uploads///Telecom Q MACD

Reading Verizon’s Moving Averages and Relative Strength

By

Jan. 22 2018, Updated 7:30 a.m. ET

Verizon’s technical indicators

Now we’ll take a look at Verizon’s (VZ) technical indicators and compare them to those of its competitors in the US telecommunications market. 

On January 12, 2018, Verizon stock was trading at $51.86. The stock was trading 1.6% below its 20-day moving average of $52.68, 4.0% above its 50-day moving average of $49.88, and 5.4% above its 100-day moving average of $49.19.

On January 12, 2018, Verizon had a 14-day relative strength index (or RSI) score of 37 compared to AT&T’s (T) score of 30, T-Mobile’s (TMUS) score of 51, and Sprint’s (S) score of 53. Generally, if a stock’s 14-day RSI level is higher than 70, it suggests a probable fall in its price, whereas a 14-day RSI level of below 30 suggests a probable rise in a stock’s price.

Article continues below advertisement

MACD

On January 12, 2018, Verizon had an MACD (moving average convergence divergence) of 0.72. T-Mobile’s MACD is 0.76, AT&T’s is 0.42, and Sprint’s is -0.07. 

The MACD denotes the difference between a stock’s short-term and long-term moving averages. A negative MACD reading means that a stock is in a downward trading trend, while a positive MACD reading means that it’s in an upward trading trend.

Advertisement

More From Market Realist