1VZ trade ideas
VZ: Further downside expected?!Verizon Communications Inc.
Intraday - We look to Sell at 38.68 (stop at 41.29)
The primary trend remains bearish. Trading within the Wedge formation. Prices expected to stall near trend line resistance. Preferred trade is to sell into rallies.
Our profit targets will be 31.18 and 28.00
Resistance: 39.00 / 48.00 / 55.00
Support: 35.00 / 25.00 / 17.00
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VZ bullish hammer at the bottom of Mean Reversion ChannelOrder BUY VZ NYSE Stop 35.82 LMT 35.82 will be automatically canceled at 20230401 01:00:00 EST
VZ bullish hammer at the bottom of Mean Reversion Channel beautiful volume, weekly chart confluence, not much in our way all the way up to MA 100 except for local trend.
Stop loss below buying zone of support conservative, take profit at MA 100. 1.56R
VZ daily bullish hammer wave 4 of downtrendOrder BUY VZ NYSE Stop 39.72 LMT 39.72 will be automatically canceled at 20230401 01:00:00 EST
VZ daily bullish hammer wave 4 of downtrend closing above local trendline. Expect push into 50% Fibopnacci retracement. Countertrend and earnings are close. Super quick.
VZ-Sitting at critical supportOn August 15th it became known that Berkshire Hathaway dumped its Verizon Communications, Inc. position and since then the stock has lost about 13.5%. While I do see this as an overall headwind for the stock it could be due for a bounce and looking over the monthly chart IF a bounce was to occur it would in the $39 area as we are about to test a very long term trend line. Typically a 3rd hit of a non-horizontal trend line will usually hold but I will not bag hold this position given the overall market weakness right now.
SL-38.50
VZVerizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments. The Consumer segment provides consumer-focused wireless and wire line communications services and products. The Business segment offers wireless and wire line communications services and products, video and data services, corporate networking solutions, security and managed network services, local and long distance voice services, and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.
VZ Price Should Gravitate Towards Diluted EPS UptrendAn uptrend in diluted EPS (earnings per share) is overlaid on top of price and is indicated by the teal trend channel which price also follows. Price has dropped outside of this channel and can be considered out of place, needing to rise to get back in line with actual company performance.
Auxiliary arguments:
Price is at bottom of long-term price range.
PE ratio is at bottom of long-term range, excluding low period in 2018
Volume profile going back to 1996 shows air pocket below current price level
5.76% dividend yield
Price is at 200-month sma
Trade thoughts:
Timing has not been considered so this is not an options play.
Buy shares around $44 with a stop at $39.60 and price target of $60.99 for an intermediate-term (1-3 months maybe) swing trade or hold on as an investment.
Verizon... is not in the zone. VZAnyway, we are shorting it.
Goals49. One only.
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
Long term double top on VZ, PT -10 (0) BankruptcyLong term double top on VZ, PT -10 (0). Pretty self explanatory.
Makes sense Verizon eventually dies out. Very inefficient, high management costs, dwindling growth, towers (aging tech). Nothing to offer over the very cheap carriers other than the brand name. Plus Google just started competing with them with much more efficient satellites. It seems very inevitable that this company is done. It's an empty bag.
VZ a safe place to park money while collecting a nice dividendsNo fed pumping in 2021. Spent much of 2021 in a downtrend while exceeding earnings expectations. In 2022 PE ratios will fall making VZ P/E ratio 10 attractive. Expect its April started uptrend to continue until large cap overall P/E comes down.