Quanta Services Stock Technical Analysis

PWR Stock  USD 259.75  0.57  0.22%   
As of the 28th of March, Quanta Services holds the Semi Deviation of 1.16, coefficient of variation of 581.84, and Risk Adjusted Performance of 0.1025. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Quanta Services, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We are able to interpolate and break down nineteen technical drivers for Quanta Services, which can be compared to its competitors. Please check Quanta Services market risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Quanta Services is priced some-what accurately, providing market reflects its current price of 259.75 per share. Given that Quanta Services has jensen alpha of 0.063, we recommend you to check out Quanta Services's recent market performance to make sure the company can sustain itself at a future point.

Quanta Services Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Quanta, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Quanta
  
Quanta Services' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Quanta Services Analyst Consensus

Target PriceAdvice# of Analysts
222.25Strong Buy19Odds
Quanta Services current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Quanta analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Quanta stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Quanta Services, talking to its executives and customers, or listening to Quanta conference calls.
Quanta Analyst Advice Details
Quanta Services technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Quanta Services technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Quanta Services trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Quanta Services Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Quanta Services volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Quanta Services Trend Analysis

Use this graph to draw trend lines for Quanta Services. You can use it to identify possible trend reversals for Quanta Services as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Quanta Services price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Quanta Services Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Quanta Services applied against its price change over selected period. The best fit line has a slop of   1.06  , which may imply that Quanta Services will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 42861.17, which is the sum of squared deviations for the predicted Quanta Services price change compared to its average price change.

About Quanta Services Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Quanta Services on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Quanta Services based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Quanta Services price pattern first instead of the macroeconomic environment surrounding Quanta Services. By analyzing Quanta Services's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Quanta Services's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Quanta Services specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio33.2341.6342.0834.12
Short Term Coverage Ratios5.4210.132.572.44

Quanta Services March 28, 2024 Technical Indicators

Most technical analysis of Quanta help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Quanta from various momentum indicators to cycle indicators. When you analyze Quanta charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Quanta Services March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Quanta stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Quanta Services is a strong investment it is important to analyze Quanta Services' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Quanta Services' future performance. For an informed investment choice regarding Quanta Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quanta Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
To learn how to invest in Quanta Stock, please use our How to Invest in Quanta Services guide.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for Quanta Stock analysis

When running Quanta Services' price analysis, check to measure Quanta Services' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quanta Services is operating at the current time. Most of Quanta Services' value examination focuses on studying past and present price action to predict the probability of Quanta Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanta Services' price. Additionally, you may evaluate how the addition of Quanta Services to your portfolios can decrease your overall portfolio volatility.
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Is Quanta Services' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Quanta Services. If investors know Quanta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Quanta Services listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.281
Dividend Share
0.33
Earnings Share
5
Revenue Per Share
143.795
Quarterly Revenue Growth
0.31
The market value of Quanta Services is measured differently than its book value, which is the value of Quanta that is recorded on the company's balance sheet. Investors also form their own opinion of Quanta Services' value that differs from its market value or its book value, called intrinsic value, which is Quanta Services' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Quanta Services' market value can be influenced by many factors that don't directly affect Quanta Services' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Quanta Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanta Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanta Services' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.