VZ stock: buy or sell

VZ stock price: $58.14 -0.43% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

VZ stock brief

  • Verizon Communications closed on Wednesday at $58.14 after barely changing a -0.43% and broke a streak of 7 sessions in positive.
  • Verizon Communications released its financial report on Wednesday
  • Verizon Communications Inc. offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide.

Should I buy Verizon Communications stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $VZ stock a buy?

Currently, Verizon Communications stock matches one trading strategy:

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that shares price doesn't struggle with upper resistances, and usually it scales fast. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Price is now at 4.30% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $60.64. The stop loss would be ordered at $54.58

Buy setupBuy pointStop lossRisk
ATH buy setup$60.64$54.5810.00%

Should I sell Verizon Communications stock?

"To sell or not to sell", if you are holding Verizon Communications shares?. Trading strategies give us the ability us to avoid impulsive decisions based on our sentiments or the buzz surrounding the market. When selling, as well as buying, our setups are very easy to follow but are only valid for selling shares you already own, not for selling short $VZ stock

A guiding principle is that you should not hold an investment that generates greater losses than those expected upon purchase. The timing to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Verizon Communications stock?

Currently, Verizon Communications stock doesn't match any of our preferred sell setups, so if you hold Verizon Communications stock and your operation is in profit probably is not time to sell now

Verizon Communications ratings

In the last month, 2 ratings were published for Verizon Communications. General sentiment is bullish, with 2 out of 2 publishing optimistic outlooks

Verizon Communications analysts' ratings - Last month
Brokerage firmRating
Mar 24th, 2021
Tigress Financial NeutralStrong buy
Mar 30th, 2021
Tigress Financial NeutralStrong buy

Verizon Communications stock analysis

SMAs overview

VZ stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $58.35 (0.36% above)
  • R2: $58.47 (0.57% above)
  • R3: $59.57 (2.46% above)
  • The current support levels are:

  • S1: $57.80 (-0.58% below)
  • S2: $57.53 (-1.05% below)
  • S3: $57.19 (-1.63% below)
  • Bollinger bands

    The evolution of the Bollinger Bands on the chart shows that they are pretty close to each other (3.67%), which clearly indicates that price volatility is low. The tightness of the Bollinger bands is generally a signal of a sudden price movement (up or down), so we must be alert and manage our buy or sell orders accordingly

    VZ stock Bollinger Bands chart

    Relative strength index

    The has been between the levels of 70 and 30 for several weeks, and therefore, without this indicator really serving to help us make any decisions.

    VZ stock RSI chart

    Verizon Communications stock price history

    Verizon Communications started trading on Nov 21st, 1983 priced at $1.40 per share1. Since then, VZ stock surged by 4,052.86%, with an average of 109.54% per year. An investment of $1,000USD at that time would have a value of $41,528.57 today.

    1: Adjusted price after possible price splits or reverse-splits

    VZ stock price history chart

    Price target for Verizon Communications stock

    Nobody can predict how much a share will be priced in the future. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    The following table shows the price predictions published by analysts for the last 30 days. Again, these predictions are not direct recommendations for small traders and must not be trusted blindly.

    We don't have any target price published in the last 30 days for Verizon Communications.

    Verizon Communications stock price predictions
    Brokerage firmPrice target
    Mar 24th, 2021
    Tigress Financial Not available
    Mar 30th, 2021
    Tigress Financial Not available

    Earnings and financials

    Verizon Communications Inc. ($VZ) came out with quarterly earnings of $1.31 per share on Wednesday, matching the Wall St consensus estimate of $1.29 per share. Reported sales were $32.9 billion, consistent with analysts' forecasts as well.

    Same quarter last year, reported EPS was $1.26, so current EPS is an improvement of 3.97%. Looking at turnover, figures scarcely moved compared to $347.8B same quarter last year.

    VZ ($VZ) is hosting the quarterly earnings call next July.

    Verizon Communications performance

    VZ performance compared
    Company1m3m6m
    Verizon Communications ($VZ) 4.20% 2.80% 3.20%

    Disclaimer:
    The thoughts written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have an understanding of the particular situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for educative reasons only

    VZ summary

    Wednesday, April 21st, 2021
    Open$58.4
    Close$58.14
    Day range$58.05 - $58.84
    Previous close$58.39
    Session gain-0.43%
    Average true range$0.77
    50d mov avg$56.26
    100d mov avg$56.86
    200d mov avg$56.86
    Earnings dateJuly 23rd, 2021

    Frequently asked questions

    What is Verizon Communications stock symbol?

    Verizon Communications Inc. is a public company trading in the US stock market with the VZ symbol

    Is Verizon Communications stock a buy or sell?

    Verizon Communications received 2 ratings in the last 30 days: 2 bullish, 0 bearish and 0 neutral.

    Will VZ go up?

    There were no price targets published by analysts in the last 30 days for Verizon Communications.