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Analyzing Dominion Energy Stock before Its 2Q17 Earnings

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Moving averages

Currently, Dominion Energy (D) stock is trading at a 1% discount and a 1% premium to its 50-day and 200-day moving averages, respectively. Its 50-day moving average level of ~$78.50 might act as resistance, while its 200-day moving average level near $76.22 might act as support in the short term. The trend might set in after Dominion Energy stock crosses above or below these levels.

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Relative strength index

Dominion Energy’s RSI (relative strength index) is near 48.

Currently, NextEra Energy (NEE) stock seems strong. It’s trading at a 3% and 9% premium to its 50-day and 200-day moving averages, respectively. Its RSI is near 61.

To learn more about NextEra Energy’s expected 2Q17 earnings, read How NextEra Energy Looks ahead of 2Q17 Earnings.

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