Trading (PWR) With Integrated Risk Controls

February 06, 2024, 20:26 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PWR

• Buy PWR slightly over 204.68 target 222.05 stop loss @ 204.09 Details

The technical summary data tells us to buy PWR near 204.68 with an upside target of 222.05. This data also tells us to set a stop loss @ 204.09 to protect against excessive loss in case the stock begins to move against the trade. 204.68 is the first level of support below 206.11 , and by rule, any test of support is a buy signal. In this case, support 204.68 is being tested, a buy signal would exist.

• Short PWR slightly under 222.05, target 204.68, stop loss @ 222.69 Details

The technical summary data is suggesting a short of PWR as it gets near 222.05 with a downside target of 204.68. We should have a stop loss in place at 222.69though. 222.05 is the first level of resistance above 206.11, and by rule, any test of resistance is a short signal. In this case, if resistance 222.05 is being tested, a short signal would exist.

Swing Trading Plans for PWR

• Buy PWR slightly over 222.05, target n/a, Stop Loss @ 221.41 Details

If 222.05 begins to break higher, the technical summary data tells us to buy PWR just slightly over 222.05, with an upside target of n/a. The data also tells us to set a stop loss @ 221.41 in case the stock turns against the trade. 222.05 is the first level of resistance above 206.11, and by rule, any break above resistance is a buy signal. In this case, 222.05, 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 222.05, target 205.3, Stop Loss @ 222.69. Details

The technical summary data is suggesting a short of PWR if it tests 222.05 with a downside target of 205.3. We should have a stop loss in place at 222.69 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, 222.05, 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 207.44, target 222.05, Stop Loss @ 206.96 Details

If 207.44 begins to break higher, the technical summary data tells us to buy PWR just slightly over 207.44, with an upside target of 222.05. The data also tells us to set a stop loss @ 206.96 in case the stock turns against the trade. 207.44 is the first level of resistance above 206.11, and by rule, any break above resistance is a buy signal. In this case, 207.44, 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 207.44, target 205.3, Stop Loss @ 207.92. Details

The technical summary data is suggesting a short of PWR if it tests 207.44 with a downside target of 205.3. We should have a stop loss in place at 207.92 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, 207.44, 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 February 06:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	185.19
P2	203.83	198.11	204.68
P3	207.44	205.3	222.05

AI Generated Signals for PWR

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