VZ trade ideas
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 short put, Nov 19VZ is into a level of tested demand
Sold 42 DTE, Nov 19, 11.59% AROI, 4.24% from underlying price
Yield at strike is a decent 4.78% which is way over the US10Y hurdle rate by 3x
It's pushing below the Feb 2021 spike low, but it seems to be very passive selling to me the past 6 months.
Lots of back filling and retracing to push lower. Like a robot is just refreshing the offer lower.
Trend on the daily is absolutely Down.
But it's into Previous demand and 53.40 level is where I see -1 sigma value where algos could step in to buy.
I don't mind being long VZ outright, but I like the idea of bidding for 52.50 even better.
Because if it goes to 51.55 I split the difference.
It's a down day into new lows and that's the best time to sell put premium, so I did.
VZ at the dipPurchasing 100 shares of Verizon, on the dip, end of day Thursday 10/7/21.
Last Announced Dividend
Amount
$0.64
Ex-Div Date
10/07/2021
Payout Date
11/01/2021
Record Date
10/08/2021
Declare Date
09/02/2021
Div Frequency
Quarterly
VERIZON possible break from the current shapePrice has been stalled at a major support area after two set of falling wave. A small inverted h&s has formed ard the support area, possible long setup. Apply SL to your trade and moving SL to lock your profit.
Verizon (VZ) - Buy the dip with 16% upside paying 4.66% dividendNot the growth stock that it once was, but VZ has been in correction since Dec 2020. It has formed a tight falling wedge pattern while also finding support at 2009-2010 trend line. It has a maximum upside of almost 16%, but even more compelling is its 4.4% dividend yield.
4h
Falling Wedge- BullishBeen watching VZ for a while now and has been holding this wedge for quite some time, with quadruple witching coming up on the 17th and September being historically a bad time for equities, a low beta stock like VZ should theoretically outperform the broader markets. (VZ Beta = 0.45). From a technical standpoint, VZ is also looking quite nice, closed yesterday sitting right on its 20-day SMA (not pictured), falling wedge on the 4hour and daily timeframes, Bollinger bands are also squeezing, with volume- should pop. Just some FIB levels & RSI-based supply and demand zones to keep an eye on- Bullish and looking for a breakout.
PT1- $55.70
PT2- $56.33
PT3- $57.82+
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VZ is moving sideway We can see that price action is moving sideway for past years, the current price is near the support area and I think is a good buy area for those who wanna hold long term.
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 with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $VZ after a Negative over reaction following its earnings release placing the stock in drift C
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$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.
Verizon WirelessLooks like the XLC is down today when compared to yesterday. Went from a 90% stochastic to currently 79% around noon today. I've been watching sector for the past couple of weeks. In my opinion, this company has reasonable financials with a quality product and consistent customer base.
I noticed that price was at a support a few days ago and entered a debit spread last week. However, I want to own the company so I revisited. I saw last that the stochastic was oversold on the Daily, 4 hour, and 1 hour. Everything looks the same outside of the 4 hour. I'm giving this the benefit of doubt because of the way the market opened today. Price is still at support or close by and I have used the Fibonacci tool to retrace the previous high up to 38-61%.
What do you think?
Could test 55.23 Before a long run starts!Hi Guys how are you? This is just a little idea bout Verizon VZ. Amazing company, such a low P/E because it nobody likes it but I would not be afraid of getting some shares here.
