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Downtrend Broken Resist.Archive
- 6/6/2025 -
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Dominion Resources (D) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Dominion Resources (D). During the week, the D dropped -0.90 points, or -1.59%, and closed at 55.77 on Friday, June 6, 2025. It was the worst weekly loss since April 4, 2025. Weekly volume was 9% above average.
 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 30.81 and resistance is at 85.68. 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 downtrend had started on November 1, 2024 at 61.97 and reached 48.07 on April 9, 2025. D lost 13.90 points, or 22.43%, in 22 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (45.71) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See D weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 16, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 58.64 on May 20, 2025. D gained -10.57 points, or -21.99%, in 41 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (55.50) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.
Daily Technical Indicators: [See D daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
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