Dominion Energy stock: buy or sell

D stock price: $72.08 1.49% At close on Jan 15th, 2021

Updated on:
Jan 16th, 2021

1

Dominion Energy stock brief

  • Dominion Energy closed on Friday at $72.08 after inching a 1.49%.
  • Dominion Energy, Inc. produces and transports energy.

Should I buy Dominion Energy stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $D stock a buy?

Currently, Dominion Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $D will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Dominion Energy stock?

"To sell or not to sell", if you are holding Dominion Energy stock?. Trading strategies allow us to avoid impulsive decisions based on our personal feelings or the noise that surrounds the market. We like very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for selling short Dominion Energy stock

A golden rule is that you should not hold a trading operation that shows a greater losses than those expected at the time of the buy. When to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Dominion Energy stock?

In the current situation of Dominion Energy there is not any eligible sell setup, so Dominion Energy stock holders with operations in profit can keep their positions

Dominion Energy ratings

In the last month, 2 brokerage ratings were published for Dominion Energy

Dominion Energy analysts' ratings - Last 30 days
Brokerage firmRating
Dec 17th, 2020
Credit Suisse Group NeutralBuy
Jan 12th, 2021
KeyCorp

Dominion Energy stock analysis

Dominion Energy stock started an uptrend in September 2020, and gained an awful -3.52%. Rising highs and lows can be seen easily on a chart and how price offered very few entry points on the breakouts. Latest pullback was last October, when price bounced at $78.56. In early December, the uptrend got broken when price dropped under the $78.56 support

SMAs overview

D stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $72.18 (0.14% above)
  • R2: $72.30 (0.31% above)
  • R3: $72.55 (0.65% above)
  • The current support levels are:

  • S1: $71.80 (-0.39% below)
  • S2: $71.54 (-0.75% below)
  • S3: $70.63 (-2.01% below)
  • Bollinger bands

    Since the price broke down the lower band on Thursday, the price has bounced up by 1.52%. The price is trading near to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks

    D stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator is of little use, and we currently are in one of these cases.

    D stock RSI chart

    Dominion Energy stock price history

    Dominion Energy went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, D stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on Mar 1980 would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    D stock price history chart

    Price target for Dominion Energy stock

    Nobody can predict how much a stock will be priced in the future. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    The following table shows the price predictions posted by financial institutions over the last 30 days. If you are a small investor you should not trade based on these predictions.

    The average price target for Dominion Energy stock calculated from the table below is $81.50. Dominion Energy closed at $72.08 on Friday, so the target price is expecting a growth by 13.07%.

    Dominion Energy stock price predictions
    Brokerage firmPrice target
    Dec 17th, 2020
    Credit Suisse Group $83.00
    Jan 12th, 2021
    KeyCorp $80.00$80.00

    Earnings and financials

    Dominion Energy, Inc. ($D) came out with earnings of $1.08 per share last November, slightly beating the Market consensus estimate of $0.99 per share. This Q3 report represents an earnings surprise of 9.09%. Forecasted revenue for this quarter was $4.1 billion but Dominion Energy missed by 12.24%, posting $3.6 billion.

    This compares to Earnings of $1.18 per share same quarter last year, so posted EPS is a loss of -8.47%. Looking at turnover, figures sank a -15.51% compared to $42.7B year over year.

    Dominion Energy ($D) will host the quarterly earnings call early next February. Market forecasts of $0.76, compared to previous quarter that made $1.08.

    Dominion Energy performance

    D performance compared
    Company1m3m6m
    Dominion Energy ($D) -5.50% -10.30% -6.00%

    Important note:
    The thoughts written in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the particular conditions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for informational purposes only

    Dominion Energy summary

    Friday, January 15th, 2021
    Open$71
    Close$72.08
    Day range$70.7 - $72.28
    Previous close$71.02
    Session gain1.49%
    Average true range$1.65
    50d mov avg$77.16
    100d mov avg$78.09
    200d mov avg$77.93
    Earnings dateFebruary 9th, 2021

    Frequently asked questions

    What is Dominion Energy stock symbol?

    Dominion Energy, Inc. is a public company trading in the US stock market with the D symbol

    Is Dominion Energy stock a buy or sell?

    Dominion Energy received 2 ratings in the last 30 days: 1 bullish, 0 bearish and 0 neutral.

    Will D go up?

    Dominion Energy had different price predictions issued by market analysts in the last month forecasting the target price to $81.50. That is a 13.07% than the current price ($72.08).