Verizon Communications is neutral

Our pivot point is at 41.5.

Our preference

Short term technical rebound towards 41.5 before a new drop.

Alternative scenario

The upside breakout of 41.5 would call for 43 and 43.8.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above its 20 day moving average (39.6715) but under its 50 day moving average (40.287).

Supports and resistances

43.8 **

43 *

41.5 **

41

40.06 (USD-last)

38.2

37.3 **

36.5 *

35.6 **

Number of asterisks represents the strength of support and resistance levels.