Technical Analysis: VZ's stock shows a consolidation pattern in recent trading sessions, with the price moving between $37.83 and $38.77. The stock closed at $38.60 on February 16th, showing resilience above the $38 support level.
News Impact: Recent news indicates positive sentiment for Verizon:
Price Prediction for Next Week: Based on technical analysis and news sentiment:
The stock is likely to test the $39.00 level next week based on:
Trading Recommendation: BUY
The stock shows strong fundamentals and positive technical setup, suggesting upward momentum in the coming week. The high dividend yield provides additional downside protection.
The price of VZ is predicted to go up 7.82%, based on the high correlation periods with ERO. The similarity of these two price pattern on the periods is 95.73%.
VZ
ERO
Year
VZ Price Forecast($)
Potential Return(%)
2025
45.000
11.770
2026
46.000
16.780
2027
48.000
21.860
2028
45.000
14.240
2029
50.000
26.940
2030
50.000
26.940
A focus on network strength over the past 15 years has put Verizon in an enviable position. Its wireless network provides the broadest coverage in the industry, and its reputation with customers is sterling.
With the largest customer base in the US, Verizon Wireless is the most efficient carrier in the industry, delivering far better profitability than its rivals.
Verizon is relentlessly pushing forward in its core business, expanding its fiber-optic network and deploying 5G wireless technology.
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