Here’s what investors need to know.
Verizon Communications stock is showing positive momentum. Where are VZ shares going?
What Is Driving Verizon’s Recent Stock Movement?Verizon recently began trading outside the Dow Jones Industrial Average after being replaced by Alphabet, a shift that can trigger mechanical selling from index-tracking funds. Separately, Verizon agreed to combine its international wireline connectivity and managed network services business with BT Group Plc in a 50-50 joint venture.Verizon said it will contribute its international business and make a $625 million cash payment (distributed to BT), while also flagging charges that include a second-quarter loss of $700 million to $800 million tied to held-for-sale accounting. The company also expects severance charges of $350 million to $450 million and asset rationalization charges of $200 million to $300 million, mainly tied to exiting certain real estate and network assets.Verizon Stock: Key Technical Levels To WatchFrom a longer-term trend perspective, Verizon is still trading below its key moving averages, sitting 7.6% under the 20-day SMA, 9.6% under the 50-day SMA, 11.9% under the 100-day SMA, and 5.1% under the 200-day SMA. That alignment keeps the burden of proof on bulls until price can reclaim at least the 200-day area and then start working back toward the 50-day/100-day zone.Momentum also leans soft: MACD is below its signal line and the histogram is negative, which points to upside pressure fading versus the prior upswing. In plain terms, when MACD is below its signal line, rallies tend to struggle to follow through unless momentum flips back in buyers’ favor.The moving-average structure is mixed: the 20-day SMA is below the 50-day SMA (bearish near-term), but the 50-day SMA remains above the 200-day SMA after the golden cross in February. Traders will also note the recent swing low in April and swing high in May as the most relevant reference points for whether the stock is building a base or just chopping inside a broader downtrend.
