VZ - Bounce from RTS & Breakout from consolidationNYSE:VZ - Verizon touched Resistance Turned Support (RTS) and broke above downtrendline. Formed 2x Highs.
RSI managed to bounce on 50 , making higher low , indication of upside movement.
VZ trade ideas
$VZ with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $VZ after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
VZ Going for a swing trade on $VZ , no time frame. Verizon and 5G towers have no new competition, people need to communicate. Only derivative of smart phones coming out is crypto native Solanas saga web3 phone , which will take awhile for mass adoption and that's if it even succeeds. looking for sure things to store fiat in other then gold.
Bull flag pattern VZ is setting up for a nice bull flag that could surely take us higher. As long as the pattern and all supports are respected I think this will be a good trade to take.
Verizon Coomunications $VZI am looking for a pull back to get in. This is my set up at the moment.
Entry; $39.40
S/L; $41.18
TP1; $41.18
TP2; $43.85
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
Is Verizon Bouncing For Good?NYSE:VZ is bouncing back from the double top target.
it has a target of $ 35.70 and it has been touched on October 2022.
The weekly chart stochastic has been successfully break out from value 50 for a consecutive week.
In 4H Chart, the formation of the candle is forming a Ascending Triangle with Upper Breakout which indicate a Short Term Bullish Reversal with neckline at $ 39.38 - $39.85 (as our new support).
I think it is worth to wait on its neckline for entry, since the stochastic also indicate a oversold area where %K line Crossing Up %D line several time.
Or, you can use EMA200 value for your entry position with stop loss at $ 38.59 (last swing support at $ 38.62 - avoid setting stop loss at psychological price at $ 38.60).
or When Stochastic %K Line is crossing down 50 you may exit from a long position.
For your additional information, you may check big ETF Communication Sector and you can see that this sector has been dropped quite significant since last year.
Disclaimer is always on.
Your Trade, Your Risk.
I do not have any possession in NYSE:VZ stock in my current portfolio.
Verizon (VZ) bullish scenario:The technical figure Triangle can be found in the daily chart in the US company Verizon Communications Inc. (VZ). Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. Verizon's mobile network is the largest wireless carrier in the United States, with 120.9 million subscribers as of the end of Q4 2020. The Triangle broke through the resistance line on 23/12/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 29 days towards 40.32 USD. Your stop-loss order, according to experts, should be placed at 36.58 USD if you decide to enter this position.
Verizon is expected to post earnings of $1.21 per share for the current quarter, representing a year-over-year change of -7.6%.
For the current fiscal year, the consensus earnings estimate of $5.18 points to a change of -3.9% from the prior year. Over the last 30 days, this estimate has changed -0.1%.
For the next fiscal year, the consensus earnings estimate of $5.05 indicates a change of -2.6% from what Verizon is expected to report a year ago. Over the past month, the estimate has changed -1%.
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Bottom FishingSymmetrical triangle.
Several bear flags on the descent down.
Dividend is 6.88%
ATL 9.72. ATH 69.50
5 year low 34.55.
As a rule this stock is not volatile but VZ has been hit hard.
No recommendation
Verizon ONLY UPVerizon is the most bullish chart, 30 years of trend line support. most indicators show this is bottom.
ONLY UP
VZ longVerizon Communications Inc. long position
Entry: $37.55
Take profit: $42.85
Stop loss: $35.13
Risk/reward: 2.19
VZ wave 4 of wave C correctionVZ wave 4 of wave C correction I feel we will see around 40 for wave 4, then wave 5 down to $33 and can grow from there.
VZ: Further downside expected?!Verizon Communications Inc.
Intraday - We look to Sell at 38.68 (stop at 41.29)
The primary trend remains bearish. Trading within the Wedge formation. Prices expected to stall near trend line resistance. Preferred trade is to sell into rallies.
Our profit targets will be 31.18 and 28.00
Resistance: 39.00 / 48.00 / 55.00
Support: 35.00 / 25.00 / 17.00
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$VZ with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $VZ after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
VZ bullish hammer at the bottom of Mean Reversion ChannelOrder BUY VZ NYSE Stop 35.82 LMT 35.82 will be automatically canceled at 20230401 01:00:00 EST
VZ bullish hammer at the bottom of Mean Reversion Channel beautiful volume, weekly chart confluence, not much in our way all the way up to MA 100 except for local trend.
Stop loss below buying zone of support conservative, take profit at MA 100. 1.56R
VZ daily bearish hammerVZ daily bearish hammer so down but will take it in consideration of Friday's events.
VZ daily bullish hammer wave 4 of downtrendOrder BUY VZ NYSE Stop 39.72 LMT 39.72 will be automatically canceled at 20230401 01:00:00 EST
VZ daily bullish hammer wave 4 of downtrend closing above local trendline. Expect push into 50% Fibopnacci retracement. Countertrend and earnings are close. Super quick.
VZ-Sitting at critical supportOn August 15th it became known that Berkshire Hathaway dumped its Verizon Communications, Inc. position and since then the stock has lost about 13.5%. While I do see this as an overall headwind for the stock it could be due for a bounce and looking over the monthly chart IF a bounce was to occur it would in the $39 area as we are about to test a very long term trend line. Typically a 3rd hit of a non-horizontal trend line will usually hold but I will not bag hold this position given the overall market weakness right now.
SL-38.50
VZ seems to have a strong bounce from its low.$VZ seems to have bottomed and tested the lows and has reversed with so much strength. We could see 44 at the end of October or earlier.
Is this the time to buy?-Stable ROIC
-Profitable,with high margins
-Increasing revenues
These are key metrics for future upside potential,regardless of current price action.
VZ at 10 year support zone! 👀bounce from here is most likely scenario since support held for so long, but if we break below puts/shorting in general can payout big!
better to wait for clear trigger, watching for more downside below 40.50/long trigger is 46.37
VZVerizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. 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 Price Should Gravitate Towards Diluted EPS UptrendAn uptrend in diluted EPS (earnings per share) is overlaid on top of price and is indicated by the teal trend channel which price also follows. Price has dropped outside of this channel and can be considered out of place, needing to rise to get back in line with actual company performance.
Auxiliary arguments:
Price is at bottom of long-term price range.
PE ratio is at bottom of long-term range, excluding low period in 2018
Volume profile going back to 1996 shows air pocket below current price level
5.76% dividend yield
Price is at 200-month sma
Trade thoughts:
Timing has not been considered so this is not an options play.
Buy shares around $44 with a stop at $39.60 and price target of $60.99 for an intermediate-term (1-3 months maybe) swing trade or hold on as an investment.
Verizon... is not in the zone. VZAnyway, we are shorting it.
Goals49. One only.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
