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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PWR
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Red day on Thursday for Quanta Services Inc stock after losing 2.57%
(Updated on Jun 20, 2024)

Buy or Hold candidate since Apr 24, 2024 Gain 8.21% PDF

The Quanta Services Inc stock price fell by -2.57% on the last day (Thursday, 20th Jun 2024) from $281.20 to $273.97. During the last trading day the stock fluctuated 4.01% from a day low at $272.06 to a day high of $282.97. The price has been going up and down for this period, and there has been a -0.71% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -82 thousand shares and in total, 652 thousand shares were bought and sold for approximately $178.65 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.84% during the next 3 months and, with a 90% probability hold a price between $286.55 and $319.15 at the end of this 3-month period.

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PWR Signals & Forecast

The Quanta Services Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $275.73. On a fall, the stock will find some support from the long-term average at approximately $270.81. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -3.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Quanta Services Inc stock

Quanta Services Inc finds support from accumulated volume at $270.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $10.91 between high and low, or 4.01%. For the last week the stock has had daily average volatility of 2.53%.

Our recommended stop-loss: $258.66 (-5.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (PWR) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Quanta Services Inc to open at $276.33, and during the day (based on 14 day Average True Range), to move between $266.41 and $281.53, which gives a possible trading interval of +/-$7.56 (+/-2.76%) up or down from last closing price. If Quanta Services Inc takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $276.55 (0.94%) than the support at $270.02 (1.44%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Quanta Services Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Quanta Services Inc stock to perform well in the short-term.

Current score: 1.311 Buy Candidate Unchanged

Predicted Opening Price for Quanta Services Inc of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$276.33 ( 0.86%) $273.97

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PWR

Fibonacci Support & Resistance Levels

Level Price
R3 287.24 4.84%
R2 283.08 3.32%
R1 280.50 2.38%
Price 273.97
S1 272.17 -0.659%
S2 269.59 -1.60%
S3 265.42 -3.12%

Accumulated Volume Support & Resistance Levels

Level Price
R3 283.43 3.45%
R2 279.64 2.07%
R1 276.55 0.94%
Price 273.97
S1 270.02 -1.44%
S2 269.50 -1.63%
S3 255.00 -6.92%

PWR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 24, 2024 Jul 01, 2024 Jul 12, 2024 $0.0900 0.0328%
2 Mar 28, 2024 Apr 08, 2024 Apr 17, 2024 $0.0900 0.0366%
3 Dec 06, 2023 Dec 29, 2023 Jan 12, 2024 $0.0900 0.0445%
4 Aug 31, 2023 Sep 29, 2023 Oct 13, 2023 $0.0800 0.0461%
5 May 24, 2023 Jun 30, 2023 Jul 14, 2023 $0.0800 0.0408%

FAQ

What is the symbol for Quanta Services Inc Stock and on which exchange is it traded?
The symbol for Quanta Services Inc is PWR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Quanta Services Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Quanta Services Inc stock to perform well in the short-term.

How to buy Quanta Services Inc Stock?
Quanta Services Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Quanta Services Inc Stock.

What's the current price of Quanta Services Inc Stock?
As of the end of day on the Jun 20, 2024, the price of an Quanta Services Inc (PWR) share was $273.97.

What is the 52-week high and low for Quanta Services Inc Stock?
The 52-week high for Quanta Services Inc Stock is $286.87 and the 52-week low is $153.74.

What is the market capitalization of Quanta Services Inc Stock?
As of the Jun 20, 2024, the market capitalization of Quanta Services Inc is 41.164B.

When is the next earnings date for Quanta Services Inc?
The upcoming earnings date for Quanta Services Inc is Aug 01, 2024.
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About Quanta Services Inc

Quanta Services Quanta Services, Inc. provides specialty contracting services worldwide. The Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; energized installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power ne... PWR Profile

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