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What Verizon’s Latest Technical Indicators Say about Stock

Ambrish Shah - Author
By

Aug. 18 2020, Updated 6:23 a.m. ET

Verizon’s moving averages

Now let’s look at Verizon’s (VZ) technical indicators and compare them to its peers in the telecom space. Recently, Verizon stock went above its 20-day and 100-day moving average, which indicates a bullish sentiment in its stock. On March 11, Verizon stock closed the trading day at $57.58. Based on this figure, the stock was trading 2.9% above its 20-day moving average of $55.94, 2.9% above its 50-day moving average of $55.97, and 1.7% above its 100-day moving average of $56.63.

In comparison, AT&T (T) was trading 0.4% below its 100-day moving average, while T-Mobile (TMUS) was trading 5.1% above its average. Sprint (S) was trading 0.2% below its 100-day moving average.

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Relative strength index

On March 11, Verizon had a 14-day RSI (relative strength index) level of 63. Meanwhile, Sprint, T-Mobile, and AT&T had a 14-day RSI level of 45, 55, and 48, respectively.

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

MACD

As of March 11, Verizon’s 14-day MACD (moving average convergence divergence) is 0.28. T-Mobile’s 14-day MACD is -0.92, AT&T’s is -0.54, and Sprint’s is -0.16. A stock’s MACD marks the change between its short-term and long-term moving averages. Verizon’s positive MACD level denotes an upward trading trend.

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