Recently, Verizon (VZ) stock went above its 20-day moving average, which indicates bullish sentiment in the company. On March 20, Verizon stock closed the trading day at $57.67. Based on the figure, the stock was trading 1.2% above its 20-day moving average of $57.01, 2.6% above its 50-day moving average of $56.23, and 1.4% above its 100-day moving average of $56.85.
Relative strength index
We’ll discuss Verizon’s RSI (relative strength index) score, which indicates whether a stock is in the oversold or overbought territory. The RSI score is measured on a scale of zero to 100. A score higher than 70 indicates that a stock is overbought, while a score lower than 30 indicates that a stock is oversold. A stock trading between an RSI score of 30 and 70 suggests balanced trading activity.
As of March 20, Verizon had a 14-day RSI score of 59, which means investors are neutral toward the stock. T-Mobile, Sprint, and AT&T’s 14-day RSI scores are 54, 50, and 52, respectively.