Quanta Technical Analysis (NYSE:PWR)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Quanta stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PWR stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Quanta. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Quanta stock analysis.
Quanta Moving Average
Moving averages help predict the price direction of PWR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $36.41 is above the last closing price of $35.07 and the 50 day moving average of $37.89 is above the last closing price of $35.07. The 10 and 20 day periods can predict short term moving average trends.
Quanta Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the PWR stock. Quanta bollinger bands show that the stock price is $35.07, upper band is 40.85, lower band is 31.97, and the average is 36.41.
Quanta Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Quanta MACD indicator is below 0 indicating a bearish trend.
Quanta Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 29.3 is the RSI value of PWR stock.