Dominion Energy, Inc. (D) declined in its latest intraday trading, amid continued negative and dynamic pressure from trading below its 50-period simple moving average. This comes while a corrective bearish wave dominates the short term, following the stock’s earlier break of a main ascending trendline. In addition, a bearish crossover is beginning to appear on the RSI after reaching extremely overbought levels.

 

Therefore we expect the stock price to decline further in the upcoming trading sessions, as long as resistance at $60.25 holds, to target the support level at $57.55.

 

Today’s price forecast: Bearish