RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of D
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Stronger technical forecast for Dominion Resources stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Dominion Resources stock price gained 3.94% on the last trading day (Wednesday, 27th Mar 2024), rising from $46.68 to $48.52. During the last trading day the stock fluctuated 4.10% from a day low at $46.64 to a day high of $48.55. The price has fallen in 5 of the last 10 days but is still up by 0.94% over the past 2 weeks. Volume fell on the last day by -419 thousand shares and in total, 7 million shares were bought and sold for approximately $317.40 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $48.69 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.17% during the next 3 months and, with a 90% probability hold a price between $45.87 and $49.74 at the end of this 3-month period.

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D Signals & Forecast

The Dominion Resources stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $48.13 and $46.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 8.33%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Dominion Resources stock

Dominion Resources finds support from accumulated volume at $48.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.91 (4.10%) between high and low. For the last week, the stock has had daily average volatility of 2.44%.

Our recommended stop-loss: $46.04 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (D) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Dominion Resources to open at $47.90, and during the day (based on 14 day Average True Range), to move between $47.32 and $49.72, which gives a possible trading interval of +/-$1.20 (+/-2.46%) up or down from last closing price. If Dominion Resources takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $48.51 (0.02%) than the resistance at $49.01 (1.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dominion Resources stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dominion Resources stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.700 Buy Candidate Upgraded

Predicted Opening Price for Dominion Resources of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$47.90 ( 1.27%) $48.52

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for D

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 49.81 2.67 %
R2 49.08 1.16 %
R1 48.63 0.233 %
Current price: 48.52
Support S1 47.17 -2.77 %
S2 46.72 -3.70 %
S3 45.99 -5.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 49.04 1.07 %
R1 49.01 1.01 %
Current price 48.52
Support S1 48.51 -0.0206%
S2 47.86 -1.36%
S3 44.79 -7.69%

D Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 26, 2024 Feb 29, 2024 Mar 20, 2024 $0.668 1.39%
2 Nov 02, 2023 Nov 30, 2023 Dec 20, 2023 $0.670 1.42%
3 Aug 02, 2023 Aug 31, 2023 Sep 20, 2023 $0.668 1.39%
4 May 10, 2023 Jun 01, 2023 Jun 20, 2023 $0.668 1.26%
5 Feb 08, 2023 Mar 02, 2023 Mar 20, 2023 $0.668 1.20%

FAQ

What is the symbol for Dominion Resources Stock and on which exchange is it traded?
The symbol for Dominion Resources is D and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Dominion Resources Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dominion Resources stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Dominion Resources Stock?
Dominion Resources Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dominion Resources Stock.

What's the current price of Dominion Resources Stock?
As of the end of day on the 2024-03-27, the price of an Dominion Resources (D) share was $48.52.

What is the 52-week high and low for Dominion Resources Stock?
The 52-week high for Dominion Resources Stock is $58.69 and the 52-week low is $39.18.

What is the market capitalization of Dominion Resources Stock?
As of the 2024-03-27, the market capitalization of Dominion Resources is 40.633B.

When is the next earnings date for Dominion Resources?
The upcoming earnings date for Dominion Resources is May 03, 2024.
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About Dominion Resources

Dominion Resources Dominion Energy, Inc. produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Gas Distribution segment engages in the regulated na... D Profile

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