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How Dominion Energy Stock Is Trading ahead of Its Q4 Results

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Jan. 24 2019, Updated 5:45 p.m. ET

Moving averages

Dominion Energy (D) stock has failed to sustain any upward momentum recently. It has fallen more than 10% in the last month.

This recent weakness has taken Dominion Energy stock below its 200-day moving average level lately, which might concern investors. It’s currently trading at $69.43, nearly 5% below its 50-day moving average and 1% below its 200-day moving average, respectively. The levels of $72.8 and $69.9 will likely act as resistances for the stock going forward.

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Dominion Energy’s RSI (relative strength index) currently stands at 43, indicating that the stock is neither overbought nor oversold. RSI values of above 70 are considered to be in the “overbought” zone, while values of below 30 are considered to be in the “oversold” zone. An RSI score at either extreme suggests an imminent reversal in a stock’s direction.

Dominion Energy stock is trading 10.0% lower than the 52-week high of $77.2 it achieved in December 2018. It has rallied more than 12.0% since hitting its 52-week low of $61.53 in June.

You can read about how top utility stocks have played out recently and where they could go in the near future in Weekly Review: How Utilities Performed Last Week.

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