Quanta Services: sellers take back control
Quanta Services stock drops 6.8% as the sell signal tightens its grip again
Our view last week
Volume flips again: after a week at 67% sell-side, 74% of turnover swings back to buying this week and the stock closes up 2.1%, compressing between the daily Kumo floor, in the 687 area, and the pivot average just below, in the 683 area. In our Quanta Services stock technical analysis the Sell signal, 11 weeks into management, keeps losing edge: the ADX is easing and momentum keeps improving.
This week's summary
Volume flips again, but this time in the opposite direction from last week: after a 74% buying tilt, 96% of turnover swings back to selling and Quanta Services stock drops 6.8%, breaking its 3-week winning streak. Distribution deepens and buyers lose ground fast. In our Quanta Services stock technical analysis, the sell signal, 12 weeks into management, tightens its grip again.
IQS Phase
70
in tension
Signal Strength
58
decline starting to make lower lows
Sizing
STANDARD
Ranking
#16 / 93
US stocks
Trade P&L %
+8.02%
from signal to date, no stop loss
Rank position
ranks 16th among the 93 sell signals for US stocks in our ranking, with a signal strength of 58 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -3.36% · monthly +0.78%
PWR belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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