Verizon Communications Inc. (NYSE:VZ) HEFFX Highlights

Verizon Communications Inc. (NYSE:VZ) HEFFX Highlights

Verizon Communications Inc. (NYSE:VZ) HEFFX Highlights

  • The return of unlimited data plans from the nation’s big four wireless carriers hasn’t hurt network performance, according to the latest report from RootMetrics.
  • For the first half of 2017, the testing firm reported that all four major wireless carriers improved their median network speeds in at least 20 markets. AT&T saw improvement in 51 metro markets, and T-Mobile in 73 markets. Sprint also continued to see big gains in performance. The companies all improved the percentage of markets that can get downloads of more than 20 megabits per second.
  • The increased network speeds in more markets comes at a time when competition in the wireless market is heating up. Each of the major carriers has reintroduced unlimited data plans as a lure to steal customers from competitors. In January, T-Mobile went all-in on its unlimited option, removing all other options. AT&T and Sprint also touted their own all-you-can-eat options. Then in February, Verizon quietly brought back its own unlimited plan for the first time in seven years.

Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States. The Wireline segment offers voice, data and video communications products and services, such as broadband video, data center and cloud services, security and managed network services, and local and long distance voice services. The Company has combined Yahoo! Inc.’s operating assets with its existing AOL Inc. business to create a new subsidiary, Oath Inc., owns a diverse house of more than 50 media and technology brands. The Oath portfolio includes HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, Yahoo Finance and Yahoo Mail.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

The projected upper bound is: 45.62.

The projected lower bound is: 43.14.

The projected closing price is: 44.38.

VERIZON COMMS closed up 0.420 at 44.400. Volume was 28% above average (neutral) and Bollinger Bands were 16% narrower than normal.

Open          High          Low          Close          Volume
44.800      44.830      44.277      44.400      19,045,166

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close:                       43.81                45.12               48.42
Volatility:                15                      18                     19
Volume:                  13,578,480      13,711,887      15,050,939

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

VERIZON COMMS gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
VERIZON COMMS is currently 8.3% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of VZ at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on VZ and have had this outlook for the last 20 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 53.7712. This is not an overbought or oversold reading. The last signal was a sell 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 50.48. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 10 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 166.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 9 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 5 period(s) ago.

The following two tabs change content below.

John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

Latest posts by John Heffernan (see all)

You must be logged in to post comments :  
CONNECT WITH