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Electric Utilities Industry Stocks Technical Analysis - D

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- 3/21/2025 -
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Dominion Resources (D) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :A Parabolic SAR indicator is above and near the price
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It was the negative week for the Dominion Resources (D). During the week, the D gave back -0.13 points, or -0.24%, and closed at 54.55 on Friday, March 21, 2025. Weekly volume was 25% 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 downtrend had started on February 24, 2020 at 90.89 and reached 39.18 on October 23, 2023. D lost 51.71 points, or 56.89%, in 191 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 31.90 and resistance is at 85.89. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See D medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 39.18 and reached 61.97 on November 1, 2024. D gained -22.79 points, or -58.17%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (55.46) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since November 8, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 December 19, 2024 at 52.44 and reached 57.79 on February 27, 2025. D gained -5.35 points, or -10.20%, in 70 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 53.52 and resistance is at 58.50. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

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

The daily MACD line is below its signal line since March 3, 2025. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (54.19) comes close to the price (54.55). It indicates that the trend is getting weaker. 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) 38.99
Williams' Percentage Range (W%R) 66.10
Lane's Stochastic (%D-Slow) 36.99
Greed/Fear Indicator (GFI) 36.61
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.67
Williams' Percentage Range (W%R) 75.20
Lane's Stochastic (%D-Slow) 56.33
Greed/Fear Indicator (GFI) 44.11
Moving Average Converg./Diverg. (MACD) 0.31
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 64.55
Weekly Trendline Resistance 58.50
Upper Bollinger Band 57.44
Quarterly Trendline Support 55.46
Weekly Stochastic Crossing 55.38
20 Day Moving Average 55.34
50 Day Moving Average 55.13
Price 54.55
Daily Stochastic Crossing 54.23
Parabolic System 54.19
Weekly Trendline Support 53.52
Lower Bollinger Band 52.70
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Electric Utilities 101
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 57.79
High Date 02/27/2025
Low 53.27
Low Date 03/06/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 58.50
Support 53.52
Low 52.44
Low Date 12/19/2024
High 57.79
High Date 02/27/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.97
High Date 11/01/2024
Low 52.44
Low Date 12/19/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 64.55
Support 55.46
Low 39.18
Low Date 10/23/2023
High 61.97
High Date 11/01/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 85.89
Support 31.90
High 90.89
High Date 02/24/2020
Low 39.18
Low Date 10/23/2023
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.