Analyzing Dominion Resources’ Chart Indicators
Dominion Resources’ (D) chart indicators look stable as the stock continues to trade above its simple moving average levels. On April 24, 2017, Dominion stock was trading 2% and 4% above its 50-day and 200-day moving average levels, respectively. The fair premium to both the moving average levels highlights the stock’s strength.
In the short term, Dominion’s 50-day moving average level is near $76.75—it might act as a support. It should be noted that when a stock’s price rises above or falls below a particular moving average, it’s a bullish or bearish sign, respectively.
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Relative strength index
Currently, Dominion Resources’ RSI (relative strength index) stands at 59.
The RSI is a momentum indicator comprised of values between 0 and 100. Movements below 30 are in the “oversold” zone, while movements above 70 are in the “overbought” zone. Extreme RSI levels could indicate an imminent reversal.
Dominion Resources stock did relatively well in the past year and outperformed many of its peers. In the past year, the stock registered a gain of more than 13%. In comparison, peers Southern Company and Duke Energy rose 1% and 6% during the same period.
To learn about what’s happening with Southern Company (SO), Dominion Resources’ peer and one of the largest utilities in the sector (XLU), read After Kemper, Westinghouse’s Bankruptcy Bites Southern Company.