Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Verizon Communications stock price slid 3% in intraday and currently trades at $30.85.&nbsp;</a></li>
 <li><span>2</span> <a>Verizon Communications’ share (NYSE: VZ) price delivered a dividend of $0.665 on 6th October, 2023.&nbsp;</a></li>
 <li><span>3</span> <a>The Stock price hit a 13-year low price on Friday’s intraday session.</a></li>
</ul>
<p>Verizon Communications Inc.’s stock price slipped below to hit a 13-year low price on Friday. The VZ company delivered a dividend of $0.665 on Friday, 6th October. The dividend amount will be credited on 1st November to the investor’s bank account.<br><br>The price trend analysis demonstrates that the Verizon Company has been in a declining trend for the last three quarters with some short-term surges. The VZ stock price is down 9.53% a month and over 22% down on a year-to-date basis.&nbsp;</p>
<p>The technical indicators imply that the stock price has stayed below the 200-day EMA indicating a long-term bearishness prevailance. Moreover, the stock price could not sustain above the 50-day EMA and declined indicating a short-term dominance of the sellers at the upper levels.</p>
<p>Recently, the stock price slumped to hit a 13-year low. The stock price opened-gap down due to the dividends and declined in intraday. However, the stock price showed recovery in the last hours and managed to close near the opening price forming a hammer candlestick.<br><br>The price might seek to recover in Monday’s session if it manages to break above Friday’s high. Also, the price might slide more if bulls fail to counter the bears and the stock price breaks below Friday’s low.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="547" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-153-1024x547.png" alt="" class="wp-image-174043" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-153-1024x547.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-153-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-153-768x410.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-153-750x401.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-153-1140x609.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-153.png 1445w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: barchart.com
  </figcaption>
 </figure>
</div>
<p><a href="https://www.thecoinrepublic.com/2023/09/14/can-vz-stock-price-have-the-potential-to-cross-the-50-mark/" rel="noopener noreferrer nofollow">Verizon Communications stock</a> derivatives data analysis states that the current implied volatility in the market is 28.15% with an increment of 1.38% in the last trading session. The at-the-money strike price has 4,243 open contracts on the PUT side and 2,014 open contracts on the CALL side indicating the dominance of sellers at the CMP.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-verizon-communications-stock-price-forecast-for-2023-strong"><strong>Verizon Communications Stock Price Forecast For 2023</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-152-1024x456.png" alt="" class="wp-image-174042" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-152-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-152-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-152-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-152-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-152-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-152-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-152.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: VZ 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The average analyst price target for Verizon Communications stock in 2023 is $38.85, which represents a potential upside of 25.94% from the current price. However, there is a wide range of analyst price targets between $31.74 to $45.00.</p>
<p>The most optimistic analysts believe that Verizon Communications stock could reach $45 in 2023 if the global communication and entertainment industry grows strongly and Verizon Communications is able to successfully launch new products.</p>
<h3 class="wp-block-heading" id="strong-technical-indicators-signal-dominance-of-sellers-strong"><strong>Technical Indicators Signal Dominance of Sellers</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-151-1024x456.png" alt="" class="wp-image-174041" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-151-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-151-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-151-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-151-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-151-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-151-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-151.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: VZ 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The overall technical indicators including RSI and MACD opinion rating for the <a href="https://www.thecoinrepublic.com/2023/09/14/can-vz-stock-price-have-the-potential-to-cross-the-50-mark/" target="_blank" rel="noopener noreferrer nofollow">VZ stock</a> is a 95% “sell” with a strong short-term outlook on maintaining the current trend.&nbsp;&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Verizon Communications’ stock price hit a 13-year low on Friday after paying a dividend of $0.665. The company has been in a downtrend for the last three quarters with occasional rallies. The technical indicators show a bearish sentiment in the long term and short term. The stock price formed a hammer candlestick on Friday, which could indicate a possible reversal or continuation of the downtrend. The analyst price target for 2023 ranges from $31.74 to $45, with an average of $38.85, which is 25.94% higher than the current price.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $30.09 and $29.05</li>
 <li><strong>Resistance Levels:</strong> $31.92 and $32.63</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Verizon Communications Stock Hits 13-Year Low After Dividends

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