Currently, Dominion Energy (D) stock is trading at a marginal discount to its 50-day moving average. It’s trading at a 2% premium to its 200-day simple moving average level. Dominion stock could face support near its 200-day moving average level at ~$76.40. The stock could turn bullish after it crosses above both of these moving average levels.
Dominion Energy’s RSI (relative strength index) stands at 70. The stock seems to be trading on the verge of the “overbought” zone considering its RSI levels. Technical analysts consider RSI levels above 70 to be in the “overbought” zone, while RSI levels below 30 are said to be in the “oversold” zone.
Dominion’s peer and one of the largest utilities, Southern Company (SO) is trading at a marginal premium to its 50-day and 200-day moving average levels. Its RSI is near 77—in the “overbought” zone.