The Greedy Trader Weekly Analysis
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Dominion Resources
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Summary:
Weekly :Overbought sectorBroken trend support linePrice is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a fourth consecutive positive week for the Dominion Resources (D). During the week, the D gained 1.84 points, or 2.70%, and closed at 70.02 on Friday, July 06, 2018. Weekly volume was -20% 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 uptrend had started on March 9, 2009 at 27.15 and reached 85.30 on December 18, 2017. D gained -58.15 points, or -214.18%, in 458 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (78.69) 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 long-term trend.

Medium-term trend: [See D medium-term trend chart]
A medium-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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See D weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 15, 2018. Use the following link to access a MACD help.

Short-term trend: [See D short-term trend chart]
A short-term uptrend had started on June 6, 2018 at 61.53 and reached 70.09 on July 6, 2018. D gained -8.56 points, or -13.91%, in 30 days. Price is near the trend high.

Daily Technical Indicators: [See D daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since June 11, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.06
Williams' Percentage Range (W%R) 4.80
Strong Overbought
Lane's Stochastic (%D-Slow) 91.88
Strong Overbought
Greed/Fear Indicator (GFI) 88.39
Overbought
Moving Average Converg./Diverg. (MACD) 1.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.88
Williams' Percentage Range (W%R) 44.30
Lane's Stochastic (%D-Slow) 68.38
Greed/Fear Indicator (GFI) 60.81
Moving Average Converg./Diverg. (MACD) -3.21
Trading Signals
Description Value Chart
Yearly Trendline Support 78.69
Upper Bollinger Band 71.20
Price 70.02
Daily Stochastic Crossing 69.95
Parabolic System 68.66
Weekly Stochastic Crossing 68.63
20 Day Moving Average 66.87
50 Day Moving Average 65.27
Lower Bollinger Band 63.25
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.53
Low Date 06/06/2018
High 70.09
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.53
Low Date 06/06/2018
High 70.09
High Date 07/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.53
Low Date 06/06/2018
High 70.09
High Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.30
High Date 12/18/2017
Low 61.53
Low Date 06/06/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 86.11
Support 78.69
Low 27.15
Low Date 03/09/2009
High 85.30
High Date 12/18/2017
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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