RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VZ
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Verizon stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 3.54% PDF

The Verizon stock price gained 1.69% on the last trading day (Wednesday, 27th Mar 2024), rising from $40.85 to $41.54. During the last trading day the stock fluctuated 1.65% from a day low at $41.10 to a day high of $41.78. The price has risen in 6 of the last 10 days and is up by 3.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately $797.77 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.26% during the next 3 months and, with a 90% probability hold a price between $40.51 and $44.06 at the end of this 3-month period.

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VZ Signals & Forecast

Mostly positive signals in the chart today. The Verizon 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 $40.61 and $40.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 5.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Verizon stock

Verizon finds support from accumulated volume at $40.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.680 between high and low, or 1.65%. For the last week the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: $39.77 (-4.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (VZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Verizon Communications Inc to open at $41.47, and during the day (based on 14 day Average True Range), to move between $40.89 and $42.19, which gives a possible trading interval of +/-$0.648 (+/-1.56%) up or down from last closing price. If Verizon Communications Inc takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $42.05 (1.23%) than the support at $40.20 (3.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Verizon Communications Inc stock A Buy?

Verizon holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.946 Strong Buy Candidate Upgraded

Predicted Opening Price for Verizon Communications Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$41.47 ( 0.160%) $41.54

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 42.15 1.48 %
R2 41.89 0.85 %
R1 41.73 0.465 %
Current price: 41.54
Support S1 41.21 -0.786 %
S2 41.05 -1.17 %
S3 40.79 -1.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 42.29 1.81 %
R2 42.23 1.66 %
R1 42.05 1.23 %
Current price 41.54
Support S1 40.20 -3.23%
S2 40.10 -3.47%
S3 39.93 -3.88%

VZ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Apr 09, 2024 May 01, 2024 $0.665 1.60%
2 Jan 09, 2024 Jan 09, 2024 Feb 01, 2024 $0.665 1.57%
3 Sep 07, 2023 Oct 06, 2023 Nov 01, 2023 $0.665 1.88%
4 Jun 01, 2023 Jul 07, 2023 Aug 01, 2023 $0.653 1.95%
5 Mar 02, 2023 Apr 06, 2023 May 01, 2023 $0.653 1.69%

FAQ

What is the symbol for Verizon Stock and on which exchange is it traded?
The symbol for Verizon is VZ and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Verizon Stock?
Verizon holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Verizon Stock?
Verizon Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Verizon Stock.

What's the current price of Verizon Stock?
As of the end of day on the 2024-03-27, the price of an Verizon (VZ) share was $41.54.

What is the 52-week high and low for Verizon Stock?
The 52-week high for Verizon Stock is $42.72 and the 52-week low is $30.14.

What is the market capitalization of Verizon Stock?
As of the 2024-03-27, the market capitalization of Verizon is 174.645B.

When is the next earnings date for Verizon?
The upcoming earnings date for Verizon is Apr 22, 2024.
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About Verizon Communications Inc

Verizon Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other... VZ Profile

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