NYSE trade advice (C): US engineering & construction stock | 4-5% gain | USA stock trading picks on 8 Oct 2024

Date
October 8, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Trading Advice in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Quanta Services
  • 302 – 307
  • 320 – 323
  • Below 295
  • 4% – 5%
  • 14 - 15 Days
  • Buy
    Quanta Services
  • Buy
    Range
    302 – 307
  • Target
    320 – 323
  • Stoploss
    Below 295
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    14 - 15 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
  • 308.31
  • 153.74
  • NYSE code PWR
  • Stock Name Quanta Services
  • Sector Engineering & Construction
  • 52 Weeks High 308.31
  • 52 Weeks Low 153.74
  • Quanta Services (NYSE: PWR) vs NYSE - Relative Strength Comparison

    The image showcases Quanta Services's 1-year performance relative to 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

    • 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 Indicator

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

    • Current RSI of this stock is 74.52, which indicates the strength of buyers.

  • Quanta Services (NYSE: PWR) - ADX & DI Indicator

    Quanta Services stock analysis based on ADX & DI indicator
    Quanta Services - ADX & DI indicator

    • 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.

  • 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 Forcast

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

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    Target hit. Trade closed.

    8 Oct 2024
    7 Nov 2024
    8 Nov 2024
    22 days
    Loss per
    100,000 SAR
    Stop-loss
    295
    Buy Advice
    8 Oct 2024
    302 – 307
    Target 1
    7 Nov 2024
    320
    Target 2
    8 Nov 2024
    323
    Profit per
    100,000 SAR
    22 days
    6,954
    295
    302 – 307
    320
    323
    6,954
    8 Oct 2024
    7 Nov 2024
    8 Nov 2024
    22 days
    Loss per
    100,000 SAR
    Stop-loss
    295
    Buy Advice
    8 Oct 2024
    302 – 307
    Target 1
    7 Nov 2024
    320
    Target 2
    8 Nov 2024
    323
    Profit per
    100,000 SAR
    22 days
    6,954
    295
    302 – 307
    320
    323
    6,954
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Quanta Services
  • 302 – 307
  • 320 – 323
  • Below 295
  • 4% – 5%
  • 14 - 15 Days
  • Buy Quanta Services
  • Buy
    Range
    302 – 307
  • Target 320 – 323
  • Stoploss Below 295
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    14 - 15 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Quanta Services
  • 302 – 307
  • 320 – 323
  • Below 295
  • 4% – 5%
  • 14 - 15 Days
  • Buy
    Quanta Services
  • Buy
    Range
    302 – 307
  • Target
    320 – 323
  • Stoploss
    Below 295
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    14 - 15 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
  • 308.31
  • 153.74
  • NYSE code PWR
  • Stock Name Quanta Services
  • Sector Engineering & Construction
  • 52 Weeks High 308.31
  • 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 showcases Quanta Services's 1-year performance relative to 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

    • 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 Indicator

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

    • Current RSI of this stock is 74.52, which indicates the strength of buyers.

  • Quanta Services (NYSE: PWR) - ADX & DI Indicator

    Quanta Services stock analysis based on ADX & DI indicator
    Quanta Services - ADX & DI indicator

    • 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.

  • 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 Forcast

    Based on our swing stock trading calls, Quanta Services stock price target will be USD 320 - USD 323 in the next 14-15 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