Trading between macro means on long term basis, price signalling uncertainty. Price has recently failed 5-year mean at 44 and is now between it and 10-year mean at 38. No trend on macro basis is an outlier, indicating that currently long term institutional investors are unsure regarding this company.
On short term basis VZ is on a risk of further decline, as it is trades below 1st st deviations from both quarterly and yearly means
Both short term levels are above 5 year mean, so as long as price will be trading below 44, it risks to fall onto the 10-year mean at 38