Show

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>VZ stock price surged nearly 1.54% in intraday on Monday and closed at $31.25.&nbsp;</a></li>
 <li><span>2</span> <a>Verizon Communications Inc. stock (NYSE: VZ) price shows an accumulation after hitting a 3-year low.&nbsp;</a></li>
 <li><span>3</span> <a>Verizon Communications Inc. is yet to declare quarterly results after which the stock might decide the next trend.</a></li>
</ul>
<p>Verizon Communications Inc. (VZ) stock price has been bearish on the charts after the breakdown of the bearish flag pattern. The VZ stock price declined to hit a 3-year low price. Currently, the stock is showing an accumulation of over 2 weeks near the record low.&nbsp;&nbsp;</p>
<p>The price trend analysis shows that the stock has been on a strong declining trend in the long term. The price has been continuously declining, suffering rejection from the key EMAs. The stock price is down 19.71% in the past six months and wiped out over 21.42% of its market capitalization on a year-to-date basis.&nbsp;</p>
<p>Analysts offering a 1-year price forecast for Verizon Communications Inc. have a maximum estimate of $45 and a minimum estimate of $31.74. Verizon Communications Inc. is a holding company that engages in the communication, information, and entertainment of products and services.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1448" height="772" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465.png" alt="VZ Stock Price Forecast: Can Verizon Communication Stock Recover?" class="wp-image-176334" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465.png 1448w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465-1024x546.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465-768x409.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465-750x400.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465-1140x608.png 1140w" sizes="(max-width: 1448px) 100vw, 1448px">
  <figcaption class="wp-element-caption">
   &nbsp;Source: barchart.com
  </figcaption>
 </figure>
</div>
<p>VZ stock option-chain analysis states that the current implied volatility in the market is 26.94% with a decrement of 2.16% in the last trading session. The at-the-money strike has an OI of 14,529 on the PUT side and 2,423 on the CALL side indicating the buyers dominating at the CMP.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-vz-stock-price-accumulates-near-record-low-strong"><strong>VZ Stock Price Accumulates Near Record Low&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-464.png" alt="VZ Stock Price Forecast: Can Verizon Communication Stock Recover?" class="wp-image-176332" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-464.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-464-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-464-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-464-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-464-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-464-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-464-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: Verizon Communications Inc.&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The <a href="https://www.thecoinrepublic.com/2023/10/10/vz-stock-will-nyse-vz-price-make-a-successful-rebound-soon/" target="_blank" rel="noopener noreferrer nofollow">VZ stock</a> price currently trades at $31.25 with an intraday gain of over 1.5% on Monday. The breakout or breakdown of the consolidation zone may decide the next directional move for the stock price. The company is yet to announce quarterly results on Tuesday, 24th October, which may affect the stock price.&nbsp;</p>
<p>The Wall Street analysts are expecting the company to deliver a revenue of $33 Billion and expecting earnings of $1.18 Billion. An optimistic result may attract the investors and the stock price may show gains.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-emas-show-sideways-trend-in-short-term-strong"><strong>EMAs Show Sideways Trend in Short Term</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1448" height="772" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465.png" alt="VZ Stock Price Forecast: Can Verizon Communication Stock Recover?" class="wp-image-176333" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465.png 1448w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465-1024x546.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465-768x409.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465-750x400.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-465-1140x608.png 1140w" sizes="(max-width: 1448px) 100vw, 1448px">
  <figcaption class="wp-element-caption">
   Source: Verizon Communications Inc. 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The daily <a href="https://www.thecoinrepublic.com/2023/10/10/vz-stock-will-nyse-vz-price-make-a-successful-rebound-soon/" target="_blank" rel="noopener noreferrer nofollow">VZ stock price</a> chart shows that the price slipped below 50-day and 200-day EMA indicating a strong selling prevailed. The RSI is recovering after entering an oversold zone.&nbsp;&nbsp;&nbsp;</p>
<p>The overall technical opinion rating including RSI and MACD is signaling a 90% “sell” with a strengthening short-term outlook on maintaining the current direction.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Verizon Communications Inc. (NYSE: VZ) stock price has been falling for a long time and has reached a 3-year low. The stock is trading at $31.25 and is consolidating near the low. The company will report its quarterly results on Tuesday which may affect the price trend. Analysts expect a revenue of $33 Billion and earnings of $1.18 Billion for Verizon Communications Inc. The stock price could go up to $45 or down to $31.74 in the next year, according to analysts. The stock price is below the key EMAs, indicating a bearish trend.</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 $34.39</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.&nbsp;</p>

VZ Stock Price Forecast: Can Verizon Communication Stock Recover?

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