Dominion Energy stock: buy or sell
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
| Brokerage firm | Rating |
|---|---|
| Dec 17th, 2020 | |
| Credit Suisse Group | Neutral → Buy |
| 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
Supports and resistances
The current resistances are:
The current support levels are:
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
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.
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
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%.
| Brokerage firm | Price 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 $1.08.
Dominion Energy performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Dominion Energy ($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 onlyDominion Energy summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $71 |
| Close | $72.08 |
| Day range | $70.7 - $72.28 |
| Previous close | $71.02 |
| Session gain | 1.49% |
| Average true range | $1.65 |
| 50d mov avg | $77.16 |
| 100d mov avg | $78.09 |
| 200d mov avg | $77.93 |
| Earnings date | February 9th, 2021 |