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Here's What Differentiates Dominion Energy from Its Peers

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Part 12
Here's What Differentiates Dominion Energy from Its Peers PART 12 OF 13

Dominion Energy’s Chart Indicators and Short Interest

Chart indicators

Let’s take a look now at Dominion Energy’s (D) chart indicators. On December 5, 2017, Dominion Energy stock was trading 3% above its 50-day moving average and 6% above its 200-day moving average. The fair premium to both of these key moving averages highlights the strength of Dominion stock. Its 50-day moving average of $80.31 is likely to act as a support for the stock going forward. It’s currently trading at $83.12.

Dominion Energy’s Chart Indicators and Short Interest

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Relative strength index

Dominion Energy’s RSI (relative strength index) is 56. According to technical analysts, RSI values below 30 are said to be trading in the “oversold” zone, while values above 70 are said to be in the “overbought” zone. RSI values at extreme levels are generally considered a signal of a reversal in the stock’s direction.

Short interest

Short interest in Dominion Energy stock rose a notable 9% on November 15, 2017. According to a recent report, total shorted shares in Dominion were 12.9 million as of October 31, 2017, while they rose to 14.1 million on November 15, 2017.

The increase in short interest might hint that more investors expect the stock to fall in the near term. Short interest, the total number of shares sold short, ultimately tracks investor anxiety.

To find out more about broader utilities’ (VPU) (XLU) chart indicators and where they might go in the future, be sure to read XLU: What to Expect from US Utility Stocks.

Next, let’s see what analysts think about Dominion Energy (D) stock.

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