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. - Daily - Technical analysis published on 10/11/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 54.03 USD

My targets

51.57 USD (-1.62%)

49.94 USD (-4.73%)

My analysis

The bearish trend is currently very strong for VERIZON COMMUNICATIONS INC.. As long as the price remains below the resistance at 54.03 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 51.57 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 49.94 USD as an objective. Crossing it would then enable sellers to target 46.05 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

7.3

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

The VERIZON COMMUNICATIONS INC. price is 52.42 USD. The price is lower by -1.54% since the last closing and was between 52.41 USD and 53.29 USD. This implies that the price is at +0.02% from its lowest and at -1.63% from its highest.

52.41

53.29

52.42

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of VERIZON COMMUNICATIONS INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	46.05	49.94	51.57	52.42	54.03	55.43	56.31
Change (%)	-12.15%	-4.73%	-1.62%	-	+3.07%	+5.74%	+7.42%
Change	-6.37	-2.48	-0.85	-	+1.61	+3.01	+3.89
Level	Major	Intermediate	Minor	-	Major	Intermediate	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	52.27	52.75	53.00	53.48	53.73	54.21	54.46
Camarilla	53.04	53.11	53.17	53.24	53.31	53.37	53.44
Woodie	52.15	52.69	52.88	53.42	53.61	54.15	54.34
Fibonacci	52.75	53.03	53.20	53.48	53.76	53.93	54.21

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.09	52.17	52.70	53.78	54.31	55.39	55.92
Camarilla	52.80	52.95	53.09	53.24	53.39	53.54	53.68
Woodie	50.83	52.03	52.44	53.64	54.05	55.25	55.66
Fibonacci	52.17	52.78	53.16	53.78	54.39	54.77	55.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.01	53.00	53.51	54.50	55.01	56.00	56.51
Camarilla	53.60	53.74	53.87	54.01	54.15	54.29	54.42
Woodie	51.76	52.88	53.26	54.38	54.76	55.88	56.26
Fibonacci	53.00	53.58	53.93	54.50	55.08	55.43	56.00

Numerical data

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

Technical indicators

Moving averages

RSI (14):	25.55
MACD (12,26,9):	-0.3800
Directional Movement:	-24.42
AROON (14):	-35.71
DEMA (21):	53.68
Parabolic SAR (0,02-0,02-0,2):	54.76
Elder Ray (13):	-1.06
Super Trend (3,10):	54.61
Zig ZAG (10):	52.49
VORTEX (21):	0.8100
Stochastique (14,3,5):	2.66
TEMA (21):	53.56
Williams %R (14):	-99.37
Chande Momentum Oscillator (20):	-1.95
Repulse (5,40,3):	-3.3700
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	1.95

MA7:	53.91
MA20:	54.16
MA50:	54.80
MA100:	55.60
MAexp7:	53.62
MAexp20:	54.13
MAexp50:	54.73
MAexp100:	55.43
Price / MA7:	-2.76%
Price / MA20:	-3.21%
Price / MA50:	-4.34%
Price / MA100:	-5.72%
Price / MAexp7:	-2.24%
Price / MAexp20:	-3.16%
Price / MAexp50:	-4.22%
Price / MAexp100:	-5.43%

Quotes : - 15 min delayed data - 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:

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

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