Verizon Communications Inc (VZ) Down 0.02%, in an Uptrend Over Past 30 Days; Doji and Pin Bar Patterns Appearing on Chart

Verizon Communications Inc 4 Hour Price Update

Updated August 18, 2020 04:36 PM GMT (12:36 PM EST)

VZ traders saw its share price jump 1.13% ($0.66) over the past four hours of trading. For context, Verizon Communications Inc’s peers in the in the Communication industry are down -0.25% on average in this time, while its counterparts in the broader Communication Services sector are down by an average of -0.58%.

Verizon Communications Inc Daily Price Recap

The choppiness in the recent daily price action of Verizon Communications Inc continues; to start today, it came in at a price of 58.78 US dollars, down 0.02% ($0.01) since yesterday. This move happened on lower volume, as yesterday’s volume was down 3.94% from the day before — and down 19.1% from the same day the week before. Let’s take a look at the daily price chart of Verizon Communications Inc.


Verizon Communications Inc Technical Analysis

Volatility for Verizon Communications Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 7 out of the past 14 days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about VZ:

    $T $VZ $DIS $TMUS ….AT&T (T) now includes HBO Max in its Unlimited wireless plans. T-Mobile since 2017 has offered its subscribers “Netflix on us,” and has made the Netflix (NFLX) bundle a central part of its TV advertising. But Verizon has upped the ante by offering the full suite of Disney streaming apps, putting new pressure on the other telecoms to sweeten their bundles. (And AT&T owns HBO Max, so it’s not quite the same as Verizon’s pact with Disney, or T-Mobile’s with Netflix.)

    The bundling is beneficial to both telecom and streamer, but there is also a potential drawback: subscribers receiving the streaming app for free with their cell plan might drop off when the free trial ends. Disney Chairman Bob Iger said on an earnings call in February that 20% of Disney+ subscribers came from the Verizon bundle—will all of those subscribers stick around when their first free year is up? (Disney said earlier this month that Disney+ now has 60.5 million subscribers.)