VERIZON COMMUNICATIONS INC ( VZ) (d-w-m) (p2)

  When you you look at the sea of red illustrated points and prices served up to us daily by Mr. and Ms. Fickle Markets, the Verizon Communications Inc. (VZ) charts spring out at us, like an ancient hero, upthrusting his sword to impale a fire breathing dragon.  But, yesterday, the fire breathing dragon took a swipe at the hero, … and the hero stumbled.   What do the charts, like the ancient Oracle of Delphi, suggest, or tell us about the hero’s future?  Let’s take a look at select metrics, as well as the daily, weekly, and monthly (the (d-w-m) in the title) charts.
                                              – –  –
 I.  VERIZON COMMUNICATIONS INC ( VZ)  CUSIP   92343V104
$49.91 Down -0.85 (-1.67 %) as of 4:00:10 PM ET 02/02/2016
Primary Exchange:          NYSE
Index:   DJIA®  S&P 500®
Verizon Investor Relations  webpage for reports and info
  • 52-Week High    02/01/2016    51.02
  • 52-Week Low     08/24/2015   38.06
  • Price Performance (Last 52 Weeks)  02/01/2016  +11.05%
  • Volume   21,606,890
  • Volume (10 day Average)   26,150,402
  • Volume (90 day Average)   15,190,446
Market Capitalization   $206.54 Billion
Shares Outstanding    4,068,873,000
  • Shares Short    50,197,224
  • Short Interest as a % of Shares Outstanding    1.23%
  • Days to Cover   2.74
P/E (Trailing Twelve Months)   11.62
PEG Ratio (5-Year Projected)   2.35
  • Dividend info:
  • Ex-Dividend Date   01/06/16
  • Dividend Pay Date   02/01/16
  • Dividend   $0.565000
  • Dividend Yield (Annualized)    4.45%
 II.  Verizon Comms (VZ) Chart Technicals (d-w-m) thru 2/2/2016 close
 (VZ daily)vz pp20160202
( 1) Analysis of the above VZ DAILY Chart activity thru 2/2/2016 close at  $49.91
The current trend is up and all orders on the long side may be considered.  The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.  If already holding long positions, look to take partial profits on any retracement to 44.43.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 43.79.   Be prepared for a potential short term price pull back to the 48.14 area.
   Suggested standing placement of capital conserving stops:
If Long, exit all contracts at:     43.79
If Short, exit all contracts at:     51.02
 ( 1.a) Additional Daily chart observations
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are trending.
  • Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 46.78.
 ( 1.b) Verizon (VZ) Price projections
  • The upper projected target is:  51.77.
  • The lower projected target is:  48.23.
  • The projected closing price is: 50.00.
  • Note: these price projections are for reference only, and can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.

 ( 1.c)  the Short Entry (SE) signal 

   Looking only at the Short Entry (SE) signal in the above daily chart, generated by my Pivot point indicator, this is food for thought.  In 600 Verizon periods, back tested, it picked 33 trades, 31 winners, 2 losers, with 1 losing long trade and 1 losing short trade.   With an average exit accuracy of 99.4 percent … I have to pay attention.

Pivot point indicator analysis

  • Trade Efficiency
  • Average Entry 59.88 %
  • Average Exit 99.40 %
  • Average Total 59.28 %
  • Average Long Entry 58.99 %
  • Average Long Exit 99.41 %
  • Average Long Total 58.40 %
  • Average Short Entry 61.24 %
  • Average Short Exit 99.39 %
  • Average Short Total 60.62 %

—————————————-

( VZ weekly)  vz pp20160202 wkly
( 2)  Analysis of the above VZ WEEKLY Chart activity thru 2/2/2016 close at  $49.91
The current trend is up and all orders on the long side may be considered.  If already holding long positions, look to take partial profits on any retracement to 43.79.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 43.79.   Be prepared for a potential short term price pull back to the 46.74 area.
   Suggested standing placement of capital conserving stops:
If Long, exit all contracts at:     43.79
If Short, exit all contracts at:     51.02
 ( 2.a) Additional Weekly chart observations
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are moving.
  • Intermediate term: Prices are ranging.
  • Note: this chart shows extraordinary price action to the upside.
 ( 2.b) Verizon (VZ) Price projections
  • The upper projected target is: 53.05.
  • The lower projected target is: 46.81.
  • The projected closing price is: 49.93.
  •   Note: these price projections are for reference only, and can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.

—————————————-

(VZ monthly)  vz pp20160202 mnth
(3)  Analysis of the above VZ Monthly Chart activity thru 2/2/2016 close at  49.91
The current trend is up and all orders on the long side may be considered.  If already holding long positions, look to take partial profits on any retracement to 38.06.   Traders with remaining long positions, after profit taking, should consider placing capital conserving stops in the region of 38.06.   Be prepared for a potential short term price pull back to the 46.15 area.
   Suggested standing placement of capital conserving stops:
If Long, exit all contracts at:     38.06
If Short, exit all contracts at:     51.02
 ( 3.a) Additional Monthly chart observations
  • Overall, the bias in prices is: Upwards.
  • Short term: Prices are stalling.
  • Intermediate term: Prices are trending.
  •   Note: this chart shows extraordinary price action to the upside. ( 3.b) Verizon (VZ) Price projections
  • The upper projected target is: 56.38.
  • The lower projected target is: 43.83.
  • The projected closing price is: 50.11.
  •    Note: these price projections are for reference only, and can be easily exceeded, up or down, by Mr. & Ms. Fickle Markets.
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——  Monday, 2/1/2016 thru Friday 2/5/2016  ——-

  •  ( x)   All Links can be opened in a new tab or new window …
  •  ( xi )  I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly chart analysis

 

Please read:

 
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Hope the above Verizon Communications Inc. (VZ) charts and calculations for Tuesday, 2/2/2016 help your investing and trading today …

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