The next move in a stock's price is often identifiable in advance. This Verizon Communications (NYSE: VZ) report attempts to do that, and in the process help investors learn how price acton can be revealing. Trading plans for VZ make these observations actionable, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Neutral | Strong | Neutral |
P1 | 0 | 0 | 55.38 |
P2 | 56.97 | 57.86 | 58.14 |
P3 | 57.79 | 59.16 | 60.56 |
Long Term Trading Plans for VZ
April 11, 2021, 2:45 am ET
The Technical Summary and Trading Plans for VZ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this VZ Report.
VZ - (Long) Support Plan
The technical summary data tells us to buy VZ near 55.38 with an upside target of 58.14. This data also tells us to set a stop loss @ 55.22 to protect against excessive loss in case the stock begins to move against the trade. 55.38 is the first level of support below 57.49 , and by rule, any test of support is a buy signal. In this case, support 55.38 would be being tested, so a buy signal would exist.
VZ - (Short) Resistance Plan
The technical summary data is suggesting a short of VZ as it gets near 58.14 with a downside target of 55.38. We should have a stop loss in place at 58.31though. 58.14 is the first level of resistance above 57.49, and by rule, any test of resistance is a short signal. In this case, if resistance 58.14 is being tested, so a short signal would exist.