Verizon stock rises nearly 2% as company lifts full-year guidance and expands buyback target

Traders Union
All News
Stocks
Verizon rises 1.66% today to $49.37

Highlights

Verizon posted second-quarter 2026 revenue of $34.3 billion and net income of $3.9 billion, raising its full-year guidance again.
The company expanded its buyback target to $4.5 billion and maintains a 20-year streak of dividend increases with a 6% yield.
Verizon stock sits in a bullish trend near $49.37, with consolidation likely in the $48.33 to $50.38 range and oscillators warning of overbought conditions.

Outlook raised and buyback expanded amid legal setback

Verizon reported second-quarter 2026 revenue of $34.3 billion and net income of $3.9 billion, prompting an increase to its full-year financial guidance for the second consecutive quarter. The company expanded its share buyback target to up to $4.5 billion and highlighted its 20-year record of consecutive dividend increases, with the current yield around 6%. Verizon was recently denied a petition by the U.S. Supreme Court to recover a $47 million FCC fine regarding customer location data.

Anton Kharitonov, expert at Traders Union, notes that Verizon’s upside is built on recent positive earnings and aggressive buyback expansion. He sees the technical setup as currently bullish but warns of several overbought signals and neutral trend strength from the ADX. The failure to recover the FCC fine may weigh on future sentiment. Kharitonov cautions that price action near resistance and overbought oscillators could trigger near-term correction. "Traders should watch for signs of exhaustion and protect gains around the $50 level."

Viktoras Karapetjanc, expert at Traders Union, highlights Verizon’s strong fundamentals and resilient investor demand. The recent raised guidance, dividend growth, and expanded buyback all reinforce confidence in long-term value. Karapetjanc observes that the bullish structure remains intact above key averages with momentum still supportive. He believes further growth is likely if resistance at $50.38 breaks. "This market offers multiple bullish setups — expect positive follow-through as sentiment and fundamentals align."

Sholanke Dele, market strategist, remains skeptical about sustained upside in Verizon after this rally. He points to mixed momentum signals and a low ADX reading as evidence that trend strength may be fading. Overbought indicators heighten the risk of a reversal. "Caution is warranted — a failed breakout above $50.38 could quickly shift sentiment."

Overbought momentum as price nears resistance on mixed signals

Verizon is trading above the 20-day, 50-day, and 200-day moving averages at $46.98, $45.47, and $45.08, respectively, indicating a solid bullish trend across all time horizons. The near-term support is established at $49.01, with immediate resistance at $50.38, and the Ichimoku Kijun at $45.61 underscoring ongoing bullish momentum. Momentum signals are mixed: the MACD is positive and issues a 'Buy' forecast, while the ADX at 14.13 indicates neutral trend strength. The RSI is elevated at 63.82 with a 'Buy' bias. However, both the Stochastic RSI at 90.09 and the CCI at 142.57 point to overbought conditions. Bull/Bear Power (BBP) at 1.6 confirms buyer dominance but is also in overbought territory. The Awesome Oscillator (AO) aligns with the bullish outlook. The stock gained to $49.37 today, going up 0.805 points or 1.66%, after an opening upside gap of approximately 0.24 points (0.49%). The price is near the day's high with intraday volatility at 0.97%, while oscillators warn of exhaustion that diverges from current positive momentum signals.

Earlier, analysts noted that Verizon maintained a constructive technical outlook, with buyers largely controlling the trend amid emerging overbought conditions. The latest rally, bolstered by upgraded guidance and an expanded buyback, further strengthens the bullish scenario, with the focus now on whether the stock can sustain momentum above immediate resistance at $50.38.

Source of Data: VZ Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.