Upgrade your membership to see all of the expert analysis we have published on PWR now!
Volume Higher Behind 4th Consecutive Damaging Loss - Friday, September 23, 2022
Quanta Services Inc (PWR-$6.95 or -5.12% to $128.76) slumped further below its 50-day moving average (DMA) line higher volume behind today's 4th consecutive loss. A rebound back above the 50 DMA line ($139) is needed for its outlook to improve. It will be dropped from the Featured Stocks list tonight.
PWR was highlighted in yellow with pivot point cited based on its 4/20/22 high plus 10 cents in the 7/28/22 mid-day report (read here). It has slumped since last shown in greater detail on 9/07/22 with an annotated graph under the headline, "Consolidating Near Prior Highs and Above 50-Day Moving Average".
It has a 98 Earnings Per Share Rating. Fundamentals remain strong as Jun '22 quarterly earnings rose +45% on +41% sales revenues versus the year ago period, its 4th quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
The company hails from the Building - Heavy Construction industry group which is currently ranked 97th on the 197 Industry Groups list with a Group Relative Strength Rating of 51 (C+). The number of top-rated funds owning its shares rose from 1,202 in Sep '21 to 1,530 in Jun '22, a reassuring sign concerning the I criteria. It has 143.7 million shares outstanding (S criteria).
Chart courtesy of www.stockcharts.com
Consolidating Near Prior Highs and Above 50-Day Moving Average - Wednesday, September 7, 2022
Quanta Services Inc (PWR +$2.17 or +1.55% to $142.43) has been consolidating near its pivot point. Confirming volume-driven gains for new highs would be a reassuring sign of serious institutional buying demand that could lead to a sustained and meaningful advance. Fundamentals remain strong. Its 50-day moving average (DMA) line defines important near-term support to watch.
PWR was highlighted in yellow with pivot point cited based on its 4/20/22 high plus 10 cents in the 7/28/22 mid-day report (read here). It has only slumped and then churned higher volume since last shown in greater detail on 8/16/22 with an annotated graph under the headline, "Stalled After Breakout But Still Quietly Hovering Near High".
It has a 98 Earnings Per Share Rating. Jun '22 quarterly earnings rose +45% on +41% sales revenues versus the year ago period, its 4th quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
The company hails from the Building - Heavy Construction industry group which is currently ranked 127th on the 197 Industry Groups list with a Group Relative Strength Rating of C-. The number of top-rated funds owning its shares rose from 1,202 in Sep '21 to 1,518 in Jun '22, a reassuring sign concerning the I criteria. It has 143.7 million shares outstanding (S criteria).
Chart courtesy of www.stockcharts.com
Stalled After Breakout But Still Quietly Hovering Near High - Tuesday, August 16, 2022
Quanta Services Inc (PWR -$0.54 or -0.38% to $142.43) has seen volume totals below average while recently wedging back above its pivot point since encountering some distributional pressure. Confirming volume-driven gains for new highs would be a reassuring sign of serious institutional buying demand that could lead to a sustained and meaningful advance. Fundamentals remain strong.
PWR was highlighted in yellow with pivot point cited based on its 4/20/22 high plus 10 cents in the 7/28/22 mid-day report (read here) and shown in greater detail that evening with an annotated graph under the headline, "Volume-Driven Breakout for Quanta Services". Since then, however, it stalled and has not made any headway.
It has a 98 Earnings Per Share Rating. Jun '22 quarterly earnings rose +45% on +41% sales revenues versus the year ago period, its 4th quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
The company hails from the Building - Heavy Construction industry group which is currently ranked 71st on the 197 Industry Groups list with a Group Relative Strength Rating of B. The number of top-rated funds owning its shares rose from 1,202 in Sep '21 to 1,482 in Jun '22, a reassuring sign concerning the I criteria. It has 143.7 million shares outstanding (S criteria).
It has a 98 Earnings Per Share Rating. Jun '22 quarterly earnings rose +45% on +41% sales revenues versus the year ago period, its 4th quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
The company hails from the Building - Heavy Construction industry group which is currently ranked 71st on the 197 Industry Groups list with a Group Relative Strength Rating of B. The number of top-rated funds owning its shares rose from 1,202 in Sep '21 to 1,482 in Jun '22, a reassuring sign concerning the I criteria. It has 143.7 million shares outstanding (S criteria).
Chart courtesy of www.stockcharts.com
Volume-Driven Breakout for Quanta Services - Thursday, July 28, 2022
Quanta Services Inc (PWR +$11.32 or +8.45% to $145.29) finished near the session high after highlighter in yellow with pivot point cited based on its 4/20/22 high plus 10 cents in the earlier mid-day report (read here). It gapped up today hitting a new all-time high with a big gain and strong close above the pivot point backed by +71% above average volume clinching a technical buy signal. It found support near its 200 DMA line in recent months while consolidating.
Keep in mind it is due to report Jun '22 quarterly results on 8/04/22. Volume and volatility often increase near earnings news. It has a 97 Earnings Per Share Rating. Mar '22 quarterly earnings rose +65% on +47% sales revenues versus the year ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
The company hails from the Building - Heavy Construction industry group which is currently ranked 49th on the 197 Industry Groups list with a Group Relative Strength Rating of A-. The number of top-rated funds owning its shares rose from 1,202 in Sep '21 to 1,379 in Jun '22, a reassuring sign concerning the I criteria. It has 143.7 million shares outstanding (S criteria).
Keep in mind it is due to report Jun '22 quarterly results on 8/04/22. Volume and volatility often increase near earnings news. It has a 97 Earnings Per Share Rating. Mar '22 quarterly earnings rose +65% on +47% sales revenues versus the year ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady.
The company hails from the Building - Heavy Construction industry group which is currently ranked 49th on the 197 Industry Groups list with a Group Relative Strength Rating of A-. The number of top-rated funds owning its shares rose from 1,202 in Sep '21 to 1,379 in Jun '22, a reassuring sign concerning the I criteria. It has 143.7 million shares outstanding (S criteria).
Chart courtesy of www.stockcharts.com
