Verizon Communications Inc. (NYSE:VZ) HEFFX Highlights

Verizon Communications Inc. (NYSE:VZ) HEFFX Highlights

Verizon Communications Inc. (NYSE:VZ) HEFFX Highlights

  • Verizon Wireless users experiencing outage Monday morning
  • Verizon Paid a 400% Premium for Straight Path
  • A few weeks after reversing its stance and joining its peers in offering unlimited data plans, Verizon (VZ) claimed that the move was helping it win customers from other carriers.
  • Verizon Just Spent $3.1 Billion on ‘Spectrum’

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 48.46.

The projected upper bound is: 46.42.

The projected lower bound is: 44.16.

The projected closing price is: 45.29.

VERIZON COMMS closed down -0.460 at 45.380. Volume was 26% above average (neutral) and Bollinger Bands were 15% wider than normal.

Open         High           Low            Close         Volume
45.910      45.940       45.250       45.380       20,379,652

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

Moving Averages: 10-period         50-period      200-period
Close:                       46.13                 48.29             50.29
Volatility:                14                      15                     19
Volume:                  16,073,314      15,569,263      14,693,368

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 is currently 9.8% 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 moderate flows of volume out of VZ (mildly bearish). Our trend forecasting oscillators are currently bearish on VZ and have had this outlook for the last 31 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

HEFFX Momentum

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 6.8183. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 3 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 30.31. 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 8 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 -142.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 8 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 4 period(s) ago.

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John Heffernan

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

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