Quanta Services Inc (PWR): Price Down $-0.73 (-0.79)% Over Past Day, Down $-1.13 (-1.21)% Over Past Hour

The Hourly View for PWR

At the moment, PWR (Get Ratings)’s price is down $-1.13 (-1.21%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Construction stocks, PWR ranks 27th in regards to today’s price percentage change.

PWR’s Technical Outlook on the Daily Chart

At the moment, PWR’s price is down $-0.73 (-0.79%) from the day prior. PWR has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows PWR’s price action over the past 90 days.

PWR

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