VERIZON COMMUNICATIONS INC (VZ) Stock Technical Analysis
USA - NYSE:VZ - US92343V1044 - Common Stock
We assign a technical rating of 1 out of 10 to VZ. VZ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, VZ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 38.89, a Stop Loss order could be placed below this zone.
More info and screens
37.42
When analyzing the support we can see 2 important areas.
- Support @38.89 from a horizontal line in the weekly time frame.
- A support zone ranging from 37.80 to 37.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @42.51 from a trend line in the daily time frame.
- A resistance zone ranging from 43.63 to 45.62. 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 | 24.53 | NEGATIVE | VZ has a low relative strength, it was outperformed by 75.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VZ is above the rising 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) | UP | MIXED | The current price of VZ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.37 | NEUTRAL | The RSI value for VZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests VZ has a positive trend. |
| Stochastics (14,3) | 51.54 | NEUTRAL | The Stochastics value for VZ is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for VZ suggests low volalility. |
| Average Directional Index/ADX (14) | 23.86 | NEUTRAL | The ADX value for VZ suggests a possible start of a new trend. |
39.85
-0.18 (-0.45%)
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 trend direction for 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 45.3696. This indicates that the stock is currently neutral.
Can you provide the short term momentum for VERIZON COMMUNICATIONS INC?
The short term momentum for VERIZON COMMUNICATIONS INC (VZ) is negative.
What is the buy/sell signal for VZ stock?
The buy/sell signal for VERIZON COMMUNICATIONS INC (VZ) is sell as both the short term and long term trends are negative.