The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 2/28/2025 -
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Verizon Communications (VZ) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtWeekly  MACD line has moved above its signal lineTrend resistance at 43.74
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtThe price has fallen below the Parabolic SAR
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It was a fourth consecutive positive week for the Verizon Communications (VZ). During the week, the VZ climbed 0.34 points, or 0.80%, and closed at 43.10 on Friday, February 28, 2025. Weekly volume was 27% above average.

VZ is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See VZ long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 30.14 and reached 45.36 on September 30, 2024. VZ gained -15.22 points, or -50.50%, in 51 weeks. The price is now at the 14.85% retracement level.

Medium-term trend: [See VZ medium-term trend chart]
A medium-term downtrend had started on September 30, 2024 at 45.36 and reached 37.58 on January 10, 2025. VZ lost 7.78 points, or 17.15%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (43.74). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See VZ weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See VZ short-term trend chart]
A short-term uptrend had started on January 10, 2025 at 37.58 and reached 43.97 on February 25, 2025. VZ gained -6.39 points, or -17.00%, in 46 days. The price is now at the 13.62% retracement level.

Daily Technical Indicators: [See VZ daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since January 17, 2025. This is an indication that the short-term trend is up.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.11
Overbought
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 83.22
Overbought
Greed/Fear Indicator (GFI) 85.37
Overbought
Moving Average Converg./Diverg. (MACD) 0.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.82
Williams' Percentage Range (W%R) 17.80
Overbought
Lane's Stochastic (%D-Slow) 57.98
Greed/Fear Indicator (GFI) 62.31
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Upper Bollinger Band 44.56
Parabolic System 44.01
Monthly Trendline Resistance 43.74
Daily Stochastic Crossing 43.46
Price 43.10
Weekly Stochastic Crossing 41.65
20 Day Moving Average 41.36
50 Day Moving Average 40.26
Lower Bollinger Band 38.86
Monthly Trendline Support 35.47
Sector and Industry
Description Name Rank
Sector Communication Services 10
Industry Integrated Telecommunication Services 115
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 39.15
Low Date 02/03/2025
High 43.97
High Date 02/25/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.58
Low Date 01/10/2025
High 43.97
High Date 02/25/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 43.74
Support 35.47
High 45.36
High Date 09/30/2024
Low 37.58
Low Date 01/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.14
Low Date 10/06/2023
High 45.36
High Date 09/30/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.22
High Date 12/20/2019
Low 30.14
Low Date 10/06/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.