VERIZON COMMUNICATIONS INC. - 15 min. - Technical analysis published on 09/07/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 55.23 USD
My targets
54.80 USD (-0.31%)
54.58 USD (-0.71%)
My analysis
The strong short-term decline of VERIZON COMMUNICATIONS INC. reinforces the current slightly bearish trend. As long as the price remains below 55.23 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 54.80 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 54.58 USD as an objective. Crossing it would then enable sellers to target 53.96 USD. A return to above 55.23 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.1
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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. rating is 54.97 USD. The price is lower by -0.83% since the last closing and was between 54.95 USD and 55.50 USD. This implies that the price is at +0.04% from its lowest and at -0.95% from its highest.54.95
55.50
54.97
The Central Gaps scanner detects a bearish 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.:
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 15 min. of this VERIZON COMMUNICATIONS INC. chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 53.96 | 54.58 | 54.80 | 54.97 | 55.12 | 55.42 | 55.59 |
| Change (%) | -1.84% | -0.71% | -0.31% | - | +0.27% | +0.82% | +1.13% |
| Change | -1.01 | -0.39 | -0.17 | - | +0.15 | +0.45 | +0.62 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Minor |
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 | 54.90 | 55.04 | 55.23 | 55.37 | 55.56 | 55.70 | 55.89 |
| Camarilla | 55.34 | 55.37 | 55.40 | 55.43 | 55.46 | 55.49 | 55.52 |
| Woodie | 54.94 | 55.05 | 55.27 | 55.38 | 55.60 | 55.71 | 55.93 |
| Fibonacci | 55.04 | 55.16 | 55.24 | 55.37 | 55.49 | 55.57 | 55.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.92 | 54.25 | 54.84 | 55.17 | 55.76 | 56.09 | 56.68 |
| Camarilla | 55.18 | 55.26 | 55.35 | 55.43 | 55.51 | 55.60 | 55.68 |
| Woodie | 54.05 | 54.32 | 54.97 | 55.24 | 55.89 | 56.16 | 56.81 |
| Fibonacci | 54.25 | 54.60 | 54.82 | 55.17 | 55.52 | 55.74 | 56.09 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.01 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -21.58 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 55.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.23 | |
| Elder Ray (13): | -0.13 | |
| Super Trend (3,10): | 55.27 | |
| Zig ZAG (10): | 54.98 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 6.59 | |
| TEMA (21): | 54.99 | |
| Williams %R (14): | -98.18 | |
| Chande Momentum Oscillator (20): | -0.51 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.36 |
| MA7: | 55.03 | |
| MA20: | 55.31 | |
| MA50: | 55.69 | |
| MA100: | 56.51 | |
| MAexp7: | 55.07 | |
| MAexp20: | 55.19 | |
| MAexp50: | 55.20 | |
| MAexp100: | 55.13 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.61% | |
| Price / MA50: | -1.29% | |
| Price / MA100: | -2.73% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.29% |
Quotes :
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15 min delayed data
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NYSE Stocks
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:
-
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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