Telecommunications giant Verizon Communications Inc. and the aerospace Lockheed Martin Corporation have demonstrated the viability of operating a 5G network using drones and satellites. This achievement is significant, holding high potential for project commercialisation, which opens up opportunities to bolster the company's revenue and break the prevailing monopoly held by SpaceX.
So, today, we decided to look at the Verizon Communications Inc (NYSE: VZ) stock chart.
On the D1 timeframe, resistance has formed at 36.37, with support at 33.32. In addition, we can see a "flag" pattern has formed in the same timeframe, which typically indicates the continuation of the upward trend.
On the H1 timeframe, the short-term target may be placed at 37.68. In the medium term, the target may hover around 42.48.
The issuer currently pays 7.2% per annum in dividends, which may interest long-term investors.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
So, today, we decided to look at the Verizon Communications Inc (NYSE: VZ) stock chart.
On the D1 timeframe, resistance has formed at 36.37, with support at 33.32. In addition, we can see a "flag" pattern has formed in the same timeframe, which typically indicates the continuation of the upward trend.
On the H1 timeframe, the short-term target may be placed at 37.68. In the medium term, the target may hover around 42.48.
The issuer currently pays 7.2% per annum in dividends, which may interest long-term investors.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.