US stocks · Sell signal, week 18
Quanta Services gains 4.2% and closes above the Inversion Point: Sell signal on the edge
Our view last week
Money flow on Quanta Services stock turns positive after 13 weeks below zero, and the week closes up 2%. In this weekly technical analysis, momentum flips positive and the MACD histogram has been rising for 3 weeks, while the daily price action shows a 3% rebound off the 20-day moving average. The short on this US stocks sell signal is still 6.6% in profit, down from 8.4% a week ago: a swing trading case to watch closely.
This week's summary
Quanta Services gains 4.2%, its second straight weekly rise, with money flow at its highest reading in 4 weeks and the MACD histogram rising for 4. In this weekly technical analysis the price action on Quanta Services stock is working against the Sell signal, and the short, 6.6% in profit a week ago, slips to 2.67%: among US stocks, a swing trading case to watch. The close and the Inversion Point, in the 669 area, have already crossed with no change of sign declared: one to watch in the coming sessions. The close has moved beyond the stop on the Inversion Point flagged in last week's card (669 area): for anyone following that level the trade is to be closed, for a +2.67% result versus entry.
IQS Phase
35
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#166 / 175
US stocks
Trade P&L %
+2.67%
from signal to date, no stop loss
Quanta Services (PWR) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 166th among the 175 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -0.28% · monthly -1.64%
PWR belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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