VZ - What to look for & Current StatusPrice is in a strong downtrend.
Momentum is pulling it down.
However, the tail wick of this the Months
candlestick has pulled back up to the support line.
This could mean we have found a support in this
price range. Look for the channel to break and
possible sideways action for the big boys to
accumulate shares. May rise slightly or fall
slightly, but generally, sideways action; unless
price pulls up. I see the 47 area as a good possible bounce area, but if fails then the 43 area is a good area of solid support.
VZ
VerizonLooks like we are at a support that's backdated towards last Spring. I buy your tears GANG. I want a retracement of the previous high on the daily where we have strong resistance since November of 2018. We are oversold on the Macd on the weekly timeframe as well as the weekly. AsJay-z would say...."What More Can I Say?"
Post 10/20 Q3 FY21' Earnings Analysis $TSLA, $VZ, $IBM, $NDAQ
$TSLA closed up ~+1.5% after reporting revenue that fell short of estimates - profit beat Q3 projections, despite a semiconductor shortage and supply-chain challenges that have troubled automakers
$VZ gained +2.4% yesterday following better-than-expected earnings numbers and a lower-than-expected customer churn rate, showing continuous growth
$IBM fell (5%+) in extended trading after missing revenue expectations and showing a decrease in gross margin vs. Q2 - also said that increased labor costs will be impacting their pricing in the future
$NDAQ posted beats on both EPS and Revenue for the 4th straight quarter - largely thanks to strong performances by both the Solutions and Market Services businesses
More drops for Verizon. Oh my! VZBroke floor, heading for lower lows. Fibonacci shows us some favorable goals. Bearish in a nutshell.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
VZ $65 PT printing ascending channel Verizon is well-positioned for the increasing consumer demand for better networks and services as the company continues implementing its 5G technology, which could be a catalyst putting the company back on the growth path.5G subscriptions are expected to reach 3 billion subscriptions worldwide by 2025. Moreover, the fifth-generation connectivity is expected to drive the market growth of Artificial Intelligence and the Internet of Things (IoT). Internet connectivity is expected to show a fast speed with very low latency.A recent study expects explosive growth in 5G wireless subscriptions in the U.S. over the coming years. The study reads The number of US 5G mobile service subscriptions will increase 161.4% to 41.3 million in 2021, with growth expected to continue at tremendous rates for several years. Great time to get in technically as the VZ is in a clear ascending triangle within a larger ascending channel which has been in play for over a year. Given we are at the lower range of this channel I believe its a great time to pick up some VZ which has proven to be a safe stock that does well in times of uncertainty relative to the market as a whole, and can help bring your portfolio's beta or volatility down.
$VZ Chart IdeasThis is a less obvious one, I try not to over-complicate things which is why I am bullish. Since trading is human psychology I am sticking with the simple bullish play instead of the multi-scenario bearish play of which I only charted one here. The other main one is a bounce off the upper support and re-test breakout.
Sector early indicator? Telecommunications - not much at all.The Telecommunications sector - here represented by AT&T (T, in teal) and Verizon (VZ, in pink), - does not often clearly act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks in Jul 1999, then a prolonged period around two years of weak underperforming prices from 2013-2015, and then another prolonged period of around ten months of weak underperforming prices in 2017, and a period of around two months of weak underperforming prices from Nov 2019.
VERIZON VZ : DETAILED FUNDAMENTAL ANALYSIS | SHORT VIEW ⭐️Despite the fact that VZ stock has consistently lagged behind the S&P 500, it is still a stock of interest to income-oriented investors because of its dividend yield. Nonetheless, if 5G wireless services once again lead to revenue and earnings growth, Verizon stock could become much more attractive.
The problem is that competition in the 5G wireless market is foreseen to strengthen. T-Mobile US's acquisition of Sprint has formed a more robust contender for Verizon Communications and AT&T. T-Mobile owns the most radio spectrum for 5G wireless services.
Moreover, AT&T lately decided to merge its WarnerMedia division with Discovery. As a result, a reduced AT&T is assumed to have more funds to invest in 5G wireless technology and fiber services.
VZ on May 3 sold 90 percent of its media and advertising business to Apollo Global Management for $5 billion. The deal is planned to conclude by the end of this year.
Besides, Verizon stock was the top bidder in the recent state auction of the mid-band radio spectrum. Verizon spent $53 billion, including incentive payments to satellite operators and clearing costs. This spending will postpone the VZ stock buyback for several years.
At its March 10 investor day, Verizon said it expects revenue growth of 4% or more in 2024 as the company expands 5G wireless services. The company forecasts revenue growth of 2 percent in 2021, the same as its previous forecast. The company says that growth will increase to 3% in 2022 and 2023.
Now that Verizon owns enough 5G midrange spectrum, network development will be pivotal. Verizon plans to reach 175 million users by the end of 2022 with 5G services based on a medium-frequency spectrum that delivers faster data speeds.
Also, Verizon stated that 5G mobile services will lead more consumers to switch to unlimited monthly plans. Currently, 61 percent of subscribers have unlimited data plans, up from 40 percent three years ago.
Verizon also told analysts that it plans to use a 5G mid-band spectrum to provide fixed broadband services in homes. Currently, cable TV companies dominate residential broadband.
The telecom company said its fixed broadband service will reach 30 million homes by the end of 2023.
The management awaits 5G business services to expand next year. The company is investing in "mobile computing centers" that provide private 5G business services.
The telecommunications company plans to spend another $10 billion over the next three years to build a 5G wireless network infrastructure. That's about $3.3 billion a year. That's in addition to the $18 billion a year the company already spends to maintain its entire network. Some of that money is already earmarked for 5G.
Verizon and rival telecommunications company AT&T are seen as defensive stocks because of their high dividends. Verizon stock, a component of the Dow, pays a 4.6 percent dividend.
Verizon has less debt than AT&T, which acquired media giant Time Warner and previously satellite TV company DirecTV. Although Verizon has avoided major acquisitions, its attempt to enter the media business by acquiring AOL and Yahoo was ultimately a failure. In 2018, the company wrote off the value of its media business, called Oath, to the tune of $4.6 billion.
New York-based Verizon has partnered with Walt Disney on streaming video. In August, Disney and Verizon expanded their streaming partnership to include Hulu and ESPN+. Verizon is also partnering with Apple Music and sports leagues.
Verizon is much more exposed to the U.S. wireless market than rival telecommunications company AT&T. Verizon derives nearly 85% of its adjusted profits from its wireless business.
The company has reduced debt since it bought Vodafone Group's 45% stake in the wireless joint venture for $130 billion in early 2014.
In addition, the company has new senior management. CEO Hans Vestberg was CEO of network equipment maker Ericsson before joining Verizon. Vestberg and Chief Strategy Officer Rima Qureshi, also an Ericsson veteran, joined Verizon five years ago.
Ronan Dunne, Verizon's head of consumer business, was previously CEO of the U.K. wireless company O2. He joined Verizon in 2016.
To be sure, revenue growth remains an issue. Verizon's long-term problem is that the U.S. wireless market is oversaturated.
Many consumers are putting off upgrading to new smartphones. In addition, data-intensive mobile video isn't generating much revenue.
For the March quarter, Verizon reported earnings of $1.31 per adjusted share, excluding items. Revenue rose 4 percent to $32.9 billion.
Last year, Verizon earned $1.26 per share on revenue of $31.6 billion. Analysts had projected Verizon earnings of $1.29 per share on revenue of $32.47 billion.
Wireless revenue rose 2.4 percent to $16.7 billion. Verizon said it lost 178,000 postpaid wireless subscribers against analysts' forecast of 198,000.
Analysts expect wireless subscriber growth to resume in the June quarter.
For 2021, Verizon expects adjusted earnings per share in the range of $5 to $5.15 per share. The company expects total revenue growth to be at least 2 percent, including wireless revenue growth of at least 3 percent.
Squeeze Incoming; 2.5 dtc A comp of $T and $VZ's stock. Similar setups, with VZ blazing ahead. $T seems a day behind. You can never be confident when playing short-term moves, but you can see the squeeze indicator Ppppin off prior to VZs move and it's doing it for T now. The rotation favors it, and it looks like some shorts might not have closed fast enough.
www.marketbeat.com
It's enough to place a small bet upon. I'm not a squeeze-hunter, but when it seems to be happening it's good to take a small position.
VZ (NYSE) - Let it go downGreetings
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VZ (NYSE) - Let it go down
Good for those who are looking for a safe betEarly sign of hope just appeared in Verizon chart!
This stock moves so slow that you will be bored..!
Potential gain:7-8%
Reward/Risk:7-8
Timeframe: 3-9 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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VZ - Verizon Communications - WEEKLY Setup w/ Buyzone & TargetsVZ
BUYZONE = 55.50 -52
Cost Avg Down (CAD) = 48 - 46
1st Target = 62
2nd Target = 71
HODL Target = 77
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez