Verizon (VZ) Price Near $57.05; in a Downtrend Over Past 30 Days, Price Base in Formation Over Past 90 Days, Heads Down For the 4th Straight Day

The Hourly View for VZ

Last Updated January 13, 2021, 23:22 GMT

At the moment, Verizon’s price is down $-0.3 (-0.53%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 closed yesterday down 0.35% ($0.2); this denotes the 4th straight day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 44.57% from the day prior, and up 75.81% from the same day the week before. Let’s take a look at the daily price chart of Verizon Communications Inc.

VZ

Verizon Communications Inc Technical Analysis

Coming into today the current price of Verizon Communications Inc is sitting close to its 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Verizon Communications Inc’s price has gone down 18 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

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

    $GSAT There no reason this can't be $3 – $4 by the end of the week. Then $VZ and $T will certainly realize the asset value here. PLUS with the C-Band auction winding down, they will be released from the FCC quiet period. This chart will end up looking like $FCEL

    FiveG