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PWR - Quanta Services Inc

Industry: General Contractors Sector: Industrial Goods Exchange: NYSE

Fri 19'th Jan 2018

PERIOD 2017-10-20 - 2018-01-19
CHANGE 1.19%
PRICE $38.99
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Quanta Services Inc Stock Analysis

Technical stock analysis for Fri 19'th Jan 2018

Shorts 1.87% ( 2017-12-29 )
Cash 409.8 mill
Loans 2 032.5 mill
Beta 0.80
ROA 4.77
Buy candidate since 2018-01-18 Gain 1.19%

Quanta Services Inc gained 1.19% in the last trading day, rising from $38.53 to $38.99 The price has fallen in 6 of the last 10 days and is down by -2.18% for this period. Volume fell in the last day by -0.02 million shares, and in total, 1.14 million shares bought and sold for approximately $44.49 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.

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Trend

Quanta Services Inc lies in the middle of a 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 7.93% during the next 3 months and, with 90% probability hold a price between $40.43 and $43.99 at the end of this period.

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Signals

Only positive signals in the chart today. 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 $38.80 and $38.75. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 18, 2018, which indicates further gains until a new top pivot has been found. 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.

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Relative Strength Index (RSI)

RSI14 is 47 and the stock is currently not being overbought or oversold

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Support & Resistance

Quanta Services Inc finds support from accumulated volume at $38.80. On the upside the stock meets some resistance just above today's level from accumulated volume at $39.07, $39.17 and $39.40.

The stock is about to test the resistance from accumulated volume at $39.07 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $38.80 Price: $38.99 Resistance: $39.07

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 $0.63 (1.64%) between high and low. For the last week, the stock has had a daily average volatility of 1.88%.

Our recommended stoploss: $36.94 (-5.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

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Evaluation

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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

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