Annual Forecast for Verizon Communications (2018)

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Verizon Communications shares (NYSE:VZ) are a bull market, which is supposed to continue. From August to November 2017, the trend was largely neutral. But in November 2017, a bullish journey started, which has become strong, and which has held out till today.

The ADX period 14 is around the level 30, which signals a considerable amount of momentum in the market. The DM+ is above the DM-, showing that bulls are dominant.

The MACD, default parameters, has both its signal line and histogram above the zero line. There is a Bullish Confirmation Pattern in the market.

Verizon Communications is bullish and that stance will continue in most part of 2018. It could reach the supply zones at 60.00, 70.00 and 80.00.

 

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