Verizon Communications Inc. Stock Forecast
Stronger technical forecast for Verizon Communications Inc. stock price after Friday trading.
(Updated on Apr 19, 2024)
The Verizon Communications Inc. stock price gained 0.95% on the last trading day (Friday, 19th Apr 2024), rising from 37.41€ to 37.77€. During the last trading day the stock fluctuated 1.10% from a day low at 37.43€ to a day high of 37.84€. The price has fallen in 6 of the last 10 days and is down by -2.97% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately 189.54€ thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Verizon Communications Inc. stock with a 90% probability to be traded between 35.69€ and 39.15€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BAC.DE Signals & Forecast
The Verizon Communications Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 37.50€ and 37.46€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found. Verizon Communications Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Verizon Communications Inc. stock
Verizon Communications Inc. finds support from accumulated volume at 37.66€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.410€ (1.10%) between high and low. For the last week, the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: 35.63€ (-5.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BAC.DE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Verizon Communications Inc. to open at 37.68€, and during the day (based on 14 day Average True Range), to move between 37.21€ and 38.32€, which gives a possible trading interval of +/-0.558€ (+/-1.48%) up or down from last closing price. If Verizon Communications Inc. takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 37.66€ (0.28%) than the resistance at 38.47€ (1.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Verizon Communications Inc. will release earnings BMO on Monday, April 22, 2024. We will update the financials statements for Verizon Communications Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.23% in the first trading day after earnings release.
Is Verizon Communications Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Verizon Communications Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.880 Buy Candidate Upgraded
Predicted Opening Price for Verizon Communications Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| 37.68€ ( 0.229%) | 37.77€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAC.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.09 | 0.86 % | |
| R2 | 37.93 | 0.441 % | ||
| R1 | 37.83 | 0.185 % | ||
| Current price: | 37.77 | |||
| Support | S1 | 37.52 | -0.644 % | |
| S2 | 37.42 | -0.90 % | ||
| S3 | 37.27 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.62 | 2.25 % | |
| R2 | 38.55 | 2.08 % | ||
| R1 | 38.47 | 1.87 % | ||
| Current price | 37.77 | |||
| Support | S1 | 37.66 | -0.278% | |
| S2 | 36.91 | -2.26% | ||
| S3 | 36.64 | -2.99% |
BAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 09, 2024 | May 01, 2024 | 0.614€ | 1.63% |
| 2 | Jan 09, 2024 | Jan 09, 2024 | Jan 09, 2024 | 0€ | 0% |
| 3 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | 0.653€ | 1.99% |
| 4 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | 0.653€ | 1.80% |
| 5 | Dec 01, 2022 | Jan 09, 2023 | Feb 01, 2023 | 0.653€ | 1.72% |
FAQ
Click here for our free guide on how to buy Verizon Communications Inc. Stock.
