Verizon Communications Inc (VZ) Down 0.66%; in a Downtrend Over Past 30 Days

The Hourly View for VZ

Last Updated February 12, 2021, 12:46 GMT

Currently, VZ’s price is down $-0.1 (-0.18%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 is down 0.66% ($0.36) since yesterday, marking the 4th day in a row a decline has happened. The change in price came along side change in volume that was up 7.21% from previous day, but down 8.24% from the Thursday of last week. Below is a daily price chart of Verizon Communications Inc.

VZ

Verizon Communications Inc Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Verizon Communications Inc’s price has gone down 6 them.

Overheard Around the Web

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

    $T Better Buy: AT&T vs. T-Mobile US,
    Shares of AT&T (NYSE:T) and T-Mobile (NASDAQ:TMUS) (formally T-Mobile US), two of America's largest wireless carriers, have gone in opposite directions over the past three years.

    AT&T's stock price tumbled about 20% in that three-year stretch as it struggled with its ongoing loss of pay TV users, tough competition in the wireless market, and its costly and unwieldy takeover of Time Warner. Even after factoring in reinvested dividends, AT&T's stock delivered a negative total return of 4%.

    T-Mobile's stock price more than doubled as it pulled wireless subscribers away from AT&T and Verizon (NYSE:VZ). It also completed its merger with Sprint last April, which helped it surpass AT&T to become the country's second-largest wireless carrier after Verizon. T-Mobile doesn't pay a dividend, but it clearly impressed investors with its robust growth. $VZ $TMUS

    https://www.fool.com/investing/2021/02/11/better-buy-att-vs-t-mobile-us/

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