Verizon is all set to offer 5G service for mobile phones. On Wednesday, the company announced the details of the launch.
Verizon said that Chicago and Minneapolis would be the first cities to get its next-generation wireless technology for mobile phones starting April 11. The telecom giant’s existing customers with unlimited data plans can add the 5G service for $10 more a month. At launch, the only supported device would be the Motorola Z3 with the 5G Moto Mod. Later on in the year, Verizon expects to make 5G accessible to users of Samsung Galaxy S10 5G and LG’s V50 ThinQ as well.
Prices start at $85 a month for the base Go Unlimited plan. Verizon also mentioned, “5G data usage with the moto mod is unlimited with no data de-prioritization”.
Verizon could already be up against rival carriers in the 5G space. Last month, Sprint announced that it will launch its 5G service in May, with Atlanta, Chicago, Dallas and Kansas City to be the initial cities to have the service, followed by Houston, Los Angeles, New York, Phoenix and Washington. Sprint said that 5G phones from LG Corp. and Samsung Electronics Co. would be available for the launch. AT&T has a version of its 5G service accessible to hotspot devices in parts of 12 cities, and it hopes to cover seven more markets by mid-year. T-Mobile US Inc. is expected to launch its mobile 5G service in 30 U.S. cities this year.
The Moving Average Convergence Divergence (MACD) for VZ turned positive on March 21, 2024. Looking at past instances where VZ's MACD turned positive, the stock continued to rise in of 54 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on March 20, 2024. You may want to consider a long position or call options on VZ as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
VZ moved above its 50-day moving average on March 25, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VZ advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for VZ crossed bearishly below the 50-day moving average on March 08, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where VZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
VZ broke above its upper Bollinger Band on March 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for VZ entered a downward trend on March 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.911) is normal, around the industry mean (5.298). P/E Ratio (15.258) is within average values for comparable stocks, (107.321). Projected Growth (PEG Ratio) (1.155) is also within normal values, averaging (9.557). Dividend Yield (0.063) settles around the average of (0.087) among similar stocks. P/S Ratio (1.320) is also within normal values, averaging (71.281).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. VZ’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. VZ’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of wired and wireless telecommunication services
Industry WirelessTelecommunications