Eighth week managing the Sell signal
Quanta Services (PWR) rebounds 6.6% as the decline loses its stride
Eighth week managing the Sell signal
Our view last week
On Quanta Services sellers were almost absolute this week - 96% of volume - yet the stock gave up just 0.4%, an odd mismatch that frames today's read. The sell signal has been under management for its seventh week, with the short up more than 9%. On the daily chart the double bottom holds, with an 8% intermediate rebound, and earnings land this very week. Quanta Services stock stays one to watch closely.
This week's summary
The volume picture flips: after a week where sellers made up 96% of turnover and the stock barely moved, down just 0.4%, this time 85% of volume comes in on the buy side and the stock gains 6.6%, bouncing off the 20-day moving average, in the 644 area. Quanta Services stock stays inside its Sell signal, eighth week of management, but the ADX is losing conviction and money flow, still negative, has eased. This week's technical analysis catches the first signs of fatigue in the decline.
IQS Phase
78
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#127 / 138
US stocks
Trade P&L %
+3.99%
from signal to date, no stop loss
Rank position
ranks 127th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
PWR belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content