Verizon Communications Inc. saw its stock jump sharply on July 24 following a strong Q2 earnings report that beat expectations by 2.36%, despite revenue coming in 3% below forecasts. The company also raised its full-year 2026 guidance and reported record EBITDA, signaling improved fundamentals.
Adding to the positive momentum, Verizon announced a strategic partnership with Google valued at over $1 billion, which should provide long-term revenue stability. The firm also reported an impressive gain of 184,000 postpaid phone net subscribers, a figure that exceeded analyst predictions and underscored solid customer growth.
Shares climbed to an intraday peak of $45.45, testing a critical resistance level near the upper Bollinger Band at $45.48. However, the stock closed slightly lower at $44.89, just below the 50-day and 200-day exponential moving averages, which currently stand at $44.93 and $45.05 respectively. This technical setup suggests the stock is in a recovery phase but has yet to confirm a full bullish reversal.
Momentum indicators such as the MACD continue to improve, with positive histogram readings, though the lines remain below zero. The RSI at 55.27 remains neutral, offering room for potential upside if buying interest continues. The next notable resistance to watch is around $45.57, representing the first pivot point above the current price.
While the fundamentals paint a more optimistic outlook after the earnings beat and strategic deal, the market’s technical reaction reflects caution amid pending confirmation of a trend shift. Investors will likely monitor whether Verizon can break decisively above key moving averages to sustain its recent gains.
