Dominion Energy, Inc (D) stock rose in its latest intraday trading, challenging the current resistance level at $58.30. The move comes amid a prevailing short-term corrective uptrend and trading along an ascending trendline. Positive momentum continues as the stock holds above its 50-day SMA, supported further by early bullish signals from the Relative Strength Index. The stock had previously cleared overbought RSI conditions, allowing room for additional gains.
Therefore we expect the stock to rise in upcoming sessions, especially if it breaks above the $58.30 resistance level, targeting the next resistance at $60.25.
Todays price forecast: Bullish.