NYSE trade advice (B): US engineering & construction stock | 7-8% gain | USA stock trading idea on 07 May 2024

Stock Market
NYSE, United States of America

Target hit. Trade closed.

7 May 2024
24 May 2024
24 May 2024
13 days
Loss per
100,000 USD
Stop-loss
254
Buy Advice
7 May 2024
264 – 269
Target 1
24 May 2024
284
Target 2
24 May 2024
288
Profit per
100,000 USD
13 days
8,322
254
264 – 269
284
288
8,322
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Quanta Services
  • 264 – 269
  • 284 – 288
  • Below 254
  • 7% – 8%
  • 12 - 14 Days
  • Buy Quanta Services
  • Buy
    Range
    264 – 269
  • Target 284 – 288
  • Stoploss Below 254
  • Upside
    Potential
    7% – 8%
  • 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.

    Quanta Services (NYSE: PWR) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • PWR
  • Quanta Services
  • Engineering & Construction
  • 265.82
  • 153.74
  • NYSE code PWR
  • Stock Name Quanta Services
  • Sector Engineering & Construction
  • 52 Weeks High 265.82
  • 52 Weeks Low 153.74
  • Company profile

    Quanta Services, Inc. engages in the provision of comprehensive infrastructure solutions to the electric power, oil and gas, communication, pipeline, and energy industries. It operates through the following segments: Electric Power, Renewable Energy, and Underground and Infrastructure. The Electric Power segment provides services for the electric power and communications markets. The Renewable Energy segment is involved in providing infrastructure solutions to customers involved in the renewable energy industry. The Underground and Infrastructure segment offers infrastructure solutions to customers involved in the transportation, distribution, storage, development, and processing of natural gas, oil, and other products. The company was founded by Kevin D. Miller, Steven P. Colmar, William G. Parkhouse, and John R. Colson on August 19, 1997 and is headquartered in Houston, TX.

  • Quanta Services (NYSE: PWR) vs NYSE - Relative Strength Comparison

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

  • Quanta Services (NYSE: PWR) - Technical Analysis (Daily)

    Quanta Services - Technical Analysis chart on Daily Price and Volume
    Quanta Services - Technical Analysis chart on Daily Price and Volume

    • In the deep consolidation phase, price has formed a Cup & Handle pattern, which is a bullish pattern.
    • With a huge gap up, price broke the resistance level.
    • After that the price has given a upside move and reached to its All Time High at near 266 level.
    • With a short pull back, price again started moving upside.
    • Recently with a breakout, supported by the volume, it is expected that the price may continue its upmove.
  • Quanta Services (NYSE: PWR) - RSI Indicator

    Quanta Services stock analysis based on RSI Indicator
    Quanta Services - RSI Indicator

    • Current RSI of this stock is 67.49, which indicates the strength of buyers.

  • Quanta Services (NYSE: PWR) - MACD Indicator

    Quanta Services stock analysis based on MACD Indicator
    Quanta Services - MACD Indicator

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

  • Quanta Services (NYSE: PWR) - EMA Crossover

    Quanta Services stock analysis based on EMA Crossover
    Quanta Services - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Quanta Services (NYSE: PWR) Stock Price Forcast

    Based on our daily trading signals for NYSE stocks, Quanta Services stock price target will be USD 284 - USD 288 in the next 12-14 trading sessions.

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