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.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
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