QUANTA SERVICES INC. - 1H - Technical analysis published on 11/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 64.17 USD
My targets
70.32 USD (+4.85%)
My analysis
The basic bullish trend is very strong on QUANTA SERVICES INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 64.17 USD. Crossing the first resistance at 70.32 USD would be a sign of a potential new surge in the price. Caution, a return to below 64.17 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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Additional analysis
Quotes
The QUANTA SERVICES INC. price is 67.07 USD. On the day, this instrument lost -0.70% with the lowest point at 66.07 USD and the highest point at 67.58 USD. The deviation from the price is +1.51% for the low point and -0.75% for the high point.66.07
67.58
67.07
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of QUANTA SERVICES INC. indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 58.93 | 60.77 | 64.17 | 67.07 | 67.32 | 70.32 |
| Change (%) | -12.14% | -9.39% | -4.32% | - | +0.37% | +4.85% |
| Change | -8.14 | -6.30 | -2.90 | - | +0.25 | +3.25 |
| Level | Minor | Major | Major | - | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.54 | 63.65 | 65.59 | 66.70 | 68.64 | 69.75 | 71.69 |
| Camarilla | 66.70 | 66.98 | 67.26 | 67.54 | 67.82 | 68.10 | 68.38 |
| Woodie | 62.97 | 63.86 | 66.02 | 66.91 | 69.07 | 69.96 | 72.12 |
| Fibonacci | 63.65 | 64.81 | 65.53 | 66.70 | 67.86 | 68.58 | 69.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.29 | 58.51 | 61.82 | 65.04 | 68.35 | 71.57 | 74.88 |
| Camarilla | 63.32 | 63.92 | 64.52 | 65.12 | 65.72 | 66.32 | 66.92 |
| Woodie | 55.33 | 58.53 | 61.86 | 65.06 | 68.39 | 71.59 | 74.92 |
| Fibonacci | 58.51 | 61.01 | 62.55 | 65.04 | 67.54 | 69.08 | 71.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.64 | 48.12 | 55.28 | 59.76 | 66.92 | 71.40 | 78.56 |
| Camarilla | 59.23 | 60.30 | 61.36 | 62.43 | 63.50 | 64.56 | 65.63 |
| Woodie | 44.97 | 48.79 | 56.61 | 60.43 | 68.25 | 72.07 | 79.89 |
| Fibonacci | 48.12 | 52.57 | 55.32 | 59.76 | 64.21 | 66.96 | 71.40 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.02 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | 6.06 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 66.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.09 | |
| Elder Ray (13): | -0.13 | |
| Super Trend (3,10): | 64.37 | |
| Zig ZAG (10): | 67.07 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 64.81 | |
| TEMA (21): | 66.88 | |
| Williams %R (14): | -23.93 | |
| Chande Momentum Oscillator (20): | 1.95 | |
| Repulse (5,40,3): | 1.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 0.84 |
| MA7: | 65.68 | |
| MA20: | 63.66 | |
| MA50: | 57.98 | |
| MA100: | 50.85 | |
| MAexp7: | 66.79 | |
| MAexp20: | 66.63 | |
| MAexp50: | 65.92 | |
| MAexp100: | 64.64 | |
| Price / MA7: | +2.12% | |
| Price / MA20: | +5.36% | |
| Price / MA50: | +15.68% | |
| Price / MA100: | +31.90% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | +1.74% | |
| Price / MAexp100: | +3.76% |
Quotes :
2020-11-12 20:59:59
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on QUANTA SERVICES INC. at the time of the analysis were as follows:
- Quanta Officially Begins Trading Under Ticker Symbol "QNTA"
- Quanta Services Reports 2018 Second Quarter Results
- Quanta Services Selected by Enbridge Pipelines for Phase 2 of the Line 3 Replacement Program in Canada
- Quanta Services Announces Second Quarter 2018 Earnings Release & Conference Call Schedule
- Quanta Services to Present at Several Institutional Investor Conferences in May and June
This member declared not having a position on this financial instrument or a related financial instrument.
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