Million

Resistance

Simply

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>VZ stock price decreased by 2.03% over the past week and the current volume is above average volume.</a> </li> 
 <li> <span>2</span> <a>Verizon Communications Inc. ( NYSE: VZ) stock’s 52-week price range is $31 – $52.</a> </li> 
</ul> 
<p>Verizon Communications Inc. is a global company that offers communication, technology, information, and entertainment products and services. It has two segments, a consumer segment and a business segment.</p> 
<p>The Consumer segment provides wireless and wireline services in the US using Verizon, TracFone, Fios, and other brands and networks. It offers wireless voice and data, broadband internet, video, and digital media services.</p> 
<p>The Business segment provides businesses and governments with wireless and wireline services and products worldwide. It offers data, video, conferencing, corporate networking, security and managed networks, local and long-distance voice, network access, and IoT services and products. It also offers FWA broadband through its wireless networks.</p> 
<p>Verizon was founded in 1983 as Bell Atlantic and changed its name in 2000. Its headquarters are based in New York City.</p> 
<p>Since January 2023, VZ stock price has been falling and no buyers have shown interest as the price is moving along the downward trendline. The stock has been under heavy selling pressure from year to date and dropped 14.06% and still going down. In the recent sessions, the price has met resistance near the Fibo 38.20% level.</p> 
<p>VZ publicized its results for the quarter ending in June, on July 25, 2023. It made $32.596 Billion in revenue and $4.65 Billion in net income, from the last three quarters the profit margin is decreasing and so is the stock price.</p> 
<p>Moreover, the VZ stock estimated EPS for Q2’ 23 was 1.166, and the reported EPS was 1.21 which gave a positive surprise of 3.80% and the revenue gave a negative surprise of 2.11%.&nbsp;</p> 
<p>For the next quarter ending in September 2023, VZ expects to earn $1.193 per share and make $33.441 Billion in revenue. It will report its results on October 24, 2023.</p> 
<p>Verizon experienced a decline in its earnings at a rate of 1.2% per year on average, according to Simply Wall St., a financial website. The telecom industry’s average annual earnings growth is 8.5%. Therefore, VZ earnings are lower than the industry average.</p> 
<p>Moreover, Verizon stock performed well in the last month, increasing by 4.69% and plummeting by 6.71% in the last six months. Verizon Communications Inc. (NYSE: VZ) stock has a negative year-to-date return of 14.06% and a one-year return of 17.34%. The average volume is 19.023 Million and the current volume is 19.187 Million where the current volume is above average volume.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-vz-stock-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of VZ Stock Stock Price in 1-D Timeframe</strong></h2> 
<p>Verizon Communications Inc’s (NYSE: VZ) stock price has been declining for the past six months, making lower highs and lows, and dropping by 6.71%. The current VZ price is around $34.18.</p> 
<p>The VZ price might face more downward pressure if it cannot hold the current level and break the nearest support levels of $32 and $31.</p> 
<p>On the other hand, the VZ price might rebound if it can maintain the current level and overcome the first and second resistances of $35 and $36.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="566" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-134-1024x566.png" alt="VZ Stock Price (NYSE: VZ) Prediction: Will It Sustain Or Slid?" class="wp-image-165673" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-134-1024x566.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-134-300x166.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-134-768x424.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-134-750x414.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-134-1140x630.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-134.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: VZ.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<p>At the time of publishing, Verizon Communications Inc. (NYSE: VZ) is trading below the 20 and 50-day EMA. RSI is around 53, showing neutral traits and MACD gave a bullish crossover on the <a href="https://www.thecoinrepublic.com/2023/08/18/vz-stock-price-prediction-will-verizon-communications-break-the-32-level/">charts</a> but the histogram has a very small gap, all these indicators collectively indicating neutral to bearish sentiments in the market of VZ.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Verizon Communications Inc. (NYSE: VZ) indicates that the investors and traders of the <a href="https://www.thecoinrepublic.com/2023/08/18/vz-stock-price-prediction-will-verizon-communications-break-the-32-level/">stock</a> price are neutral to bearish on the 1-D time frame. The price action reflects a neutral to bearish outlook at the time of publishing. The technical analysis tools of the VZ stock price also support the neutral to bearish trend. The MACD, RSI, and EMA highlight collectively mixed signals and imply that the consolidation or downtrend may continue in Verizon’s stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: The nearest support levels for VZ’s stock price are $32 and $31.</li> 
 <li><strong>Resistance levels:</strong> The nearest resistance levels for VZ stock price are $35 and $36.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

VZ Stock Price (NYSE: VZ) Prediction: Will It Sustain Or Slid?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 8, 2023

Which Crypto Will Yield the Biggest Gains in September? Conflux, Gala, or Pomerdoge

SuperEx Teams Up with DAO to Attend Token2049 Singapore Conference, Launching 4 Major Promotional...

XRP’s Trading Volume 4X Higher Than Other Altcoins Over 30 Days

BLUI Token is Up 10,000% Overnight and Crypto Experts Say This Lesser Known Crypto is Next – Here...

Coinbase: 83% of G20 & Top Hubs Have Made Crypto Regulatory Progress

SEC Settles with A Crypto Firm Over Unregistered Crypto Product

Join our free newsletter for daily crypto updates!