VZ Range-Bound Ahead of Resistance at $40.81

$Verizon(VZ)$

VZ Climbs +1.00%: Dividend Titan Finds Support Near $40, Eyeing Resistance Break

Latest Close Data

Closed at $40.32 on Dec 26, up +1.00% from the previous close. The stock remains ~15% below its 52-week high of $47.35.

Core Market Drivers

The telecom giant continues to trade as a high-yield defensive play, with its attractive ~6.75% dividend yield providing a floor for investor interest.

Recent trading has been characterized by low volatility and subdued volume, typical for the holiday period.

Technical Analysis

Volume was light at 7.95M shares (Volume Ratio 0.55), indicating a lack of strong conviction.
The 6-day RSI at 49.0 and 12-day RSI at 47.7 are in neutral territory, showing no extreme overbought or oversold conditions.
The MACD histogram improved to -0.149, suggesting a slight deceleration in bearish momentum, though both DIF and DEA lines remain negative.

Key Price Levels

Primary Support: $39.93 (Recent swing low).
Immediate Pivot: $40.32 (Today's close).
Strong Resistance: $40.81 (Near-term high). A decisive break above this level could open the path toward $41.50.

Valuation Perspective

Trading at a forward P/E of 8.60, which is below its historical average of 9.02 and near the lower end of its recent range. This suggests the stock is undervalued relative to its own history.

Analyst Targets

Coverage from 23 analysts shows a consensus "Hold" rating. The average price target is $47.12, implying a potential upside of ~17% from current levels.

Weekly Outlook

Expect consolidation within the $39.90 - $40.80 range in the near term.

A sustained close above $40.81 could trigger a move toward $41.50. Conversely, a break below $39.90 may see a retest of the $39.50 support zone.

Risk Disclaimer

This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including the potential loss of principal. Conduct your own research before making any investment decisions.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.