VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

PWR Forecast and Technical Stock Analysis

Hold candidate since 2019-07-18

Quanta Services Inc gained 0.08% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $37.91 to $37.94 During day the stock fluctuated 1.11% from a day low at $37.72 to a day high of $38.14. The price has fallen in 7 of the last 10 days and is down by -2.44% for this period. Volume fell in the last day by -287 856 shares, and in total, 863 860 shares bought and sold for approximately $32.77 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the PWR stock price was $39.60 and low was $37.03.
  • 90 day high was $41.00 and low was $34.28.
  • 52 week high for the Quanta Services Inc - $41.00 and low - $27.90.
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Trend

Quanta Services Inc is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend you can expect Quanta Services Inc with 90% probability to be traded between $34.05 and $39.75 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Quanta Services Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $37.86 and $37.75. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday July 12, 2019, which indicates further falls until a new bottom pivot has been found.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 49 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $35.67 and $35.40.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Quanta Services Inc finds support just below today's level at $35.67. If this is broken, then the next support from accumulated volume will be at $35.40 and $35.09.

Support: $35.67 Price: $37.94 Resistance: $38.19

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.42 (1.11%) between high and low. For the last week, the stock has had a daily average volatility of 1.39%.

Our recommended stoploss: $36.47 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)

1.39 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Quanta Services Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Previous Hold Today PWR ranks #2825 as HOLD CANDIDATE #2825 Next Hold

Will PWR stock price go up or down on Mon, 22 Jul 2019?

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