Quanta Services: ninth week of management
Quanta Services stock (+0.7%): sellers move back in charge
Quanta Services: ninth week of management
Our view last week
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.
This week's summary
The volume picture flips again: after a week where 85% of turnover was buying, sellers make up 67% of volume this time, even though the stock still closes slightly higher, +0.7%, bouncing off the 20-day moving average in the 657 area. Momentum has nearly flattened out, though, and the ADX is losing conviction: in this week's Quanta Services stock technical analysis, the Sell signal, ninth week of management, shows the first signs of running out of steam.
IQS Phase
61
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#98 / 122
US stocks
Trade P&L %
+3.34%
from signal to date, no stop loss
Rank position
ranks 98th among the 122 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein strong phase
Performanceweekly +2.97% · monthly +2.64%
PWR belongs to the industrial sector (reference ETF XLI). The sector is classified in strong phase according to our weekly reading.
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