Verizon stock weekly forecast: Bearish setup persists amid low advance probability and oversold technical indicators

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Verizon slips 0.71% over the week

Highlights

Shares of Verizon closed at $44.4, slipping slightly over the past week and remaining below key moving averages.
Technical momentum is firmly negative, with daily indicators showing strong downside pressure and a persistent bearish structure.
Price action is seen within a $42.75 to $45.28 range for the next five days, with $43.05 as key support and $45.03 as resistance.

Regulatory action and 6G milestone shape sentiment ahead of earnings release

Verizon is set to report its third-quarter earnings before the market opens on October 26, with earnings per share projected at $1.27 according to Yahoo Finance and The Globe and Mail. In the regulatory arena, Verizon and other issuers have formally objected to unauthorized tokenized trading of their shares on the OKX-ICE platform, prompting SEC-backed action to block the listings as reported by Yahoo Finance and CoinDesk. Additionally, Verizon and Ericsson recently completed what they describe as the first pre-standard 6G outdoor field call in the 7 GHz band, which Simply Wall St News highlights as a step forward for future technology initiatives.

Downside momentum strengthens as MACD and ADX confirm weekly weakness

The daily chart shows a sustained move lower with a firm trend, supported by a negative MACD reading of -1.27 and an ADX of 31.31 indicating strong downside momentum. Both the RSI (38.21) and CCI (-89.1) are approaching oversold, which may temper further declines but have yet to trigger a reversal. The nearest support sits at $43.05, while resistance is marked at $45.03, with the Ichimoku Kijun at $46.17 also acting as a barrier. Although volatility over the past week was 4.6%, daily momentum remains consistently weak.

Pressure likely to persist with downside risks below key support next week

For the next five trading days, the expected range is $42.75 to $45.28. There is a very high probability of a decrease and a very low probability of an advance, setting the base case as continued pressure within this range. A bullish turn above $45.03 would challenge the local downtrend, while a decisive break below $43.05 would open the door to further losses toward the lower end of the forecast range.

Viktoras Karapetjanc, expert at Traders Union, sees shares of Verizon holding firm near $44.4 despite clear dominance by sellers over the past week. He notes that negative momentum persists, yet upcoming third-quarter earnings and regulatory actions surrounding tokenized trading could catalyze a shift in sentiment. Technicals show downside pressure remains strong, but key oscillators such as RSI and CCI are nearing oversold and could support stabilization. With support at $43.05 and resistance at $45.03, the analyst sees an opportunity for bulls to regain ground if positive catalysts emerge. "If shares break above $45.03 this week on solid earnings or regulatory clarity, I expect further growth and renewed investor confidence in Verizon's forward-looking initiatives."

Earlier, analysts noted that persistent technical weakness and sector competition were keeping downside risks elevated for Verizon shares. The current environment not only confirms this cautious outlook with continued bearish momentum but also introduces additional regulatory uncertainties, making the $43.05 support level crucial to monitor in the days ahead.

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

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