USA A1 Trading Advice (C) | 08-Oct-2024 | Expected Gain 4%-5%

 BUY   Quanta Services (NYSE: PWR)

Quanta Services (NYSE: PWR) STOCK RECOMMENDATION

Idea BUY
Buy Range 302 – 307
Target 320 – 323
StopLoss* below 295
Duration 14-15 Trading Days
Potential Returns 4% – 5%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 302 – 307 320 – 323 below 295 14-15 Trading Days 4% – 5%

* 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 308.31
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
Riyad Bank - Technical Analysis (Weekly)
  • The price has exhibited a robust upward trend, consistently establishing higher highs and higher lows.
  • During this upward trajectory, the stock price formed a Cup & Handle pattern, and after the breakout, it surged to the 287 level, where it faced significant resistance.
  • Subsequently, the price retraced and ultimately found support around the 227 level.
  • Following a rebound, the price successfully broke through the Inverted Head & Shoulders pattern and is currently trading at an all-time high.
  • It is anticipated that the price will maintain its upward momentum and reach new highs in the forthcoming days.

Quanta Services (NYSE: PWR) - RSI

Quanta Services (NYSE: PWR) - RSI
  • Current RSI of this stock is 77.24, which indicates the strength of buyers.

Quanta Services (NYSE: PWR) - EMA Cross

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) - ADX & DI

Quanta Services (NYSE: PWR) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

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

Based on our stock trading advice in USA, Quanta Services stock price target will be USD 320 – USD 323 in the next 14-15 trading sessions.

Quanta Services (NYSE: PWR) TRADINGVIEW POSITION UPDATE

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Buy Quanta Services by NaranjCapital on TradingView.com

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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