICES INC (PWR) has an RSI value of 61.3112. This indicates that the stock is currently neutral.
Can you provide the MACD signal for QUANTA SERVICES INC?
The MACD indicator for QUANTA SERVICES INC (PWR) has a value of 4.69448, indicating a bullish trend.
What is the buy/sell signal for PWR stock?
The buy/sell signal for QUANTA SERVICES INC (PWR) is buy as both the short term and long term trends are positive.