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Can Verizon Stock Rise from Here?

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Shareholder returns and stock trends

Verizon’s (VZ) closing price on December 10 was $58.27. Based on that price, Verizon has a market cap of $240.8 billion—the highest among all major US mobile operators. The stock is trading 26.4% above its 52-week low of $46.09 per share and 5.4% below its 52-week high of $61.58 per share.

Year-to-date, Verizon’s stock price has risen 10.1%. The stock has generated returns of -0.3% in the trailing-one-month period and 14.1% in the trailing-12-month period. In comparison, T-Mobile (TMUS) and Sprint (S) have seen their stock prices rise 5.1% and 9%, respectively, in the trailing-12-month period. Meanwhile, AT&T’s (T) stock price has fallen 18.6% in the trailing-12-month period.

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Bollinger Band

In the December 10 trading session, Verizon stock closed at $58.27, near its midrange Bollinger Band level of $59.09, suggesting that it’s neither oversold nor overbought.

MACD

As of December 10, Verizon’s 14-day MACD (moving average convergence divergence) is -1.12. T-Mobile’s 14-day MACD is -1.08, AT&T’s is -0.15, and Sprint’s is -0.14. A stock’s MACD marks the change between its long-term and short-term moving averages. Verizon’s negative MACD level denotes a downward trading trend.

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