QUANTA SERVICES INC (PWR) Technical Analysis
NYSE:PWR • US74762E1029
Current stock price
PWR Technical Rating and Analysis
Taking everything into account, PWR scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, PWR did better than 93% of all other stocks. We also observe that the gains produced by PWR over the past year are nicely spread over this period.
- PWR is one of the better performing stocks in the Construction & Engineering industry, it outperforms 74% of 56 stocks in the same industry.
- 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 522.03 - 592.58 range, which is quite wide. It is currently trading near the high of this range.
- PWR has an average volume of 1160110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
PWR Weekly and Daily overview Charts
PWR Setup Rating and Analysis
PWR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 585.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 551.32, a Stop Loss order could be placed below this zone.
More info and screens
PWR Support and Resistance Analysis
238.51
6 important support areas can be observed.
- A support zone ranging from 532.84 to 551.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @482.08 from a trend line in the weekly time frame.
- Support @458.73 from a trend line in the weekly time frame.
- Support @437.87 from a trend line in the daily time frame.
- Support @417.61 from a horizontal line in the daily time frame.
- Support @240.92 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 585.37 to 585.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
PWR Technical Indicator Signal Analysis
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 | 93.99 | POSITIVE | PWR has a high relative strength, it outperformed 93.99% 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) | 61.07 | NEUTRAL | The RSI value for PWR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.08 | POSITIVE | The MACD value suggests PWR has a positive trend. |
| Stochastics (14,3) | 88.18 | OVERBOUGHT | The high Stochastics value suggests PWR may be overbought. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for PWR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.52 | NEUTRAL | The ADX value for PWR suggests a possible start of a new trend. |
PWR Chart- and CandleStick Pattern Analysis
PWR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 585.38 | 522.02 | 63.36 (10.82%) | 9.24% |
| An entry @585.38. This is a Buy Stop order right above the resistance zone. | An exit @522.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 63.36 points, which is 10.82%. | For a 1.00% total portfolio risk, you can invest 9.24% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PWR Technicals: Chart, Performance Metrics, Trend & Indicators
585.36
+3.3 (+0.57%)
QUANTA SERVICES INC / PWR TA FAQ
What is the ChartMill technical rating of QUANTA SERVICES INC (PWR) stock?
ChartMill assigns a technical rating of 10 / 10 to PWR.
What is the trend direction for PWR stock?
The current trend direction for QUANTA SERVICES INC (PWR) is Bullish.
What is the RSI signal for PWR stock?
QUANTA SERVICES INC (PWR) has an RSI value of 61.0718. This indicates that the stock is currently neutral.
Can you provide the short term momentum for QUANTA SERVICES INC?
The short term momentum for QUANTA SERVICES INC (PWR) is positive.
What is the buy/sell signal for QUANTA SERVICES INC (PWR) stock?
The buy/sell signal for QUANTA SERVICES INC (PWR) is buy as both the short term and long term trends are positive.