PWR Price Prediction Next Week
Technical Analysis: PWR shows a bullish trend with RSI at 68.44, indicating strong momentum but approaching overbought territory. The stock is trading above both its 20-day moving average ($330.02) and 200-day moving average ($288.03), confirming the upward trend . The MACD of 7.03 suggests positive momentum.
Price Levels and Support/Resistance: Based on Fibonacci analysis:
- Current price: $358.03
- Key resistance: $373.22 (R2)
- First resistance: $359.40 (R1)
- Support: $314.64 (S1)
- Strong support: $300.82 (S2)
News Sentiment and Market Events:
- PWR received strong analyst ratings with a consensus "Strong Buy" rating
- The company showed impressive performance in the Industrial sector, gaining 4.7% in recent trading and up 11.87% year-to-date
- Analysts have set an average price target of $370.43, with a high estimate of $399.00
Next Week Price Prediction:
Based on technical indicators and recent momentum:
- Base case (60% probability): $365-370
- Bullish case (25% probability): $373-378
- Bearish case (15% probability): $352-357
Recommendation: BUY
Rationale:
- Strong technical momentum with price above key moving averages
- Positive analyst sentiment with multiple recent upgrades
- Strong sector performance and relative strength
- First resistance level at $359.40 likely to be broken given current momentum
- Multiple price targets from analysts above current trading level
Entry point: Current market price ($358.03) Initial target: $370 Stop loss: $352 (below recent low)
PWR Similar Chart Price Prediction
The price of PWR is predicted to go up -15.73%, based on the high correlation periods with WNC. The similarity of these two price pattern on the periods is 93.01%.
PWR
WNC
Down: -15.73%Similarity: 93.01%
PWR Revenue Forecast
PWR EPS Forecast
PWR FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
PWR VS S&P500
Quanta offers exposure to secular growth in electric transmission and distribution spending.
The company's 2021 acquisition of Blattner gives it leading capabilities in renewable EPC and positions it for adjacent growth markets, such as storage and electric vehicle charging stations.
Base business activities represent nearly 90% of Quanta's revenue, reducing its risk to large-scale project difficulties that have plagued engineering and construction firms in the past.
PWR Analyst's Forecast
Sherif El-Sabbahy
B of A Securities
Strong Buy
Price Target
$407
Upside
+13.68%
BofA analyst Sharif El-Sabbahy initiated coverage of Quanta Services with a Buy rating and $407 price target.
Jamie Cook
Truist Securities
Strong Buy
Price Target
$399 → $398
Upside
+18.39%
Joseph Osha
Guggenheim
Hold
Price Target
n/a
Upside
0%