VERIZON COMMUNICATIONS INC (VZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VZ - US92343V1044 - Common Stock
Overall VZ gets a technical rating of 1 out of 10. VZ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- VZ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VZ is lagging the market slightly.
- In the last month VZ has a been trading in the 10.60 - 40.96 range, which is quite wide. It is currently trading near the high of this range.
- VZ has an average volume of 25876400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, VZ outperforms 44% of them, which is more or less in line with the market.
- VZ is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry, VZ did better than 61% of them.
VZ has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 39.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.47, a Stop Loss order could be placed below this zone.
More info and screens
37.42
When analyzing the support we notice one important area.
- A support zone ranging from 37.80 to 39.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 39.96 to 40.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.95 from a trend line in the weekly time frame.
- A resistance zone ranging from 44.15 to 45.07. 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 | DOWN | NEGATIVE | The long term trend for VZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VZ is down. |
| ChartMill Relative Strength | 44.28 | NEUTRAL | VZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.95 | NEUTRAL | The RSI value for VZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests VZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.14 | OVERBOUGHT | The high Stochastics value suggests VZ may be overbought. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for VZ suggests high volalility. |
| Average Directional Index/ADX (14) | 53.95 | POSITIVE | The high ADX value value for VZ suggests a strong trend. |
39.52
+0.04 (+0.1%)
VERIZON COMMUNICATIONS INC / VZ FAQ
What is the technical rating for VZ stock?
ChartMill assigns a technical rating of 1 / 10 to VZ.
What is the current trend direction of VERIZON COMMUNICATIONS INC (VZ) stock?
The current trend direction for VERIZON COMMUNICATIONS INC (VZ) is Bearish.
Can you provide the RSI signal for VERIZON COMMUNICATIONS INC?
VERIZON COMMUNICATIONS INC (VZ) has an RSI value of 44.9509. This indicates that the stock is currently neutral.
What is the short term momentum for VERIZON COMMUNICATIONS INC (VZ) stock?
The short term momentum for VERIZON COMMUNICATIONS INC (VZ) is negative.
What is the buy/sell signal for VERIZON COMMUNICATIONS INC (VZ) stock?
The buy/sell signal for VERIZON COMMUNICATIONS INC (VZ) is sell as both the short term and long term trends are negative.