Quanta Services, fresh sell signal — but a divided picture

Quanta Services delivers a fresh sell signal in its first week, ranking 104th among 114 US sell signals. The week closed with minimal decline — indecision — but the weekly structure remains bearish and the quality band flags trading as not recommended: the stock still sits 113% above its 200-week moving average. On the daily chart, a double bottom forming in the 670 area adds a complicating layer.