VZ: Potential Head and ShouldersThe 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 :)
15169.56
0.00BRL
58.01 BBRL
669.18 BBRL
About VERIZON DRN ED
Sector
Industry
CEO
Hans Erik Vestberg
Website
Headquarters
New York
Employees (FY)
105.4 K
Founded
1983
ISIN
BRVERZBDR008
FIGI
BBG002H1L821
Verizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments. The Consumer segment provides consumer-focused wireless and wire line communications services and products. The Business segment offers wireless and wire line communications services and products, video and data services, corporate networking solutions, security and managed network services, local and long distance voice services, and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.
VZ tests a breakoutVZ is one of my larger holdings since I bought it as a defensive value play last year around 31$. I have been averaging heavily during the sideways channel as I believe it is a relatively place to park cash and outperform money-market while the QQQ remains overheated. This is the third attempt at a
Verizon May Be Losing its MojoVerizon Communications has rallied since late October, and some traders may think its uptrend is fading.
The first pattern on today's chart is the pair of bullish gaps on October 24 and January 23 after strong quarterly reports. Notice how prices continued higher after the initial surge, but faded
VZ long positionhi traders
After successful breakout , On 27 of October, the price retested previous downsloping resistance as a support and has started a new uptrend.
Currently the price is moving inside the ascending broadening wedge pattern.
Our strategy is to enter the long position at the upsloping support
VZ rejectionVZ rejected the golden fib. I marked two downside targets that have a fair amount of price action. If we lose the OBV trend we will likely hit both. This makes sense as VZ corrects on a major run from last year. The dividend alone outperforms money market, I expect people to flock to value this year
A Little Bearish on Verizon StockWe received two signals for Verizon stock based on the closing price on February 2, 2024 indicating the stock will likely drop over the next 6-20 days. My SAG Gauge Conservative algorithm bearish signal has occurred 211 times. A bearish signal has successfully seen the stock drop below the signal cl
VZ flirting with golden FibVZ was a great safety play for me last year entering around 30$, 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 p
Verizon Price Continuation 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 posi
Verizon's 2024 Surge: Navigating the Shake-Up
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 ac
VZ ( 85 % CHANCE OF A BEAR DAY TODAY ) 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.
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