Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, renewable energy, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the...
PWR is a strong stock. It has been consolidating in a rectangular formation in the last one month. It will test the all time high of 205, go below rectangle and then reach 220 by year end.
NYSE:PWR
$PWR Analysis Breakdown:
11JAN2023
Relevant News : Quanta just scored a new contract for huge construction and optic fiber placement in Colorado.
Financials : Looking at statement of Cash Flows we see Quanta is using reinvested operating income into company asset's last year to pay current debt and lower debt-equity ratio, still exited with 30+...
TRADE THE TREND
Hello everyone, 🙋🏾
Here again Romluck with a new trading idea,
The trading ideas I find are after searching and investing time.
Thanks for the like and comment.
What Are the "Swings" in Swing Trading⁉️
Swing trading tries to identify entry and exit points into a stock based on its intra-week or intra-month oscillations, between cycles of...
KIV toward bearish
- Rising wedge formation
- Price losing momentum
- Price broke trend line
Lets see. Let the set up come to us.
“The secret of happiness is freedom, the secret of freedom is courage.”
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Fundamental Indicators:
Sector – Industrials
US Business Cycle Stage – late cycle, when this sector is neutral
Revenue – consistent growth for the past 5 years, with 12% average annual rate
Profits – slight drop in 2022 TTM compared to 2021
Net margin – quite low with 3%
P/E – quite high...
Series of volatility contractions. Looks constructive. The Dow Jones Heavy Construction industry just made a multi-year and multi-decade new high.
Quanta Services is a leader in this industry.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
The PEAD projected a Bullish outlook for $PWR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 71.43%.
BEARISH
Fundamental
- Funds have been distributing
- Negative P/FCF
- Negative PEG
- Overvalued
TA
- Momentum Theory divergence on the way up ( clear sign of pump dump )
BULLISH
- Top industry
- Leader in its group
- Still within uptrend channel
* will wait for more confluences before entry trigger !
I followed a whale trade of 554 NOV 160 calls, already up 30% but I think there's plenty more for PWR to run with no overhead supply at all time highs.
Blue skies gotta buy
The whale is in the trade as of today and I can see 150/160 PT especially by NOV with this relative strength and MACD
She might need to take a breather but the recent volume upticks I will...
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $134.19
Target Price: $136.06
Stop Loss: $132.32
Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $134.27 / $132.98
Target Price: $136.25 / $135.30
Stop Loss: $130.68
Quanta Services, Inc. engages in the provision of specialty contracting services, offering infrastructure solutions to the electric power, oil and gas, and communication industries. The firm operates through the Electric Power Infrastructure Services, and Underground Utility and Infrastructure Solutions segment. The Electric Power Infrastructure Services segment...
