Daily and 4Hr bearish crab patternThere is a completed daily and 4hr bearish crab pattern at a daily level of resistance and a fib cluster area as well
I will not be looking for a short position until price closes below the 35.94 level
VZ trade ideas
Verizon Business Expands Private 5G at Port of VirginiaKey Takeaways:
1. The agreement between Norfolk International Terminal (NIT) and Verizon Business follows the successful deployment of a private 5G network at the neighboring Virginia International Terminal, another Port of Virginia property
2. The new network includes Verizon Push to Talk Plus, which is now available for use with the Verizon Private 5G Network offering.
3. The expansion of Private 5G at Port of Virginia terminals highlights Verizon’s Private 5G Network scalability and applicability in data-rich industrial environments.
Verizon Business and the Norfolk International Terminal (NIT) announced an agreement to build a Verizon Private 5G Network at their Virginia facility, following the successful deployment of Verizon Private 5G at the neighboring Virginia International Terminal (VIT). Both NIT and VIT are terminals within the Port of Virginia, highlighting the scalability of private 5G networks to meet unique connectivity demands throughout a complex, data-rich environment.
The Private 5G Network will cover 270 acres of the NIT campus with dedicated Ultra Wideband spectrum, replacing spotty outdoor WiFi and enabling secure, instant voice, text and data communication within the campus through Verizon Push to Talk Plus (PTT). PTT is a mobile app ideal for industrial and commercial worksite collaboration across phones, smartphones and tablets, all through the Verizon private Network.
Price Momentum
VZ is trading in the middle of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
VERIZON: Strong rally testing the 1D MA200.Verizon is bullish on its 1D technical outlook (RSI = ) as it is on a continuous rise since the bottom a month ago. Using the 1D MA50 as Support, it even crossed over LH trendline of January and crossed over the 1D MA200 for the first time since April 22nd 2022.
Despite this crossing, it has closed the last candles under it, which shows the short term, to say the least, struggles on this key Resistance level. The previous pullback was on the 0.382 Fibonacci to the 0.236. Now it hit the 0.5 Fibonacci and we are expecting an analogous pullback to the 0.382 that will pave the way for the next series of green candles. We will buy that pullback and target the R1 level (TP = 37.70).
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VZ climbs to 100SMAVZ is looking to take the teal line which has had a lot of action the past few months. The 100SMA is colliding with price action. I entered VZ long around 31$ and have held onto it as a recession play with the safe dividend and apparently bottomed price action. The company beat on earnings which gave fuel to the forgotten about value stock. The next target is 37.5$, I am eyeing another DCA if this teal line can become a multi-day support.
Verizon's Earnings Beat Driven By Home and Business Internet.Verizon's (VZ) home and business wireless services boosted third-quarter earnings even as the telecom giant lost cellular subscribers.
Shares rose more than 5% in early trading Wednesday as the bottom-line results topped analysts' expectations and the company raised its guidance for 2023 free cash flow by $1 billion, to $18 billion.
Earning per share fell to $1.13 from $1.17 in the prior year quarter, if you don't take out about a $579 million hit from TracFone and shutting its BlueJeans business, among others. Adjusted EPS for the third quarter was $1.22, lower than the year ago quarter but higher than analyst expectations compiled by Visible Alpha at $1.18.
Revenue also fell by 2.6% year-over-year to $33.3 billion due to lower wireless equipment revenue and fewer upgrades by postpaid customers.
Verizon saw 434,000 net additions for its broadband service, up 15% from the same period last year. Consumer wireless business revenue grew 2.9% to $15.96 billion on the back of fixed wireless additions, even as both postpaid and retail wireless subscribers tapered. Wireless business customers helped offset some of the company's continued struggle to maintain users in its wireline division.
The broader communication services sector has this year regained much of the ground it lost as the worst-performing sector in the S&P 500 last year.
The benchmark S&P 500 Communication Services Select Sector Index is up more than 33% in the 12 months leading to Oct. 24, 2023.
Last week, AT&T announced better-than-expected earnings results and 468,000 new postpaid phone subscribers, a sharp improvement over the most recent quarter.
Verizon shares have fallen roughly 12% in the last year and have lost about half their value since reaching a high above $60 per share in late 2019. But still kept its levels high.
VZ uptrend after earnings VZ is one of my larger recession safety plays I have been averaging into around 31.2ish, the > 8% dividend provides a margin of safety. Before the collapse it was accepted that the stock is generally worth around 60$ per share. I plan to hold this to about 50$ however long that takes and collect the strong dividend as an alternative to short-term treasuries.
#Verizon a recovery buy? NYSE:VZ Verizon Communications Inc. has recently released an impressive earnings report, surpassing expectations across the board and increasing their Free Cash Flow (FCF) guidance by a substantial $1 billion compared to their previous guidance. This announcement has injected new life into the stock, and it's evident in the pre-market trading where VZ has surged by almost 4%.
The current outlook for VZ is highly favorable, and here's why: A bullish divergence is emerging on both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators, particularly on the weekly timeframe. This divergence suggests that the stock is poised for a recovery, possibly leading to a profitable swing trade opportunity for investors.
Furthermore, VZ presents an additional allure for long-term investors. With a generous dividend yield of over 8%, this stock becomes a compelling choice for those seeking a stable, income-generating investment.
In summary, the combination of robust earnings, a notable increase in FCF guidance, and the promising technical indicators on the chart indicate a strong potential for VZ to recover from recent losses. Whether you're looking for a shorter-term swing trade or a long-term income play, Verizon is shaping up as an attractive option in the current market landscape
VZ Verizon Communications Options Ahead of Earnings If you haven`t sold VZ here:
or here:
Then analyzing the options chain and the chart patterns of VZ Verizon Communications prior to the earnings report this week,
I would consider purchasing the 32usd strike price in the money Puts with
an expiration date of 2023-11-17,
for a premium of approximately $1.14.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Long-term idea for VZHi traders!
Let's take a look at VZ stock on the monthly timeframe. VZ has been on a downtrend for a long time. We expect the trend to continue towards the strong support zone that has been retested multiple times. It will be our buy zone in the future if the zone will make the price to bounce back. The take-profit levels are shown on the chart. Stop loss is at $21.79
What do you think? Leave a comment down below!
VZ broke out of ascending triangle but is holdingVZ is one of my recession plays I have been averaging into on that big red candle. I am not very concerned unless it breaks below 32.2$ ish. Regardless I will be hodling this stock through recession fears for a 2-3 year hold possibly longer if they pay down some debt.
Verizon stabilizing after multi month downtrendVZ is one of my long-term entries for a recession protective play. I entered spot on the red uptrending line and have been adding bits on the bounces. The 8% dividend is protective at this level. The company fundamentally remains the same as it was before the 50% downtrend. There is some FUD with the lead cables but this should not matter in the long-run, they financially outperform comcast, at&t and t-mobile yet remain this undervalued.
VerizonPlaying into major OLD support areas. Currently paying I think around 8% dividend.
So much upside potential. I really think you later get an A.I. narrative as well as more transformation into an all-inclusive media and Tech company.
I think there is still a lot more to be done with store fronts as well.
Could easily see them becoming a bigger player later in streaming as well.
VZ perfect Three Drives DownVZ had great earnings, along with their parent company T. Both putting in Three Drives Down Patterns, indicating Seller exhaustion. On this chart I'm also getting Wolfe Waves, which how I arrived at the $46 target well above VAH, but VAH should show some resistance and may be a good place to take some profit.
VZTextbook Capitulation formation, very slow mover this is a weekly chart so analyze for your long term ports, dividend at this price is 8.3%, company is flush with cash so no signs of dividend being a problem. if you can lock in dividend at this price and catch any potential upside in price, this could be a jackpot trade.
VZ Verizon Communications Options Ahead of EarningsIf you haven`t sold VZ here:
Then analyzing the options chain and chart patterns of VZ Verizon Communications prior to the earnings report this week,
I would consider purchasing the 31usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $1.08.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
