Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
New York Stock Exchange, Inc. / Communication Services / Diversified Telecommunication Services
We assign a technical rating of 7 out of 10 to VZ. VZ has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
VZ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 45.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.72, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
37.42
We found 4 important support areas.
- A support zone ranging from 42.31 to 43.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.68 from a trend line in the weekly time frame.
- Support @38.89 from a horizontal line in the weekly time frame.
- A support zone ranging from 37.80 to 37.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Strong resistance @45.21 from a horizontal line in the daily time frame.
- A resistance zone ranging from 46.07 to 46.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.22 | 42.30 | 2.92 (6.46%) | 15.49% |
| An entry @45.22. This is a Buy Stop order right above the resistance zone. | An exit @42.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.92 points, which is 6.46%. | For a 1.00% total portfolio risk, you can invest 15.49% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.