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S&P 500 Oversold StocksArchive
- 2/28/2025 -
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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 -0.81 points, or -1.41%, and closed at 56.62 on Friday, February 28, 2025. Weekly volume was 17% 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 32.21 and resistance is at 85.94. 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 trend support level is at 54.81 and resistance is at 63.90. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 and getting smaller. 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 Rising Channel chart pattern. The price is near the trend resistance line (56.92). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.
Daily Technical Indicators: [See D daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
12 |
| Industry |
Electric Utilities |
88 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Low |
52.93 |
| Low Date |
02/04/2025 |
| High |
57.79 |
| High Date |
02/27/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Test Resistance |
| Resistance |
56.92 |
| Support |
53.11 |
| Low |
52.44 |
| Low Date |
12/19/2024 |
| High |
57.79 |
| High Date |
02/27/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Broken Resistance |
| Resistance |
54.46 |
| Support |
46.22 |
| High |
61.97 |
| High Date |
11/01/2024 |
| Low |
52.44 |
| Low Date |
12/19/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
63.90 |
| Support |
54.81 |
| Low |
39.18 |
| Low Date |
10/23/2023 |
| High |
61.97 |
| High Date |
11/01/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
85.94 |
| Support |
32.21 |
| High |
90.89 |
| High Date |
02/24/2020 |
| Low |
39.18 |
| Low Date |
10/23/2023 |
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