VZ breaks below previous session low

Verizon Communications Inc. (VZ) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team


VZ dominated by bears dragging the market lower throughout the day
VZ breaks below previous session low


VZ ended the week 0.38% higher at 52.47 after losing $0.54 (-1.02%) today on low volume. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 52.66, the share confirms its breakout through the prior session's low having traded $0.39 below it intraday.

Daily Candlestick Chart (VZ as at Aug 10, 2018):

Daily technical analysis candlestick chart for Verizon Communications Inc. (VZ) as at Aug 10, 2018

Friday's trading range was $0.66 (1.25%), that's slightly below last trading month's daily average range of $0.76. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Selling might speed up should prices move below the nearby swing low at 51.76 where further sell stops could get activated.

Market Conditions for VZ as at Aug 10, 2018

Loading Market Conditions for VZ (Verizon Communications Inc.)...
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