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When the Price of Verizon Communications $VZ Talks, People Listen

Longer Term Trading Plans for VZ
  • Buy VZ slightly over 36.70 target 40.72 stop loss @ 36.59 Details
  • The technical summary data tells us to buy VZ near 36.70 with an upside target of 40.72. This data also tells us to set a stop loss @ 36.59 to protect against excessive loss in case the stock begins to move against the trade. 36.70 is the first level of support below 37.315 , and by rule, any test of support is a buy signal. In this case, support 36.70 is being tested, a buy signal would exist.

  • Short VZ slightly under 40.72, target 36.70, stop loss @ 40.84 Details
  • The technical summary data is suggesting a short of VZ as it gets near 40.72 with a downside target of 36.70. We should have a stop loss in place at 40.84though. 40.72 is the first level of resistance above 37.315, and by rule, any test of resistance is a short signal. In this case, if resistance 40.72 is being tested, a short signal would exist.

Swing Trading Plans for VZ
  • Buy VZ slightly over 37.77, target 40.72, Stop Loss @ 37.66 Details
  • If 37.77 begins to break higher, the technical summary data tells us to buy VZ just slightly over 37.77, with an upside target of 40.72. The data also tells us to set a stop loss @ 37.66 in case the stock turns against the trade. 37.77 is the first level of resistance above 37.315, and by rule, any break above resistance is a buy signal. In this case, 37.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short VZ slightly near 37.77, target 36.70, Stop Loss @ 37.88. Details
  • The technical summary data is suggesting a short of VZ if it tests 37.77 with a downside target of 36.70. We should have a stop loss in place at 37.88 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 37.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for VZ
  • Buy VZ slightly over 37.54, target 37.77, Stop Loss @ 37.45 Details
  • If 37.54 begins to break higher, the technical summary data tells us to buy VZ just slightly over 37.54, with an upside target of 37.77. The data also tells us to set a stop loss @ 37.45 in case the stock turns against the trade. 37.54 is the first level of resistance above 37.315, and by rule, any break above resistance is a buy signal. In this case, 37.54, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short VZ slightly near 37.54, target 36.70, Stop Loss @ 37.63. Details
  • The technical summary data is suggesting a short of VZ if it tests 37.54 with a downside target of 36.70. We should have a stop loss in place at 37.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 37.54, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Verizon Communications (VZ) Page here: VZ.

VZ Ratings for March 24:

Term →Near Mid Long
Rating Weak Neutral Weak
P1 0 0 32.79
P2 37.54 36.68 36.70
P3 38.24 37.77 40.72
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Support and Resistance Plot Chart for VZ

VZ Long Term Analysis for March 24 2023

Blue = Current Price
Red= Resistance
Green = Support

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Verizon Communications (NYSE: VZ) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for VZ can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports