The Greedy Trader Weekly Analysis
Sign In Dec 14, 2018
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Dominion Resources
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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is overboughtMACD bearish divergenceBroken trend resistance line
Daily :The price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a second consecutive positive week for the Dominion Resources (D). During the week, the D gained 1.11 points, or 1.49%, and closed at 75.61 on Friday, December 07, 2018. Weekly volume was 32% above 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 (81.04) 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. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (72.92) 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 medium-term trend.

Weekly Technical Indicators: [See D weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.

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 November 2, 2018 at 68.70 and reached 76.45 on December 4, 2018. D gained -7.75 points, or -11.28%, in 32 days. The price is now at the 10.84% retracement level.

Daily Technical Indicators: [See D daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 9, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.60
Williams' Percentage Range (W%R) 24.10
Lane's Stochastic (%D-Slow) 73.28
Greed/Fear Indicator (GFI) 70.91
Moving Average Converg./Diverg. (MACD) 0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.07
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 70.29
Greed/Fear Indicator (GFI) 69.01
Moving Average Converg./Diverg. (MACD) 0.50 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 86.74
Yearly Trendline Support 81.04
Upper Bollinger Band 75.89
Monthly Trendline Resistance 75.66
Price 75.61
Daily Stochastic Crossing 75.51
Weekly Stochastic Crossing 74.90
20 Day Moving Average 73.88
Quarterly Trendline Support 72.92
Parabolic System 72.88
50 Day Moving Average 72.58
Lower Bollinger Band 71.86
Monthly Trendline Support 68.18
Quarterly Trendline Resistance 68.02
Sector and Industry
Description Name Rank
Sector Utilities 10
Industry Electric Utilities 153
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 68.70
Low Date 11/02/2018
High 76.45
High Date 12/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.56
Low Date 09/27/2018
High 76.45
High Date 12/04/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 75.66
Support 68.18
Low 61.53
Low Date 06/06/2018
High 76.45
High Date 12/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 68.02
Support 72.92
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 86.74
Support 81.04
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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