VERIZON COMMUNICATIONS INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	VZ
ISIN:

VERIZON COMMUNICATIONS INC. - Daily - Technical analysis published on 06/24/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 56.53 USD

My targets

58.38 USD (+1.06%)

59.50 USD (+2.99%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on VERIZON COMMUNICATIONS INC. as long as the price remains well above 56.53 USD. The buyers” bullish objective is set at 58.38 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 59.50 USD. If there is any crossing, the next objective would be the resistance located at 60.65 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

VERIZON COMMUNICATIONS INC. rating 57.77 USD. The price registered an increase of +0.75% on the session and was between 57.09 USD and 57.92 USD. This implies that the price is at +1.19% from its lowest and at -0.26% from its highest.

57.09

57.92

57.77

The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by VERIZON COMMUNICATIONS INC.:

Technical

Technical analysis of this Daily chart of VERIZON COMMUNICATIONS INC. indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	54.69	55.85	56.53	57.77	58.38	59.50	60.65
Change (%)	-5.33%	-3.32%	-2.15%	-	+1.06%	+2.99%	+4.99%
Change	-3.08	-1.92	-1.24	-	+0.61	+1.73	+2.88
Level	Major	Major	Major	-	Major	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.84	56.39	56.86	57.41	57.88	58.43	58.90
Camarilla	57.06	57.15	57.25	57.34	57.43	57.53	57.62
Woodie	55.81	56.37	56.83	57.39	57.85	58.41	58.87
Fibonacci	56.39	56.78	57.02	57.41	57.80	58.04	58.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.02	54.99	56.63	57.60	59.24	60.21	61.85
Camarilla	57.56	57.80	58.04	58.28	58.52	58.76	59.00
Woodie	54.37	55.16	56.97	57.77	59.58	60.38	62.19
Fibonacci	54.99	55.98	56.60	57.60	58.59	59.21	60.21

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	52.28
MACD (12,26,9):	0.0300
Directional Movement:	-0.59
AROON (14):	64.29
DEMA (21):	57.42
Parabolic SAR (0,02-0,02-0,2):	54.67
Elder Ray (13):	0.06
Super Trend (3,10):	58.35
Zig ZAG (10):	57.77
VORTEX (21):	0.9300
Stochastique (14,3,5):	72.63
TEMA (21):	57.51
Williams %R (14):	-29.98
Chande Momentum Oscillator (20):	0.74
Repulse (5,40,3):	0.6800
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	1.62

MA7:	57.66
MA20:	57.29
MA50:	57.43
MA100:	57.17
MAexp7:	57.53
MAexp20:	57.42
MAexp50:	57.45
MAexp100:	57.21
Price / MA7:	+0.19%
Price / MA20:	+0.84%
Price / MA50:	+0.59%
Price / MA100:	+1.05%
Price / MAexp7:	+0.42%
Price / MAexp20:	+0.61%
Price / MAexp50:	+0.56%
Price / MAexp100:	+0.98%

News

Don"t forget to follow the news on VERIZON COMMUNICATIONS INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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