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Electric Utilities Industry Stocks Technical Analysis - DArchive
- 4/17/2025 -
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Dominion Resources (D) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Dominion Resources (D). During the week, the D climbed 0.43 points, or 0.82%, and closed at 53.17 on Thursday, April 17, 2025. Weekly volume was 39% above average.
D is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See D long-term trend chart]
A long-term downtrend had started on February 24, 2020 at 90.89 and reached 39.18 on October 23, 2023. D lost 51.71 points, or 56.89%, in 191 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 31.51 and resistance is at 85.81. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See D medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 39.18 and reached 61.97 on November 1, 2024. D gained -22.79 points, or -58.17%, in 53 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (58.32) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support 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 November 8, 2024. 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 April 9, 2025 at 48.07 and reached 54.50 on April 15, 2025. D gained -6.43 points, or -13.38%, in 6 days. The price is now at the 20.68% retracement level.
Daily Technical Indicators: [See D daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
 Candlestick pattern: [See D candlestick chart pattern]
On Friday the chart has formed a Bearish Thrusting Candlestick pattern. This pattern occurs in a downtrend and it shows a rally failure in a down market. This is a weak continuation pattern. The reliability of the Bearish Thrusting pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Thrusting Candlestick pattern during the last week.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
12 |
| Industry |
Electric Utilities |
106 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
48.07 |
| Low Date |
04/09/2025 |
| High |
54.50 |
| High Date |
04/15/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
57.79 |
| High Date |
02/27/2025 |
| Low |
48.07 |
| Low Date |
04/09/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
55.92 |
| Support |
41.62 |
| High |
61.97 |
| High Date |
11/01/2024 |
| Low |
48.07 |
| Low Date |
04/09/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
58.83 |
| Support |
58.32 |
| Low |
39.18 |
| Low Date |
10/23/2023 |
| High |
61.97 |
| High Date |
11/01/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
85.81 |
| Support |
31.51 |
| High |
90.89 |
| High Date |
02/24/2020 |
| Low |
39.18 |
| Low Date |
10/23/2023 |
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