Dominion Energy stock: buy or sell
Updated on:
Apr 22nd, 2021
1
Dominion Energy stock brief
- Dominion Energy stock just moved 0.11% to close at $80.20 on the stock market on Wednesday.
- The price is currently higher than the upper Bollinger band, which is usually an indicator of a near-term correction
- Credit Suisse Group and KeyCorp published buy ratings for Dominion Energy on Wednesday, with an average forecast of $86.00
- Dominion Energy, Inc. produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets.
Should I buy Dominion Energy stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?
In the current situation of Dominion Energy there is not any eligible buy setup. 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?
Do you know when is it time to sell Dominion Energy?. Trading strategies give us the ability us to avoid impetuous decisions based on our emotions or the noise that surrounds the market. When selling, as well as buying, detailed strategies are very easy to follow and are only applicable for selling stocks you already own, not for shorting Dominion Energy stock
A guiding principle is that you must never hold an operation that results in losses greater than those expected upon purchase. When to sell shares always has to 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 ratings were published for Dominion Energy. General sentiment is bullish, with 2 out of 2 posting optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Apr 21st, 2021 | |
| Credit Suisse Group | Buy |
| KeyCorp | Buy |
Dominion Energy stock analysis
In late March, the price broke out above the previous top at $73.77 on the downtrend started in November 2020. Since then, the price action resulted in a 8.72% profit.
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it means that the stock is currently having a very strong momentum and therefore can reverse the trend to the average. At this point, the price is beyond the upper band, and that should mean a possible near-term correction (at least) until it is below the band
Relative strength index
Crossed up the overbought line Wednesday, with a reading of 77.5. The fact that the value is in the overvalued zone does not in any way imply a sell point, as shares can rise during several weeks being above 70
Dominion Energy stock price history
Dominion Energy started trading on Mar 17th, 1980 at $0.00 per share1. Since then, D stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD at that time would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Dominion Energy stock
Nobody can predict how much a stock will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price predictions released by analysts in the last 30 days. Again, these targets are not direct recommendations for small traders and must not be followed blindly.
The average price target for Dominion Energy stock calculated from the table below is $86.00. Dominion Energy closed at $80.20 on Wednesday, that is a 6.74% than the target price.
| Brokerage firm | Price target |
|---|---|
| Apr 21st, 2021 | |
| Credit Suisse Group | $80.00 → $90.00 |
| KeyCorp | $80.00 → $82.00 |
Earnings and financials
Dominion Energy ($D) had the investors call and released the report last February. Dominion Energy reported earnings of $0.81 per share on sales of $3.5 billion. The Wall St estimate was $0.80 per share on revenue of $4.2 billion.
Compared to the same quarter one year ago, EPS was $1.18, so current EPS is a drop of -31.36%. Looking at sales, figures sank a -21.32% compared to $44.8B same quarter 12 months ago.Dominion Energy ($D) will host the quarterly earnings call next Tuesday. Expected for this quarter is $1.07, compared to $0.81 that was reported for Q4.
Dominion Energy performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Dominion Energy ($D) | 9.00% | 13.40% | 0.10% |
Please read:
The thoughts published in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not know the specific situations of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for learning purposes onlyDominion Energy summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $80.75 |
| Close | $80.2 |
| Day range | $80.01 - $80.85 |
| Previous close | $80.11 |
| Session gain | 0.11% |
| Average true range | $1.19 |
| 50d mov avg | $73.62 |
| 100d mov avg | $73.58 |
| 200d mov avg | $75.83 |
| Earnings date | May 4th, 2021 |