Annual Forecast for Verizon Communications (2019)

PUBLISHED: Mar 09 2019 @ 11:00 | Comments (0) | More info about Azeez Mustapha

Verizon Communications shares (NYSE:VZ) do not enjoy a strong momentum at the present. The market seems to be consolidating, although the short-term trend is bullish.

The ADX period 14 is below the level 20, showing lack of momentum. The DM+ is not above the DM-, which emphasizes the current trendlessness in the market. The MACD default parameters, has its histogram and signal lines slightly above the zero line, which means there is some underlying forces in the market, which support bulls. Momentum will soon return to this market.

When momentum returns to the market, the most likely position is upside.

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