Dominion Energy Inc (D)
Dominion Energy, Inc., commonly referred to as Dominion, is an American power and energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. Dominion also has generation facilities in Indiana, Illinois, Connecticut, and Rhode Island.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 35.51% per annum.
- D price at the close of July 25, 2024 was $52.30 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 19.06% per annum.
- D price at the close of July 25, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of D price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 28, 2023
End date: July 25, 2024
a = 2.4470
b = 0.0008
s = 0.0420
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 35.51%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0420) – 1
= 18.29%
September 28, 2023 calculations
Top border of price channel:
Exp(Y1,051)
= Exp(a + b × X1,051 + 2 × s)
= Exp(a + b × 1,525 + 2 × s)
= Exp(2.4470 + 0.0008 × 1,525 + 2 × 0.0420)
= Exp(3.8007)
= $44.73
Bottom border of price channel:
Exp(Y1,051)
= Exp(a + b × X1,051 – 2 × s)
= Exp(a + b × 1,525 – 2 × s)
= Exp(2.4470 + 0.0008 × 1,525 – 2 × 0.0420)
= Exp(3.6327)
= $37.82
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.4470 + 0.0008 × 1,826 + 2 × 0.0420)
= Exp(4.0513)
= $57.47
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.4470 + 0.0008 × 1,826 – 2 × 0.0420)
= Exp(3.8833)
= $48.59
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 35.51% per annum.
- D price at the close of July 25, 2024 was $52.30 and was inside the primary price channel.
Secondary Trend
Start date: May 7, 2024
End date: July 25, 2024
a = 4.9713
b = -0.0006
s = 0.0256
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0006) – 1
= -19.06%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0256) – 1
= 10.78%
May 7, 2024 calculations
Top border of price channel:
Exp(Y1,203)
= Exp(a + b × X1,203 + 2 × s)
= Exp(a + b × 1,747 + 2 × s)
= Exp(4.9713 + -0.0006 × 1,747 + 2 × 0.0256)
= Exp(4.0103)
= $55.16
Bottom border of price channel:
Exp(Y1,203)
= Exp(a + b × X1,203 – 2 × s)
= Exp(a + b × 1,747 – 2 × s)
= Exp(4.9713 + -0.0006 × 1,747 – 2 × 0.0256)
= Exp(3.9079)
= $49.79
July 25, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(4.9713 + -0.0006 × 1,826 + 2 × 0.0256)
= Exp(3.9645)
= $52.70
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(4.9713 + -0.0006 × 1,826 – 2 × 0.0256)
= Exp(3.8621)
= $47.57
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 19.06% per annum.
- D price at the close of July 25, 2024 was inside the secondary price channel.