How the (PWR) price action is used to our Advantage
December 22, 2024, 18:26 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PWR
- Buy PWR near 322.97 target 348.71 stop loss @ 322.04 Details
The technical summary data tells us to buy PWR near 322.97 with an upside target of 348.71. This data also tells us to set a stop loss @ 322.04 to protect against excessive loss in case the stock begins to move against the trade. 322.97 is the first level of support below 328.41 , and by rule, any test of support is a buy signal. In this case, support 322.97 is being tested, a buy signal would exist.
- Short PWR slightly under 348.71, target 322.97, stop loss @ 349.72 Details
The technical summary data is suggesting a short of PWR as it gets near 348.71 with a downside target of 322.97. We should have a stop loss in place at 349.72though. 348.71 is the first level of resistance above 328.41, and by rule, any test of resistance is a short signal. In this case, if resistance 348.71 is being tested, a short signal would exist.
Swing Trading Plans for PWR
- Buy PWR slightly over 339.18, target 348.71, Stop Loss @ 338.2 Details
If 339.18 begins to break higher, the technical summary data tells us to buy PWR just slightly over 339.18, with an upside target of 348.71. The data also tells us to set a stop loss @ 338.2 in case the stock turns against the trade. 339.18 is the first level of resistance above 328.41, and by rule, any break above resistance is a buy signal. In this case, 339.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PWR slightly near 339.18, target 323.43, Stop Loss @ 340.16. Details
The technical summary data is suggesting a short of PWR if it tests 339.18 with a downside target of 323.43. We should have a stop loss in place at 340.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 339.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PWR
- Buy PWR slightly over 339.18, target 348.71, Stop Loss @ 338.39 Details
If 339.18 begins to break higher, the technical summary data tells us to buy PWR just slightly over 339.18, with an upside target of 348.71. The data also tells us to set a stop loss @ 338.39 in case the stock turns against the trade. 339.18 is the first level of resistance above 328.41, and by rule, any break above resistance is a buy signal. In this case, 339.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PWR slightly near 339.18, target 327.02, Stop Loss @ 339.97. Details
The technical summary data is suggesting a short of PWR if it tests 339.18 with a downside target of 327.02. We should have a stop loss in place at 339.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 339.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Quanta Services Inc. (PWR) available here: PWR.
PWR Ratings for December 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
294.87 |
| P2 |
317.48 |
323.43 |
322.97 |
| P3 |
327.02 |
339.18 |
348.71 |
AI Generated Signals for PWR
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Quanta Services Inc. (NYSE: PWR) data table below can help you with price action, and we have more details too. Trading plans for PWR are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PWR:
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