Verizon Communications may rise to 44.90 - 45.90

Our pivot point is at 39.2.

Our preference

Our next up target stands at 44.9.

Alternative scenario

Below 39.2, expect 37.5 and 36.6.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is above its 20 and 50 day moving average (respectively at 40.735 and 40.6078).

Supports and resistances

46.9 **

45.9 *

44.9 **

43.9

40.97 (USD-last)

39.8

39.2 **

37.5 *

36.6 **

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