VERIZON COMMUNICATIONS INC (VZA) Stock Technical Analysis
NYSE:VZA - New York Stock Exchange, Inc. -
Overall VZA gets a technical rating of 1 out of 10. VZA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
VZA has a bad technical rating, but it does show 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 25.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.09, a Stop Loss order could be placed below this zone.
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24.75
When analyzing the support we notice one important area.
- A support zone ranging from 25.00 to 25.09. 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 25.13 to 25.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.82 to 25.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 27.19 to 27.19. 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 VZA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VZA is down. |
| ChartMill Relative Strength | 33.88 | NEUTRAL | VZA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VZA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of VZA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VZA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.76 | NEUTRAL | The RSI value for VZA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests VZA has a positive trend. |
| Stochastics (14,3) | 62.96 | NEUTRAL | The Stochastics value for VZA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.28 | LOW VOLATILITY | The low ATR as a percentage value for VZA suggests low volalility. |
NYSE:VZA (3/8/2019, 8:28:00 PM)
25.1
0 (0%)