13 Mar

What Verizon’s Latest Technical Indicators Say about Stock

WRITTEN BY Andrew Smith FEATURED IN Price Movement Observations and Tech & Comm Services

Verizon’s moving averages

Now let’s look at Verizon’s (VZ) technical indicators and compare them to its peers in the telecom space. Recently, Verizon stock went above its 20-day and 100-day moving average, which indicates a bullish sentiment in its stock. On March 11, Verizon stock closed the trading day at $57.58. Based on this figure, the stock was trading 2.9% above its 20-day moving average of $55.94, 2.9% above its 50-day moving average of $55.97, and 1.7% above its 100-day moving average of $56.63.

In comparison, AT&T (T) was trading 0.4% below its 100-day moving average, while T-Mobile (TMUS) was trading 5.1% above its average. Sprint (S) was trading 0.2% below its 100-day moving average.

What Verizon’s Latest Technical Indicators Say about Stock

Relative strength index

On March 11, Verizon had a 14-day RSI (relative strength index) level of 63. Meanwhile, Sprint, T-Mobile, and AT&T had a 14-day RSI level of 45, 55, and 48, respectively.

A stock’s 14-day RSI score is measured on a scale of 0 to 100 with a score lower than 30 indicating that a stock is oversold and a score greater than 70 denoting that a stock is overbought. A stock trading between a 14-day RSI level of 30 and 70 suggests balanced trading activity.

MACD

As of March 11, Verizon’s 14-day MACD (moving average convergence divergence) is 0.28. T-Mobile’s 14-day MACD is -0.92, AT&T’s is -0.54, and Sprint’s is -0.16. A stock’s MACD marks the change between its short-term and long-term moving averages. Verizon’s positive MACD level denotes an upward trading trend.

Latest articles

19 Mar

What to Expect from CannTrust's Q4 Earnings

WRITTEN BY Adam Jones

CannTrust (CTST) announced that it's scheduled to report its fourth-quarter earnings on March 28 before the market opens.

Yesterday, Apple (AAPL) launched a newly upgraded range of its iPad Air and iPad mini devices ahead of its March 25 special event.

19 Mar

Nike Gears Up to Deliver Its Q3 2019 Results

WRITTEN BY Sharon Bailey

Nike (NKE) is scheduled to report its earnings results for the third quarter of fiscal 2019 after the market closes on March 21.

On March 18, Chesapeake Energy’s (CHK) implied volatility was 51.9%, which is ~14.7% less than its 15-day average.

19 Mar

Sprint’s Revenue and Earnings Growth

WRITTEN BY Andrew Smith

Sprint (S) reported an adjusted EPS of $0.06 in the first nine months of fiscal 2018—compared to $0.08 during the same period in fiscal 2017.

19 Mar

Oil Bulls: US Oil Exports Tend to Fall More

WRITTEN BY Robert Scott

On March 18, Brent crude oil May futures settled ~$8.2 higher than the WTI crude oil May futures. On March 11, the spread was ~$9.5.