How Will the Market React to Quanta Services Inc (PWR) Stock Getting a Bullish Rating

Quanta Services Inc (PWR) stock is higher by 5.38% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Quanta Services Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PWR!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PWR Stock Today?

Quanta Services Inc (PWR) stock is trading at $255.39 as of 2:41 PM on Thursday, Mar 21, an increase of $5.92, or 2.37% from the previous closing price of $249.47. The stock has traded between $251.14 and $256.05 so far today. Volume today is less active than usual. So far 438,145 shares have traded compared to average volume of 930,111 shares.

More About Quanta Services Inc

Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under two reportable segments: electric power infrastructure solutions and underground utility and infrastructure solutions. In October 2021, the company completed the acquisition of Blattner, a provider of comprehensive engineering, procurement, and construction solutions to customers in the renewable energy industry. Click Here to get the full Stock Report for Quanta Services Inc stock.