Verizon Communications (VZ) stock declined in its latest intraday trading, as it attempts to gather positive momentum that may support recovery and a renewed rise. With this decline, the stock found support at its previous 50-day SMA, while the main bullish trend remains in control, with trading moving along an upward slope line that supports this path. In addition, a positive divergence has started to form in the Stochastic indicators after reaching strongly oversold levels, exaggerated relative to the stocks movement, with positive signals beginning to appear.

Therefore, we expect the stock to rise in its upcoming trading, provided the support level of 42.88 holds, to then target the key resistance level of 45.75.

Todays price forecast: Bullish.