The recent drawback on VZ sets it up for a potential head and shoulders and a trend reversal.
I will be watching for pattern completion before entering a position :)
VZ is one of my larger holdings since I bought it as a defensive value play last year around 31$. I have been averaging heavily during the sideways channel as I believe it is a relatively place to park cash and outperform money-market while the QQQ remains overheated. This is the third attempt at a breakout and confirmation of continued upward...
Verizon Communications has rallied since late October, and some traders may think its uptrend is fading.
The first pattern on today's chart is the pair of bullish gaps on October 24 and January 23 after strong quarterly reports. Notice how prices continued higher after the initial surge, but faded after the second move. That may suggest improved fundamentals are...
hi traders
After successful breakout , On 27 of October, the price retested previous downsloping resistance as a support and has started a new uptrend.
Currently the price is moving inside the ascending broadening wedge pattern.
Our strategy is to enter the long position at the upsloping support (blue trendline).
Target for longs: 42,57 $
If the price breaks...
VZ rejected the golden fib. I marked two downside targets that have a fair amount of price action. If we lose the OBV trend we will likely hit both. This makes sense as VZ corrects on a major run from last year. The dividend alone outperforms money market, I expect people to flock to value this year as tech is way overheated and rates will eventually drop.
We received two signals for Verizon stock based on the closing price on February 2, 2024 indicating the stock will likely drop over the next 6-20 days. My SAG Gauge Conservative algorithm bearish signal has occurred 211 times. A bearish signal has successfully seen the stock drop below the signal closing price over the next 10 trading days 95.7% of the time. The...
VZ was a great safety play for me last year entering around 30$, I use the golden fibs are long-term momentum indicators. If VZ can break this area I expect a nice run to fair value over the next year 55-60$. Entering around 30$ and capturing the dividend for 1.5-2 years will be an excellent value play to anchor portfolios.
Price has passed the 50 day and 100 day sma
Volume near ma volume
Macd bullish
rsi bullish
DMI, +DI recent cross with adx and -DI. bullish
+DI trending up, -DI trending down
ADL and PVT in line with price action, supporting trend
Bullish Divergent ROC and CMF
Momentum Acceleration: The positive progression in ROC suggests an acceleration in momentum,...
Verizon Communications ( NYSE:VZ ) recently unveiled its fourth-quarter earnings report, showcasing a resilient performance despite a 9% dip in adjusted earnings to $1.08 per share. However, the company met Wall Street estimates, sparking a positive market response as VZ stock rose. The standout achievement was the robust growth in wireless subscriber additions,...
I am not a fan of technical analysis. I like to find patterns in the underlying stock data. My program which runs out of trading view scans the options chain and bid ask spreads to find patterns. I use a Markov trading model which gives the bear and bull propbabilites of every stock in the SP500.
Todays picks :
VZ 85% BEAR DAY
TMUS 77% BEAR DAY
If you'd...
We do not need to say much about Verizon. It is a good company with attractive dividends, and stable financial statements apart from the concerning spike in its debt/equity ratio in the past two years.
A single cut in interest rate will be a catalyst in a 2024 bull run.
We will be adding Verizon to our portfolio.
Verizon Communications (NYSE: NYSE:VZ ) has been a stalwart in the telecommunications industry, consistently attracting income-oriented investors due to its reliable dividends. However, recent performance indicates a struggle to keep pace with broader market indices. We'll explore the various factors influencing Verizon's stock, from management changes to the...
Here is my analysis on $NYSE:VZ. Please feel free to comment, like, or share this post.
I pray you and your family have a blessed upcoming New Year. And I hope this post helped you in some way!
Galations 2:20
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
It is clear that institutions are taking profit on VZ which was extremely undervalued a few months ago. This is my top single-stock value holding currently, I averaged in around the lows and plan on holding it until 55 UPCOM:ISH dollars however long that takes. I think the stock corrects to as far as the red dashed line, there is decent support there. Morning...
VZ is my largest single holding for the long-term account for a variety of reasons that I have slowly discussed through these charts over the months. This uptrend has provided some multiple expansion alongside the ~8% dividend which heavily outperforms money market currently. The emas are starting to curl upward alongside a rising weekly RSI. The dashed green is...
![VZ: [Positional] Verizon Buy Idea](https://s3.tradingview.com/y/YuC2mChE_mid.png "[Positional] Verizon Buy Idea")
