Quanta Services, Sell signal under management for 13 weeks
Quanta Services stock drops 5.7% and its Sell signal accelerates for a second straight week
Our view last week
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.
This week's summary
Quanta Services' Sell signal has been under management for 13 weeks, with the short now more than 13% in profit. The week just closed shed another 5.7%, right after -6.8% the week before: two red weeks in a row, with 94% of volume on the sell side. Money flow slid even lower, to fresh 10-week lows, while the ADX keeps losing conviction. The price action confirms it: sellers extremely dominant, a distribution phase underway.
IQS Phase
83
in tension / maturity
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#1 / 96
US stocks
Trade P&L %
+13.29%
from signal to date, no stop loss
Rank position
ranks 1st among the 96 sell signals for US stocks in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -1.73% · monthly +0.27%
PWR belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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