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What Verizon’s Technical Indicators Suggest

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Verizon’s moving averages

Now let’s take a look at Verizon’s (VZ) technical aspects and compare them to its peers in the telecom space. Recently, Verizon stock went below its 20-day and 100-day moving averages, which indicates a bearish sentiment in its stock. On February 12, Verizon stock closed the trading day at $54.42. Based on this figure, the stock was trading 1.7% below its 20-day moving average of $55.36, 3.3% below its 50-day moving average of $56.27, and 3.3% below its 100-day moving average of $56.25.

In comparison, AT&T (T) was trading 3.5% below its 100-day moving average, while T-Mobile (TMUS) was trading 3.1% above its average. Sprint (S) was trading 0.5% below its 100-day moving average.

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Relative strength index

On February 12, Verizon had a 14-day RSI (relative strength index) level of 44. Meanwhile, Sprint, T-Mobile, and AT&T had 14-day RSI levels of 53, 60, and 47, respectively.

A stock’s 14-day RSI score is measured on a scale of 0 to 100, with a score lower than 30 denoting that a stock is oversold, and a score higher than 70 indicating that a stock is overbought. A stock trading between 14-day RSI levels of 30 and 70 suggests balanced trading activity.

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