The Greedy Trader Weekly Analysis
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Dominion Resources (D)

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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Dominion Resources (D). During the week, the D dropped -1.84 points, or -2.38%, and closed at 75.32 on Friday, July 23, 2021. Weekly volume was -80% below average.

Long-term trend: [See D long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 27.15 and reached 90.89 on February 24, 2020. D gained -63.74 points, or -234.77%, in 572 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 73.17 and resistance is at 94.54. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See D medium-term trend chart]
A medium-term downtrend had started on May 3, 2021 at 81.08 and reached 73.11 on July 1, 2021. D lost 7.97 points, or 9.83%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 71.82 and resistance is at 76.10. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See D weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 25, 2021. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See D short-term trend chart]
A short-term uptrend had started on July 1, 2021 at 73.11 and reached 78.13 on July 19, 2021. D gained -5.02 points, or -6.87%, in 18 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 74.44 and resistance is at 79.20. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See D daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 6, 2021. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.81
Williams' Percentage Range (W%R) 70.30
Lane's Stochastic (%D-Slow) 26.73
Greed/Fear Indicator (GFI) 37.41
Moving Average Converg./Diverg. (MACD) -0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.93
Williams' Percentage Range (W%R) 49.00
Lane's Stochastic (%D-Slow) 25.40
Greed/Fear Indicator (GFI) 41.19
Moving Average Converg./Diverg. (MACD) -0.08
Trading Signals
Description Value Chart
Weekly Trendline Resistance 79.20
Parabolic System 77.90
Upper Bollinger Band 77.19
Monthly Trendline Resistance 76.10
50 Day Moving Average 76.02
Price 75.32
20 Day Moving Average 75.14
Daily Stochastic Crossing 75.03
Weekly Stochastic Crossing 74.69
Weekly Trendline Support 74.44
Lower Bollinger Band 73.67
Yearly Trendline Support 73.17
Monthly Trendline Support 71.82
Sector and Industry
Description Name Rank
Sector Utilities 7
Industry Electric Utilities 53
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 78.13
High Date 07/19/2021
Low 74.22
Low Date 07/22/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 79.20
Support 74.44
Low 73.11
Low Date 07/01/2021
High 78.13
High Date 07/19/2021
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 76.10
Support 71.82
High 81.08
High Date 05/03/2021
Low 73.11
Low Date 07/01/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 90.89
High Date 02/24/2020
Low 57.79
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 94.54
Support 73.17
Low 27.15
Low Date 03/09/2009
High 90.89
High Date 02/24/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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