NYSE trade advice (B): US engineering & construction stock | 7-8% gain | USA stock trading idea on 07 May 2024

Date
May 7, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Stock Trading Signals in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Quanta Services
  • 264 – 269
  • 284 – 288
  • Below 254
  • 7% – 8%
  • 12 - 14 Days
  • Buy
    Quanta Services
  • Buy
    Range
    264 – 269
  • Target
    284 – 288
  • Stoploss
    Below 254
  • Upside
    Potential
    7% – 8%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Quanta Services (NYSE: PWR) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • PWR
  • Quanta Services
  • Engineering & Construction
  • 265.82
  • 153.74
  • NYSE code PWR
  • Stock Name Quanta Services
  • Sector Engineering & Construction
  • 52 Weeks High 265.82
  • 52 Weeks Low 153.74
  • Quanta Services (NYSE: PWR) vs NYSE - Relative Strength Comparison

    The image highlights Quanta Services's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    PWR —   NYSE —

  • Quanta Services (NYSE: PWR) - Technical Analysis (Daily)

    Quanta Services - Technical Analysis chart on Daily Price and Volume
    Quanta Services - Technical Analysis chart on Daily Price and Volume

    • 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) - RSI Indicator

    Quanta Services stock analysis based on RSI Indicator
    Quanta Services - RSI Indicator

    • Current RSI of this stock is 67.49, which indicates the strength of buyers.

  • Quanta Services (NYSE: PWR) - MACD Indicator

    Quanta Services stock analysis based on MACD Indicator
    Quanta Services - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Quanta Services (NYSE: PWR) - EMA Crossover

    Quanta Services stock analysis based on EMA Crossover
    Quanta Services - EMA Crossover

    • 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 day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Quanta Services (NYSE: PWR) Stock Price Forecast

    Based on our daily trading signals for NYSE stocks, Quanta Services stock price target will be USD 284 - USD 288 in the next 12-14 trading sessions.

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    Target hit. Trade closed.

    7 May 2024
    24 May 2024
    24 May 2024
    13 days
    Loss per
    100,000 SAR
    Stop-loss
    254
    Buy Advice
    7 May 2024
    264 – 269
    Target 1
    24 May 2024
    284
    Target 2
    24 May 2024
    288
    Profit per
    100,000 SAR
    13 days
    8,322
    254
    264 – 269
    284
    288
    8,322
    7 May 2024
    24 May 2024
    24 May 2024
    13 days
    Loss per
    100,000 SAR
    Stop-loss
    254
    Buy Advice
    7 May 2024
    264 – 269
    Target 1
    24 May 2024
    284
    Target 2
    24 May 2024
    288
    Profit per
    100,000 SAR
    13 days
    8,322
    254
    264 – 269
    284
    288
    8,322
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Quanta Services
  • 264 – 269
  • 284 – 288
  • Below 254
  • 7% – 8%
  • 12 - 14 Days
  • Buy Quanta Services
  • Buy
    Range
    264 – 269
  • Target 284 – 288
  • Stoploss Below 254
  • Upside
    Potential
    7% – 8%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Quanta Services
  • 264 – 269
  • 284 – 288
  • Below 254
  • 7% – 8%
  • 12 - 14 Days
  • Buy
    Quanta Services
  • Buy
    Range
    264 – 269
  • Target
    284 – 288
  • Stoploss
    Below 254
  • Upside
    Potential
    7% – 8%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Quanta Services (NYSE: PWR) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • PWR
  • Quanta Services
  • Engineering & Construction
  • 265.82
  • 153.74
  • NYSE code PWR
  • Stock Name Quanta Services
  • Sector Engineering & Construction
  • 52 Weeks High 265.82
  • 52 Weeks Low 153.74
  • Company profile

    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.

  • Quanta Services (NYSE: PWR) vs NYSE - Relative Strength Comparison

    The image highlights Quanta Services's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    PWR —   NYSE —

  • Quanta Services (NYSE: PWR) - Technical Analysis (Daily)

    Quanta Services - Technical Analysis chart on Daily Price and Volume
    Quanta Services - Technical Analysis chart on Daily Price and Volume

    • 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) - RSI Indicator

    Quanta Services stock analysis based on RSI Indicator
    Quanta Services - RSI Indicator

    • Current RSI of this stock is 67.49, which indicates the strength of buyers.

  • Quanta Services (NYSE: PWR) - MACD Indicator

    Quanta Services stock analysis based on MACD Indicator
    Quanta Services - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Quanta Services (NYSE: PWR) - EMA Crossover

    Quanta Services stock analysis based on EMA Crossover
    Quanta Services - EMA Crossover

    • 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 day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Quanta Services (NYSE: PWR) Stock Price Forecast

    Based on our daily trading signals for NYSE stocks, Quanta Services stock price target will be USD 284 - USD 288 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website