DOMINION ENERGY INC (D) Stock Technical Analysis
NYSE:D • US25746U1097
Taking everything into account, D scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, D is only an average performer.
- The long and short term trends are both positive. This is looking good!
- D is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so D is lagging the market slightly.
- D has an average volume of 6653320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, D outperforms 64% of them, which is more or less in line with the market.
- D is part of the Multi-Utilities industry. There are 26 other stocks in this industry, D did better than 56% of them.
- In the last month D has a been trading in the 59.53 - 67.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
D has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 61.15, a Stop Loss order could be placed below this zone.
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52.86
When analyzing the support we can see 3 important areas.
- A support zone ranging from 60.58 to 61.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 56.32 to 59.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.39 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 63.33 to 64.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 66.51 to 66.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for D is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for D is up. |
| ChartMill Relative Strength | 64.38 | NEUTRAL | D is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of D is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of D is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of D is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.45 | NEUTRAL | The RSI value for D is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests D has a negative trend. |
| Stochastics (14,3) | 22.94 | NEUTRAL | The Stochastics value for D is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for D suggests some volalility. |
| Average Directional Index/ADX (14) | 24.73 | NEUTRAL | The ADX value for D suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.30 | 62.51 | 1.79 (2.78%) | 25.00% |
| An entry @64.30. This is a Buy Stop order right above the resistance zone. | An exit @62.51. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.79 points, which is 2.78%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of D. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
63.05
-0.09 (-0.14%)
DOMINION ENERGY INC / D FAQ
What is the ChartMill technical rating of DOMINION ENERGY INC (D) stock?
ChartMill assigns a technical rating of 8 / 10 to D.
What is the trend direction for D stock?
The current trend direction for DOMINION ENERGY INC (D) is Bullish.
Can you provide the RSI signal for DOMINION ENERGY INC?
DOMINION ENERGY INC (D) has an RSI value of 50.4507. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DOMINION ENERGY INC?
The MACD indicator for DOMINION ENERGY INC (D) has a value of -0.334973, indicating a bearish trend.
Can you provide the buy/sell signal for DOMINION ENERGY INC?
The buy/sell signal for DOMINION ENERGY INC (D) is buy as both the short term and long term trends are positive.