Dominion Energy, Inc. (D) stock declined in its latest intraday trading, after hitting resistance at its previous 50-day SMA, which exposed it to negative pressure. The stock is also moving along a short-term corrective downward trend line, while negative signals continue to appear in the Stochastic indicators after previously reaching strongly overbought levels, exaggerated relative to the stocks movement.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 118.65 holds, to then target the support level of 111.55.

Todays price forecast: Bearish.