RSI low/high Values: [ 25 - 75 ]
* 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
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Quanta Services Inc stock downgraded from Strong Buy Candidate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 08, 2024 Gain 25.02% PDF

The Quanta Services Inc stock price gained 0.220% on the last trading day (Wednesday, 27th Mar 2024), rising from $259.18 to $259.75. During the last trading day the stock fluctuated 1.40% from a day low at $258.40 to a day high of $262.01. The price has risen in 8 of the last 10 days and is up by 7.41% over the past 2 weeks. Volume fell on the last day by -203 thousand shares and in total, 611 thousand shares were bought and sold for approximately $158.76 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong 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 28.74% during the next 3 months and, with a 90% probability hold a price between $306.62 and $358.80 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PWR Signals & Forecast

The Quanta Services Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $254.66 and $234.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 24, 2024, and so far it has risen 34.39%. Further rise is indicated 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 it 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

On the downside, the stock finds support just below today's level from accumulated volume at $234.39 and $232.93. There is a 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 $234.39. If this is broken, then the next support from accumulated volume will be at $232.93 and $195.56.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.62 between high and low, or 1.40%. For the last week, the stock has had daily average volatility of 1.48%.

Our recommended stop-loss: $252.11 (-2.94%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 44 days ago.)

Trading Expectations (PWR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Quanta Services Inc to open at $260.05, and during the day (based on 14 day Average True Range), to move between $255.08 and $264.42, which gives a possible trading interval of +/-$4.67 (+/-1.80%) up or down from last closing price. If Quanta Services Inc takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $234.39, some $25.36 (9.76%) from the current price of $259.75, our system finds the risk reward attractive.

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.354 Buy Candidate Downgraded

Predicted Opening Price for Quanta Services Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$260.05 ( 0.116%) $259.75

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
Resistance R3 263.67 1.51 %
R2 262.29 0.98 %
R1 261.43 0.648 %
Current price: 259.75
Support S1 258.67 -0.416 %
S2 257.82 -0.744 %
S3 256.44 -1.28 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 259.75
Support S1 234.39 -9.76%
S2 232.93 -10.33%
S3 195.56 -24.71%

PWR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 06, 2023 Dec 29, 2023 Jan 12, 2024 $0.0900 0.0445%
2 Aug 31, 2023 Sep 29, 2023 Oct 13, 2023 $0.0800 0.0461%
3 May 24, 2023 Jun 30, 2023 Jul 14, 2023 $0.0800 0.0408%
4 Mar 30, 2023 Apr 06, 2023 Apr 18, 2023 $0.0800 0.0477%
5 Dec 13, 2022 Dec 30, 2022 Jan 13, 2023 $0.0800 0.0539%

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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 2024-03-27, the price of an Quanta Services Inc (PWR) share was $259.75.

What is the 52-week high and low for Quanta Services Inc Stock?
The 52-week high for Quanta Services Inc Stock is $262.01 and the 52-week low is $153.74.

What is the market capitalization of Quanta Services Inc Stock?
As of the 2024-03-27, the market capitalization of Quanta Services Inc is 37.775B.

When is the next earnings date for Quanta Services Inc?
The upcoming earnings date for Quanta Services Inc is May 02, 2024.
Click to get the best stock tips daily for free!

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

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT