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VERIZON COMMUNICATIONS INC.
VERIZON COMMUNICATIONS INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: VZ
ISIN:

VERIZON COMMUNICATIONS INC. - 1H - Technical analysis published on 04/02/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 57.29 USD
My targets
59.25 USD (+1.63%)
60.61 USD (+3.96%)
My analysis
The basic bullish trend is very strong on VERIZON COMMUNICATIONS INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 57.29 USD. Crossing the first resistance at 59.25 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 60.61 USD as an objective. Crossing it would then enable buyers to target 62.07 USD. Caution, a return to below 57.29 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8

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.

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

Additional analysis

Quotes

VERIZON COMMUNICATIONS INC. rating 58.30 USD. The price has increased by +0.26% since the last closing with the lowest point at 57.74 USD and the highest point at 58.39 USD. The deviation from the price is +0.97% for the low point and -0.15% for the high point.

57.74
58.39
58.30

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this VERIZON COMMUNICATIONS INC. chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 55.76 56.53 57.29 58.30 58.40 59.25 60.61
Change (%) -4.36% -3.04% -1.73% - +0.17% +1.63% +3.96%
Change -2.54 -1.77 -1.01 - +0.10 +0.95 +2.31
Level Minor Major Intermediate - Major Intermediate Major



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
Standard57.2557.4957.9058.1458.5558.7959.20
Camarilla58.1258.1858.2458.3058.3658.4258.48
Woodie57.3357.5357.9858.1858.6358.8359.28
Fibonacci57.4957.7457.9058.1458.3958.5558.79


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard54.0754.9256.5557.4059.0359.8861.51
Camarilla57.5057.7357.9558.1858.4158.6458.86
Woodie54.4655.1256.9457.6059.4260.0861.90
Fibonacci54.9255.8756.4557.4058.3558.9359.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard50.7952.6055.3757.1859.9561.7664.53
Camarilla56.8957.3157.7358.1558.5758.9959.41
Woodie51.2852.8455.8657.4260.4462.0065.02
Fibonacci52.6054.3555.4357.1858.9360.0161.76

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): 54.13
MACD (12,26,9): 0.0600
Directional Movement: -1.73
AROON (14): -57.14
DEMA (21): 58.33
Parabolic SAR (0,02-0,02-0,2): 57.82
Elder Ray (13): 0.01
Super Trend (3,10): 58.67
Zig ZAG (10): 58.30
VORTEX (21): 0.8600
Stochastique (14,3,5): 64.94
TEMA (21): 58.18
Williams %R (14): -28.03
Chande Momentum Oscillator (20): 0.12
Repulse (5,40,3): 0.1900
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.66
MA7: 58.06
MA20: 56.84
MA50: 56.14
MA100: 57.90
MAexp7: 58.24
MAexp20: 58.22
MAexp50: 57.89
MAexp100: 57.35
Price / MA7: +0.41%
Price / MA20: +2.57%
Price / MA50: +3.85%
Price / MA100: +0.69%
Price / MAexp7: +0.10%
Price / MAexp20: +0.14%
Price / MAexp50: +0.71%
Price / MAexp100: +1.66%

Quotes : 2021-04-01 19:59:59 - 15 min delayed data - NYSE Stocks

News


The last news published on VERIZON COMMUNICATIONS INC. at the time of the generation of this analysis was as follows:

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

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