DRUA Stock Forecast and Technical Analysis
Sell candidate since 2020-04-01 PDF
Dominion Resources Inc. 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076 fell by -1.18% in the last day ( Wednesday, 1st Apr 2020 ) from $24.67 to $24.38 and has now fallen 3 days in a row. During the day the stock fluctuated 1.78% from a day low at $24.08 to a day high of $24.51. The price has been going up and down for this period, and there has been a 19.28% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -9 473 shares and in total 111 844 shares bought and sold for approximately $2.73 million.
DRUA Stock Price Summary
- 30 day high of the DRUA stock price was $26.15 and low was $19.01.
- 90 day high was $26.85 and low was $19.01.
- 52 week high for Dominion Resources Inc. 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076 - $26.85 and low - $19.01.
Dominion Resources Inc. 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076 lies the upper part of a very wide and falling 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 $25.42 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.23% during the next 3 months and, with 90% probability hold a price between $17.19 and $22.06 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Dominion Resources Inc. 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076 holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $24.61. On a fall, the stock will find some support from the short-term average at $24.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Monday March 30, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
DRUA Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 53 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
DRUA Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $22.07 and $20.45.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dominion Resources Inc. 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076 finds support just below today's level at $22.07. If this is broken, then the next support from accumulated volume will be at $20.45 and $20.44.
DRUA Stock Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.43 between high and low, or 1.78%. For the last week, the stock has had a daily average volatility of 3.21%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.21 %Average volatility
Very Low Low Medium High Very High
DRUA Stock Evaluation
Dominion Resources Inc. 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076 holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate candidate.
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