Verizon Communications Inc (VZ) 2 Day Down Streak Broken, Nears 20 Day Moving Average; Pin Bar Pattern Appearing on Chart

The Hourly View for VZ

Last Updated March 2, 2021, 12:54 GMT

At the time of this writing, VZ’s price is up $0.43 (0.78%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Verizon Communications Inc Daily Price Recap

Verizon Communications Inc entered today at $55.36, up 0.11% ($0.06) from the day prior. This move happened on lower volume, as yesterday’s volume was down 14.16% from the day before — and down 1.03% from the same day the week before. The daily price chart of Verizon Communications Inc below illustrates.

VZ

Verizon Communications Inc Technical Analysis

Coming into today the current price of Verizon Communications Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 15 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to VZ:

    $AI $SPY $LMND $AAPL I love how bears try to justify their ultra low pt by saying fair market value is….blah, blah , blah. These are growth stocks not value plays so they will always carry a premium. I think those bears should go hang around $VZ or some boring stock like that if they want “fair market prices” 🤦🤦🤦

    mag20