VERIZON COMMUNICATIONS INC (VZ) Stock Technical Analysis
NYSE:VZ - New York Stock Exchange, Inc. - US92343V1044 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to VZ. Both in the recent history as in the last year, VZ has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, VZ did better than 72% of all other stocks. On top of that, VZ also shows a nice and consistent pattern of rising prices.
In the last month VZ has a been trading in the 41.34 - 44.55 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
VZ has an average volume of 22377800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
VZ is an average performer in the Diversified Telecommunication Services industry, it outperforms 59% of 33 stocks in the same industry.
VZ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VZ is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
VZ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 43.00, a Stop Loss order could be placed below this zone.
More info and screens
37.42
46.97
4 important support areas can be observed.
- A support zone ranging from 42.59 to 43.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.90 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 43.21 to 44.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for VZ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VZ is neutral. |
| ChartMill Relative Strength | 72.23 | POSITIVE | VZ has a high relative strength, it outperformed 72.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VZ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of VZ is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.17 | NEUTRAL | The RSI value for VZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests VZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.04 | NEUTRAL | The Stochastics value for VZ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for VZ suggests low volalility. |
| Average Directional Index/ADX (14) | 16.41 | NEGATIVE | The low ADX value for VZ suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 44.16 | 42.58 | 1.58 (3.58%) | 25.00% |
| An entry @44.16. This is a Buy Stop order right above the resistance zone. | An exit @42.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.58 points, which is 3.58%. | For a 0.89% total portfolio risk, you can invest 25.00% 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.
43.13
-0.62 (-1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-1.42%
1 Week-0.8%
2 Weeks-1.1%
1 Month0.75%
3 Month0.87%
6 Month-0.05%
12 Month8.53%
2 Year21.05%
3 Year-15.91%
5 Year-24.83%
10 Year-12.76%
15 Year56.72%
Volatility
ATR(14)0.73
ATR(20)%1.82%
ATR Inc-1.04%
Range Today0.77
ADR(20)0.71
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.23
Mansfield0.01
10 Day High44.55
10 Day Low42.25
20 Day High44.55
20 Day Low41.34
52 Week High47.36
52 Week Low37.59
CS1 End43
CR1 Start43.21
Volume & EV
DER(3)-2.78%
DER(5)-0.3%
Volume14.95M
Volume Incr-24.36%
Vol(5)14.27M
Vol(50)22.38M