NYSE trade advice (A): US utility infrastructure stock | 5-7% gain | USA stock trading signal on 8 Oct 2024

Stock Market
NYSE, United States of America

Target hit. Trade closed.

11 days
23 Oct 2024
8 Oct 2024
Loss per
100,000 USD
11 days
-2,381
Stop-loss
23 Oct 2024
123
Buy Advice
8 Oct 2024
126 – 128.5
Target 1
135
Target 2
137
Profit per
100,000 USD
-2,381
123
126 – 128.5
135
137
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • MasTec
  • 126 – 128.5
  • 135 – 137
  • Below 123
  • 5% – 7%
  • 12 - 14 Days
  • Buy MasTec
  • Buy
    Range
    126 – 128.5
  • Target 135 – 137
  • Stoploss Below 123
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    MasTec (NYSE: MTZ) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • MTZ
  • MasTec
  • Utility Infrastructure
  • 130.15
  • 44.65
  • NYSE code MTZ
  • Stock Name MasTec
  • Sector Utility Infrastructure
  • 52 Weeks High 130.15
  • 52 Weeks Low 44.65
  • Company profile

    MasTec, Inc. is an infrastructure construction company that offers engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure in the United States and Canada. The company operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other. It builds infrastructure for wireless and wireline/fiber communications, clean energy infrastructure, pipeline infrastructure, power delivery services, industrial and heavy civil infrastructure, and water infrastructure. It also installs electrical and gas distribution and transmission systems, power generation, civil and industrial facilities, pipelines, and fiber optic cables. MasTec also provides maintenance and upgrade support services, including service restoration for natural disasters and accidents, and routine replacements and upgrades. The company’s customers include wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, public and private energy providers, pipeline operators, civil and industrial infrastructure providers, and government entities. MasTec, Inc. was founded in 1929 and is headquartered in Coral Gables, Florida.

  • MasTec (NYSE: MTZ) vs NYSE - Relative Strength Comparison

    The image highlights MasTec's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    MTZ —   NYSE —

  • MasTec (NYSE: MTZ) - Technical Analysis (Daily)

    MasTec - Technical Analysis chart on Daily Price and Volume
    MasTec - Technical Analysis chart on Daily Price and Volume

    • The stock price faced significant resistance around the 124 level, resulted in a steep decline to the 45 level.
    • Subsequently, the stock embarked on an upward trajectory, and after an extended period, it successfully surpassed its resistance level.
    • Recently, a Pole & Flag pattern appeared on the chart, and the price achieved a successful breakout, allowing for the continuation of its upward movement.
  • MasTec (NYSE: MTZ) - RSI Indicator

    MasTec Stock analysis based on RSI indicator
    MasTec - RSI Indicator

    • Current RSI of this stock is 72.57, which indicates the strength of buyers.

  • MasTec (NYSE: MTZ) - MACD Indicator

    MasTec stock analysis based on MACD indicator
    MasTec - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • MasTec (NYSE: MTZ) - ADX & DI Indicator

    MasTec stock analysis based on ADX & DI indicator
    MasTec - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Conclusion - MasTec (NYSE: MTZ) Stock Price Forcast

    Based on our swing stock trading advisory in USA, MasTec stock price target will be USD 135 - USD 137 in the next 12-14 trading sessions.

  • Share with
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Join Our Telegram Channel for US Stock Market Update

    USA Stock Analysis

    The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe.
    Maximize your return with our precise trading advice on the USA stock exchange! We recommend an technology stock poised for
    Get expert short-term trading advice for the USA stock exchange. This energy stock is projected to deliver 5%-6% returns in
    Short Term Trading Alert: This Consumer Discretionary stock has the upside potential of 5-6% in 14-15 trading days. Swing Trading
    Short Term Trading Advice: Qualcomm Inc (NASDAQ - QCOM) has the upside potential of 5-6% in 14-15 trading days

    Join Our Telegram Channel for Saudi Stock Market Update

    Saudi Stock Analysis

    Maximize your return with our precise trading advice on Saudi stock exchange Tadawul! We recommend buying Arabian Pipes (Tadawul 2200)
    Short Term Trading Alert: This Saudi health care equipment stock has the upside potential of 8-10% in 12-14 trading days.
    Get expert short-term trading advice for the Saudi stock exchange Tadawul. Buy Etihad Atheeb Telecom (Tadawul 7040) for 13%-16% returns
    Short term trading advice for Shariah compliant Tadawul stocks. Buy Riyadh Cables Group (Tadawul 4142) with potential for 15-17% returns
    Maximize your trading returns in Saudi stock exchange Tadawul! Discover a shariah halal materials sector stock having 7-9% gains in
    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website