Verizon – Verizon Communications Inc (VZ) Up 1.05%; in a Downtrend Over Past 14 Days

The Hourly View for VZ

Last Updated January 1, 2021, 12:30 GMT

At the time of this writing, VZ’s price is up $0.08 (0.14%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as VZ has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Verizon Communications Inc Daily price Recap

The back and forth price flow continues for Verizon Communications Inc, which started today off at 58.75 US dollars, up 1.05% ($0.61) from the previous day. This move happened on lower volume, as yesterday’s volume was down 30.65% from the day before — and down 31.82% from the same day the week before. Here is a daily price chart of Verizon Communications Inc.

Verizon Communications Inc Technical Analysis

Notably, the current price of Verizon Communications Inc is sitting close to its 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to VZ:

Every day I pick 2-5 stocks – the most undervalued stocks in AMEX, NYSE & NASDAQ to trade for the next trading day (in a live youtube stream at 3:30pm NY Time – Link Below). These stocks are generally undervalued following a decline in demand driven by declining investor confidence or their fundamentals improve rapidly while the market price remains almost unchanged. I am targeting a trading goal of 50% return by Dec 31 2020. So far I am up 121%. Below is profit & loss from yesterday’s picks. Keep these stocks on your watchlist for the next 1-5 days. Some of them may see huge gains in the next 1-5 days:
$APRE $NRGD $DRIP $ATNM $VZ
More Details: https://youtu.be/Heyi5COyI9g

– DailyStocksPicks