Verizon: Weak in a Strong MarketThe S&P 500 just had its biggest weekly rally in a year, but Verizon Communications didn’t participate. Are the bears moving in?
The first pattern on today’s chart is the trio of drops following the last three quarterly reports. Those may reflect weakening sentiment towards the telecom’s fundamentals.
Second, VZ peaked below $45.55 in late September. That was a long-term low from May 2022, which may suggest old support has become new resistance.
Next, VZ has chopped around its 2023 high of $42.58 but is now below it. That could be a sign of resistance taking hold.
Fourth, last week’s slide below the 200-day simple moving average could mark an end to its longer-term uptrend.
Finally, MACD is falling.
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4VZ trade ideas
LONG VZ @ 40.59 - oversoldI'll let my track record on my trades since July I've posted as ideas here replace any fancy charts. 89% win rate since July - and that's slightly under performing compared to normal. Trust me, it's short term oversold based on my algo.
I'll add any time it's oversold and there's two ways to play the exit, but in the interests of consistency, I'll keep using my original method - sell any lot when it becomes both overbought AND profitable. Plus I have to update less often that way.
Sell any lot on the first profitable close for that lot, regardless of whether it's overbought, is something that I've been tinkering with. That exit strategy produces lower overall profits per lot, but less capital outlay during downtrends (often 50-60% less) and quicker recycling of capital. It also is often proving to produce a greater gain per lot per day held annualized return than my original exit strategy - I've been using it privately for a while now to test it out.
The original strategy produces greater average gains per lot traded but at the expense of greater total capital outlay and more exposure during downtrends and longer average holding periods. They are similar enough in terms of returns per lot per day held that it's a preference thing, but anything that reduces unnecessary exposure risk is something I gravitate to.
It may not be sexy in raging bullish upswings, but it is tremendously beneficial when sentiment is negative, either in the individual stock I'm trading or in the markets in general. Anyone who follows me knows I like to minimize risk and maximize gain per lot per day held any time I can.
Not for nothing, VZ also pays a fat dividend, which boosts returns if you're stuck holding a while. It's not a major factor, since of the 150 or so trades I've posted here since July, the average holding period has been just over 16 trading days with a median length of 10 and the most common holding period has been 6 trading days. But a few have been long enough to benefit from dividend payments, so I always like to have that cushion just in case.
So the usual disclaimer, this is not investment advice, just a log of my trades and thought processes. DYOR and enjoy the show.
VZ looks bullish intermediate termVZ is again at the top of its one-month regression channel, having last tested it on Monday. I think there's a good chance that this new push will succeed. If so, it will quickly bring the post-earnings gap into play (red drop in the chart). A second, shallower gap is above. The Sep 30 high on the chart is also the YTD high, as the stock is near the top of a 2-year bottom consolidation.
On a daily chart there's also a double bottom pattern that has been in place since early September. For VZ 17 of the last 22 double bottom patterns have reached their first profit target, which in this csae is at $44.81, just above the YTD high.
I am already long VZ with stock, but today added a vertical call spread. I view both positions as swing trades, not investments, and will reassess if/when the stock reaches the top of its post-earnings gap. If the stock were to substantially drop below the upper edge of its regression trend, I would likely exit both positions.
Can you hear me now? Good.Verizon is building bullish momentum, with a gap forming around the $41.00 level. A breakout above $44.00 would signal continued strength, positioning the stock to target the $48.84 monthly resistance. This setup offers an attractive risk-to-reward ratio, with a stop-loss set at $40.26 to manage downside risk.
As a leader in telecommunications, Verizon stands to benefit from its ongoing investments in 5G infrastructure and its solid position in the mobile and broadband markets. With a steady revenue stream and strong dividend yield, the company offers both growth potential and long-term value, appealing to investors seeking a reliable defensive play in uncertain markets.
This combination of technical momentum and strong market fundamentals supports a bullish push toward $48.84, presenting a solid opportunity for traders and investors alike.
NYSE:VZ
$VZGreen: Entry Point
Blue: Start of Week
Red: End of Week
Thumbs Up: Trade Available for Week
Numbers: Price Targets
*For share traders only. Not meant for options.
VZ in the buy areaHi Traders
Verizon Communications Inc (VZ) is in an uptrend since October ’23. The price level broke the resistance and seems to confirm the fact that the old resistance level serves as a support level right now. I suspect the stock to make a new higher high as long as the uptrend doesn’t get invalidated. In other words, if the stock price doesn’t fall below it’s support range between $38.8 and $41. We can, thus, see this range as the buy area.
Also in terms of fundamental analysis, there is something to say about this stock. VZ is a company that benefits a lot from the current TCJA law in the US. A law that was signed in 2017 and that reduces the average effective tax rate for large corporations. It’s a law that has been critized for disproportionately benefiting higher-income corporations, like VZ. Many key elements of the TCJA are set te expire in 2025 and whether these elements will be extended depends on who will become US’s new president.
Trump wants to extend the TCJA elements that are so beneficial for higher-income corporations. Harris, on the other hand, doesn’t want this.
Therefore, VZ’s future profits are expected to be higher if Trump wins the election because, in that case, they will be able to benefit more from the current tax benefits.
To conclude, I would wait for the election results to decide whether to enter the trade. If Trump wins, I forecast that the stock’s trend will be even bullisher. In that case, I would enter the trade in the buy area, target a price level of $47.6 and put a stop-loss at $37.8.
$VZ with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:VZ after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
VZ Verizon Communications Options Ahead of EarningsAnalyzing the options chain and the chart patterns of VZ Verizon Communications prior to the earnings report this week,
I would consider purchasing the 44usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $1.23.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Verizon Communications Inc. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
Verizon (VZ) AnalysisCompany Overview: Verizon Communications Inc. NYSE:VZ is the largest mobile carrier in the U.S., maintaining a dominant position in the wireless market. The company has a core focus on wireless services, which continues to drive its financial performance and future growth potential.
Key Catalysts:
Strong Wireless Revenue Growth: Verizon's wireless revenue grew by 3.5% year-over-year, reaching $19.8 billion in the latest quarter. This growth was driven by a solid consumer base and effective pricing strategies, demonstrating resilience and a stable demand for Verizon's wireless services.
Consumer Segment Performance: Consumer revenue also saw a year-over-year increase of 1.5% to $24.9 billion, highlighting the company’s strong customer retention and ability to capitalize on pricing flexibility.
5G Expansion: Verizon is investing heavily in 5G technology, with ambitious plans to expand into smart cities and wireless robotics, positioning the company for long-term growth in next-gen connectivity solutions.
Q2 Financial Results: Verizon reported total revenue of $32.8 billion for the second quarter, showcasing its financial stability and growth trajectory in an evolving telecommunications landscape.
Investment Outlook: Bullish Outlook: We are bullish on VZ above the $37.00-$38.00 range. Upside Potential: The upside target for Verizon is set at $56.00-$58.00, driven by wireless revenue growth, consumer segment strength, and expansion into 5G technologies.
📶 Verizon—Connecting the Future with 5G. #VerizonWireless #5GRevolution #TechGrowth 📱
Will Verizon Continue on the Bullish Trend? Will Verizon meet its 52 Week High at 43.42??? I Believe so!
Testing the waters to see if I am correct. No Trades have been made only prediction.
NOW I SOLD , it is clear vision of selling pressureIt is a good time for sell this stock, for Swing trade . We had some days above with low buying force, always opening the next day with downward gap
VZ 5M Long Daytrade Aggressive Trend TradeAggressive Trend Trade
- short impulse
+ volumed T1 level
+ support level
+ biggest volume weak attempt manipulation
Calculated affordable stop limit
1 to 2 R/R take profit
Hour Trend
"+ open gap with retest
+ long impulse
+ SOS test level
+ 1/2 correction
+ support level
+ volume zone"
Daily CounterTrend
"- short impulse
- biggest volume TE / T1"
Monthly Trend
"+ long balance
+ historical 1/2 correction
with exhaustion volume in the end
+ initiative take over
+ ICE level
+ volumed? 2Sp
+ weak test"
VZ @NYSE
Sell Limit 40.22, GTC
Sell Stop 39.89 LMT 40.01, GTC
Vz to 50 by the end of 2025After disappointing quarterly earnings gave great entryway, dividends nearing and final quarterly will boost to previous standard levels.
VERIZON Downtrend Line Rejection At $42.55 22.07.2024- Verizon downtrend rejection identified at $42.55 on the 4HR chart.
- If rejection holds, the price may drop to $39.91, with a potential further decline to $37.84.
- If rejection fails, the price could rise to $45.90, possibly reaching $50.16.
Apply risk management
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Disclaimer
Technical analysis of the Verizon Communications Inc. 1. Price Action and Trend Analysis:
The chart shows a volatile price action with a general sideways trend. There are clear support and resistance levels established:
- Strong resistance: $41.39 - $41.50
- Support levels: $39.92, $39.21, and $39.09
The price has recently broken above the resistance at $40.99, indicating a potential bullish momentum.
2. Volume Analysis:
The volume indicator at the bottom of the chart shows alternating periods of high and low volume. Recent price increases have been accompanied by higher volume, suggesting strength in the bullish moves.
3. RSI-VWP Indicator:
The RSI-VWP indicator at the bottom of the chart is currently showing an uptrend and is approaching overbought levels (above 70). This suggests strong momentum but also a potential for a pullback.
4. Recent Trading Signals:
The chart shows several long entry points, with the most recent ones at $39.21 and $41.39. A "Close entry(s) order Long" signal is visible at the recent high, suggesting a potential exit point for long positions.
5. Potential Scenarios:
Bullish scenario: If the price can hold above the $40.99 level, we might see a continued uptrend towards the next resistance at $41.39 - $41.50. A break above this level could lead to further gains.
Bearish scenario: If the price fails to hold above $40.99, we might see a retracement to the support levels at $39.92 or even $39.21.
6. Trade Opportunities:
Long opportunity: Enter on a pullback to $40.99 with a stop loss below $39.92. Target the resistance at $41.39 - $41.50.
Short opportunity: If the price fails to break above $41.50, consider a short position with a stop loss above this level. Target the support at $39.92.
7. Risk Management:
Set stop losses below key support levels for long positions and above resistance levels for short positions. The recent volatility suggests using wider stops to avoid premature exits.
8. Additional Observations:
- The chart shows a "Take Profit" annotation, indicating a potential exit point for current long positions.
- The alternating green and red bars at the bottom might represent a custom indicator or trading system, showing bullish and bearish signals respectively.
Conclusion:
The overall trend appears to be shifting from sideways to bullish in the short term. However, traders should be cautious of potential resistance at $41.39 - $41.50 and the overbought RSI reading. Risk management is crucial given the stock's recent volatility.
Remember, this analysis is based on the information provided in the chart and should be combined with fundamental analysis and broader market conditions before making any trading decisions. Always adhere to your personal risk management strategies.
VZ - Strong Bounce WeeklyPrice has bounced off a nice Weekly support and is looking for more
I have plotted a bars pattern in green showing how I think price will rise to the upper trend line also in green.
The support level was previously a resistance point but has flipped, which can be seen in the green circles.
Bullish on this Weekly timeframe.
VZ 1H Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short balance
+ expanding ICE
+ biggest volume 2Sp-
+ weak test
+ first bullish bar close below entry
Calculated affordable stop limit
1 to 2 R/R before 1/2 of monthly take profit
OCO 3A: Sell VZ Limit at $40.35 (Good 'til Canceled)
OCO 3B: Sell VZ Stop at $38.91 Limit at $39.39 (Good 'til Canceled)
Daily context:
"- short impulse
- unvolumed T1"
Monthly context:
"+ long balance
+ historical 1/2 correction
with exhaustion volume in the end
+ initiative take over
+ ICE level
+ volumed? 2Sp
+ test"
Verizon BuyInteresting setup on Verizon, waiting the price to go back to 37 before buying.
No more liquidity downsidw, targetting upside liquidity
Good Entry - Earnings Sell OffGood entry here. Long term addition or swing trade. Added VZ long position
Verizon ($VZ) Earns $100M Contract With The State of MichiganT-Mobile and Verizon Communications ( NYSE:VZ ) are in talks to buy parts of United States Cellular for over $2 billion, according to the Wall Street Journal. Shares of the regional wireless carrier jumped 8.6% to $39.08. T-Mobile is close on a deal to buy a chunk of U.S. Cellular for more than $2 billion, taking over some operations and wireless spectrum licenses. Verizon's talks with the regional carrier are expected to take longer and might not result in an agreement.
In another significant development, Verizon ( NYSE:VZ ) Public Sector has been awarded a $100 million contract by the State of Michigan. This agreement allows state agencies and affiliated entities access to Verizon's award-winning network and a suite of communications solutions designed to help serve the state's more than 10 million residents. The contract also allows eligible Michigan cities, townships, villages, counties, school districts, universities, colleges, and nonprofit hospitals to take advantage of available Verizon services through MiDeal, the State of Michigan’s extended purchasing program.
The new contract, effective through August 11, 2028, is renewable for up to five additional option years and includes access to devices and services including Fixed Wireless Access (FWA), 5G Ultra Wideband (UW) connectivity, special plan pricing, and Verizon Frontline, the advanced network and technology built for first responders. Verizon Communications Inc., one of the world's leading providers of technology and communications services, generated revenues of $134.0 billion in 2023.
Verizon ($VZ) Spike 2.5% in Premarket Trading on Earnings ReportOn Monday, Verizon Communications ( NYSE:VZ ) released its first-quarter earnings report. The report indicated a 4% decline in earnings from the previous year, although the earnings still surpassed Wall Street's expectations. Verizon's stock price reacted positively due to the wireless service revenue exceeding expectations.
The adjusted earnings per share for the quarter ending on March 31 were $1.15, while revenue for Verizon ( NYSE:VZ ) was $33 billion, reflecting a 0.2% increase from the previous year's revenue of $32.9 billion. The estimated earnings per share and revenue were $1.12 and $33.2 billion, respectively.
Verizon's wireless service revenue rose by 3.3% to $19.5 billion, exceeding the estimated $18.67 billion. The company was able to achieve this despite Q1 being a typically weak season by raising prices for wireless services.
Verizon ( NYSE:VZ ) lost 68,000 postpaid phone customers in the quarter, a metric closely watched by investors. However, this number was lower than the predicted loss of 92,000 subscribers, resulting in a positive market response. In Q1, Verizon ( NYSE:VZ ) lost 158,000 postpaid consumer subscribers but added 90,000 business postpaid subscribers. In comparison, the company had lost 127,000 postpaid phone subscribers in the previous year.
Verizon ( NYSE:VZ ) is presently focusing on generating growth in free cash flow and earnings before interest, taxes, depreciation, and amortization.
Verizon's stock rose by 2.6% to 41.55m on the stock market, indicating a move back above the 50-day line. The company had gained over 7% in 2024 before the earnings report, after experiencing a 4% decline in the previous year.
Verizon Communications ( NYSE:VZ ) stated on Monday that it had lost fewer wireless subscribers in Q1 than anticipated, owing to its flexible plans and streaming bundles offering discounted pricing for services such as Netflix and Warner Bros Discovery's Max. Verizon's shares rose by 2.5% in pre-market trading.
Verizon's consumer business saw its best Q1 performance since 2018, with 158,000 wireless retail postpaid phone net losses compared with 263,000 losses a year ago. CEO Hans Vestberg stated, "We are on track to meet our financial guidance and to deliver positive consumer postpaid phone net adds for the year."
Verizon's plans are usually more expensive than those of its rivals, AT&T (T.N) and T-Mobile (TMUS.O), which are set to report earnings later in the week.
VZ: Potential Head and ShouldersThe recent drawback on VZ sets it up for a potential head and shoulders and a trend reversal.
I will be watching for pattern completion before entering a position :)
