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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 09/29/2021 (GMT)

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  • Timeframe : 1H
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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

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

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard53.2453.6353.9054.2954.5654.9555.22
Camarilla53.9854.0454.1054.1654.2254.2854.34
Woodie53.1753.6053.8354.2654.4954.9255.15
Fibonacci53.6353.8954.0454.2954.5554.7054.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard53.4153.7154.0454.3454.6754.9755.30
Camarilla54.2054.2654.3154.3754.4354.4954.54
Woodie53.4353.7254.0654.3554.6954.9855.32
Fibonacci53.7153.9554.1054.3454.5854.7354.97


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard52.5453.5354.2755.2656.0056.9957.73
Camarilla54.5254.6854.8455.0055.1655.3255.48
Woodie52.4153.4754.1455.2055.8756.9357.60
Fibonacci53.5354.1954.6055.2655.9256.3356.99

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 : - 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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