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
VZ trade ideas
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.
Verizon is at the Bottom of Channel and the PCZ of a Bullish BatVerizon is certainly one to keep an eye on as it is at the Demand Zone of an Equidistant Channel that happens to be Confluent with a PCZ of a Bullish Bat Harmonic; I'v been watching and waiting a long time for it it for this Confluence Zone to be hit and now that it has i'v just bought 500 shares and am ready to take my chances here.
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.
Verizon: High Div Yield vs CG Loss?Verizon Communications Inc
Short Term - We look to Sell at 50.20 (stop at 51.90)
A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. 50 4hour EMA is at 50.38. We expect a significant move lower if prices manage to break the 50.38 support. Further downside is expected.
Our profit targets will be 46.05 and 45.00
Resistance: 52.00 / 55.53 / 59.80
Support: 46.00 / 42.80 / 38
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MOVE UP?If you been following VZ stock for the past week or so you have notice on Friday that while most of the market was going up (VIX was falling) VZ had a big candle to the downside.
Towards the middle of the trading day VZ rejected up from the middle line of the uptrend channel (38.2 fib line ) and started to move sideways on 1H time frame.
Where will VZ go on Monday, up or down?
Look at the last daily candle, look at the amount of support right below it:
20MA (white line), 50MA (green line), rejected to $50.86 support (yellow) line (you can see multiple bounces to the upside from that line in the past, please zoom out to see it clearly)
VZ is also sitting right above downtrend middle line and above uptrend middle line which can act as support as well.
I do not know where it will go on Monday, but it sure will have a hard time breaking those support lines , but if it will then the next stop will be somewhere on the bottom of the uptrend channel.
Please take a look at the screen shot below for better view.
How Far will Verizon continue to DROP?Technical Analysis on Verizon Communications
Was it the right choice to add more shares to my portfolio?
Fundamentally it makes totally sense for me to own the stock. The numbers speak for themselves.
If we start viewing the stock from a technical point of view, then it's getting interesting and I can understand why many people say they keep their hands off it and wait.
So basically the stock recently took out the massive low that got created in 2020 during the huge sell of in the pandemic. So overall the price continued to be bearish and it will be bearish until we break the recent high.
I view the current pricing as a great opportunity to add more shares to my portfolio as it pays an incredible dividend at the current pricing value.
Hopefully, we can see the bulls getting back in control in the future but until then we are gonna be reactive, not predictive.