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Uptrend SupportArchive
- 12/13/2024 -
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Dominion Resources (D) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Dominion Resources (D). During the week, the D dropped -2.01 points, or -3.59%, and closed at 54.04 on Friday, December 13, 2024. Weekly volume was 17% above average.
 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 33.24 and resistance is at 86.14. 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 price is near the trend support (54.03) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See D weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 below its signal line since November 8, 2024. 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 November 27, 2024 at 60.26 and reached 53.54 on December 12, 2024. D lost 6.72 points, or 11.15%, in 15 days. The price is now at the 7.44% retracement level.
 Daily Technical Indicators: [See D daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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