VERIZON COMMUNICATIONS INC. - 1H - Technical analysis published on 09/29/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 54.23 USD
My targets
55.15 USD (+0.99%)
55.43 USD (+1.50%)
My analysis
VERIZON COMMUNICATIONS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 54.23 USD. The next resistance located at 55.15 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 55.43 USD. After this resistance, buyers could then target 56.31 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VERIZON COMMUNICATIONS INC. price is 54.61 USD. The price has increased by +0.83% since the last closing and was traded between 54.09 USD and 54.65 USD over the period. The price is currently at +0.96% from its lowest and -0.07% from its highest.54.09
54.65
54.61
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this VERIZON COMMUNICATIONS INC. chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 51.57 | 53.96 | 54.23 | 54.61 | 54.80 | 55.15 | 55.43 |
| Change (%) | -5.57% | -1.19% | -0.70% | - | +0.35% | +0.99% | +1.50% |
| Change | -3.04 | -0.65 | -0.38 | - | +0.19 | +0.54 | +0.82 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.24 | 53.63 | 53.90 | 54.29 | 54.56 | 54.95 | 55.22 |
| Camarilla | 53.98 | 54.04 | 54.10 | 54.16 | 54.22 | 54.28 | 54.34 |
| Woodie | 53.17 | 53.60 | 53.83 | 54.26 | 54.49 | 54.92 | 55.15 |
| Fibonacci | 53.63 | 53.89 | 54.04 | 54.29 | 54.55 | 54.70 | 54.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.41 | 53.71 | 54.04 | 54.34 | 54.67 | 54.97 | 55.30 |
| Camarilla | 54.20 | 54.26 | 54.31 | 54.37 | 54.43 | 54.49 | 54.54 |
| Woodie | 53.43 | 53.72 | 54.06 | 54.35 | 54.69 | 54.98 | 55.32 |
| Fibonacci | 53.71 | 53.95 | 54.10 | 54.34 | 54.58 | 54.73 | 54.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.54 | 53.53 | 54.27 | 55.26 | 56.00 | 56.99 | 57.73 |
| Camarilla | 54.52 | 54.68 | 54.84 | 55.00 | 55.16 | 55.32 | 55.48 |
| Woodie | 52.41 | 53.47 | 54.14 | 55.20 | 55.87 | 56.93 | 57.60 |
| Fibonacci | 53.53 | 54.19 | 54.60 | 55.26 | 55.92 | 56.33 | 56.99 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.48 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 11.85 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 54.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.06 | |
| Elder Ray (13): | 0.25 | |
| Super Trend (3,10): | 54.14 | |
| Zig ZAG (10): | 54.65 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 84.85 | |
| TEMA (21): | 54.41 | |
| Williams %R (14): | -6.82 | |
| Chande Momentum Oscillator (20): | 0.16 | |
| Repulse (5,40,3): | 0.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.38 |
| MA7: | 54.31 | |
| MA20: | 54.54 | |
| MA50: | 55.12 | |
| MA100: | 55.95 | |
| MAexp7: | 54.44 | |
| MAexp20: | 54.38 | |
| MAexp50: | 54.39 | |
| MAexp100: | 54.48 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | -0.93% | |
| Price / MA100: | -2.39% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.40% | |
| Price / MAexp100: | +0.24% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on VERIZON COMMUNICATIONS INC. at the time of the generation of this analysis was as follows:
-
Verizon Shares Drop After Missing Quarterly Revenue Estimates
- Thinking about buying stock in Avalon GloboCare Corp., MagneGas, Square Inc., Trevena Inc. or Verizon Communications?
-
Verizon Cuts Media Jobs
-
Verizon CEO on what 5G means for consumers
- Verizon and Cat® Phones Partner to Bring the Cat® S48c Smartphone to Verizon Customers
This member declared not having a position on this financial instrument or a related financial instrument.
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