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 BUY   Quanta Services (NYSE: PWR)

Quanta Services (NYSE: PWR) STOCK RECOMMENDATION

IdeaBUY
Buy Range264 – 269
Target284 – 288
StopLoss*below 254
Duration12-14 Trading Days
Potential Returns7% – 8%
IdeaBuy RangeTargetStopLoss*DurationPotential Returns
BUY264 – 269284 – 288below 25412-14 Trading Days7% – 8%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Quanta Services (NYSE: PWR) STOCK OVERVIEW

Quanta Services, Inc. engages in the provision of comprehensive infrastructure solutions to the electric power, oil and gas, communication, pipeline, and energy industries. It operates through the following segments: Electric Power, Renewable Energy, and Underground and Infrastructure. The Electric Power segment provides services for the electric power and communications markets. The Renewable Energy segment is involved in providing infrastructure solutions to customers involved in the renewable energy industry. The Underground and Infrastructure segment offers infrastructure solutions to customers involved in the transportation, distribution, storage, development, and processing of natural gas, oil, and other products. The company was founded by Kevin D. Miller, Steven P. Colmar, William G. Parkhouse, and John R. Colson on August 19, 1997 and is headquartered in Houston, TX.

Stock Data
NYSE Symbol PWR
Sectoral Index Engineering & Construction
52 Weeks High 265.82
52 Weeks Low 153.74

Quanta Services (NYSE: PWR) - RELATIVE STRENGTH

PWR-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Quanta Services —     NYSE —

Quanta Services (NYSE: PWR) - DAILY TECHNICAL ANALYSIS

PWR-DAILY TECHNICAL ANALYSIS
Quanta Services (NYSE: PWR) - Technical Analysis (Daily)
  • In the deep consolidation phase, price has formed a Cup & Handle pattern, which is a bullish pattern.
  • With a huge gap up, price broke the resistance level.
  • After that the price has given a upside move and reached to its All Time High at near 266 level.
  • With a short pull back, price again started moving upside.
  • Recently with a breakout, supported by the volume, it is expected that the price may continue its upmove.

Quanta Services (NYSE: PWR) - EMA Cross

Quanta Services (NYSE: PWR) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Quanta Services (NYSE: PWR) - RSI

PWR-RSI
Quanta Services (NYSE: PWR) - RSI
  • Current RSI of this stock is 67.49, which indicates the strength of buyers.

Quanta Services (NYSE: PWR) - MACD

PWR-MACD
Quanta Services (NYSE: PWR) - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

CONCLUSION - Quanta Services (NYSE: PWR) STOCK PRICE FORECAST

Based on our USA stock trading advisory services, Quanta Services stock price target will be USD 284 – USD 288 in the next 12-14ย trading sessions.

Quanta Services (NYSE: PWR) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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