Dominion Resources Inc (DRUA) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DRUA
Overall DRUA gets a technical rating of 0 out of 10. DRUA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 83% of all other stocks performed better in the past year than DRUA.
- DRUA is one of the lesser performing stocks in the Multi-Utilities industry. 100% of 26 stocks in the same industry do better.
- DRUA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month DRUA has a been trading in a tight range between 25.06 and 25.49.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, DRUA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 25.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DRUA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we notice one important area.
- A support zone ranging from 25.06 to 25.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.17 to 26.61. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for DRUA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRUA is down. |
| ChartMill Relative Strength | 17.25 | NEGATIVE | DRUA has a low relative strength, it was outperformed by 82.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRUA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRUA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRUA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.13 | NEUTRAL | The RSI value for DRUA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DRUA has a positive trend. |
| Stochastics (14,3) | 8.14 | OVERSOLD | The low Stochastics value suggests DRUA may be oversold. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for DRUA suggests low volalility. |
NYSE:DRUA (8/30/2021, 8:30:46 PM)
25.09
0 (0%)
Dominion Resources Inc / DRUA FAQ
What is the technical rating for DRUA stock?
ChartMill assigns a technical rating of 0 / 10 to DRUA.
What is the current trend direction of Dominion Resources Inc (DRUA) stock?
The current trend direction for Dominion Resources Inc (DRUA) is Bearish.
What is the RSI signal for DRUA stock?
Dominion Resources Inc (DRUA) has an RSI value of 38.1317. This indicates that the stock is currently neutral.
What is the MACD signal for Dominion Resources Inc (DRUA) stock?
The MACD indicator for Dominion Resources Inc (DRUA) has a value of 0.0063731, indicating a bearish trend.
What is the support and resistance level for DRUA stock?
Dominion Resources Inc (DRUA) has a support level at 25.08 and a resistance level at 25.17. Check the full technical report for our detailed analysis of DRUA support and resistance levels.