The Greedy Trader Weekly Analysis
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Archive
- 4/12/2019
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Dominion Resources
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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Dominion Resources (D). During the week, the D dropped -1.03 points, or -1.33%, and closed at 76.44 on Friday, April 12, 2019. Weekly volume was -26% below average.

D is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See D long-term trend chart]
A long-term downtrend had started on December 18, 2017 at 85.30 and reached 61.53 on June 6, 2018. D lost 23.77 points, or 27.87%, in 24 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (69.75) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See D medium-term trend chart]
A medium-term uptrend had started on January 15, 2019 at 67.41 and reached 77.50 on April 5, 2019. D gained -10.09 points, or -14.97%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (77.61) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See D weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 22, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See D short-term trend chart]
A short-term downtrend had started on April 5, 2019 at 77.50 and reached 75.54 on April 10, 2019. D lost 1.96 points, or 2.53%, in 5 days. The price is now at the 45.92% retracement level.

Daily Technical Indicators: [See D daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.94
Williams' Percentage Range (W%R) 49.40
Lane's Stochastic (%D-Slow) 45.27
Greed/Fear Indicator (GFI) 49.92
Moving Average Converg./Diverg. (MACD) 0.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.64
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 89.75
Overbought
Greed/Fear Indicator (GFI) 80.30
Overbought
Moving Average Converg./Diverg. (MACD) 0.87
Trading Signals
Description Value Chart
Upper Bollinger Band 77.62
Monthly Trendline Support 77.61
Monthly Trendline Resistance 77.59
Parabolic System 77.50
Weekly Stochastic Crossing 76.95
Price 76.44
Daily Stochastic Crossing 76.34
20 Day Moving Average 76.30
50 Day Moving Average 75.06
Lower Bollinger Band 74.85
Yearly Trendline Resistance 74.55
Yearly Trendline Support 69.75
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 109
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.54
Low Date 04/10/2019
High 76.50
High Date 04/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.50
High Date 04/05/2019
Low 75.54
Low Date 04/10/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 77.59
Support 77.61
Low 67.41
Low Date 01/15/2019
High 77.50
High Date 04/05/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.53
Low Date 06/06/2018
High 77.50
High Date 04/05/2019
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 74.55
Support 69.75
High 85.30
High Date 12/18/2017
Low 61.53
Low Date 06/06/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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