--- title: "Pre-market trend | Dominion Energy (D) surged nearly 10% on 5/18, can the rebound continue?" type: "News" locale: "en" url: "https://longbridge.com/en/news/286816561.md" description: "Yesterday, Dominion Energy's stock price surged by 9.44% to close at $67.56, breaking through multiple short-term moving averages. The 5-day and 10-day moving averages both turned upward, quickly forming a short-term bullish arrangement. On the daily MACD level, the bullish signal was re-established above the zero line, indicating that buying power is not just a short-term impulse but is further increasing based on a medium-term bullish trend. In terms of trading volume, the day's transaction amount reached $2.7 billion, far exceeding the recent average level, with a remarkable influx of funds, presenting a typical right-side volume expansion pattern. On the news front, the utility sector has recently been favored by risk-averse funds. Against the backdrop of intensified selling in the global bond market and the 10-year Japanese government bond yield reaching a 30-year high, market risk aversion has increased, and utility stocks, with their high dividends and defensive attributes, have become a \"safe haven\" for funds. As a leading player in various utilities, Dominion Energy naturally benefits from this logic. Additionally, Goldman Sachs' latest research report points out that interest rate cut expectations continue to shift, but AI-driven productivity improvements are becoming a new macro support variable, which means an expectation of long-term operating cost improvements for capital-intensive utility companies. From a technical perspective, the current stock price has risen above the previous dense trading area around $68, which was previously a resistance zone; once effectively broken, it will turn into support. The intraday high yesterday reached $68.97, and the low was $66.45, with a fluctuation of over 3.6%, showing that after fierce competition between bulls and bears in the key area, the bulls gained the upper hand" datetime: "2026-05-19T13:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286816561.md) - [en](https://longbridge.com/en/news/286816561.md) - [zh-HK](https://longbridge.com/zh-HK/news/286816561.md) --- # Pre-market trend | Dominion Energy (D) surged nearly 10% on 5/18, can the rebound continue? Yesterday's closing price of Dominion Energy surged by 9.44% to $67.56, breaking through multiple short-term moving averages. The 5-day and 10-day moving averages both turned upward, quickly forming a short-term bullish arrangement. On the MACD daily chart, the bullish signal was re-established above the zero line, indicating that buying power is not just a short-term impulse but is further increasing based on a medium-term bullish trend. In terms of trading volume, the day's transaction amount reached $2.7 billion, far exceeding the recent average level, with an impressive influx of funds, presenting a typical right-side volume expansion pattern. On the news front, the utility sector has recently been favored by risk-averse funds. Against the backdrop of intensified selling in the global bond market and the 10-year Japanese government bond yield hitting a 30-year high, market risk aversion has increased, and utility stocks, with their high dividends and defensive attributes, have become a "safe haven" for funds. As a leading player in various utilities, Dominion Energy naturally benefits from this logic. Additionally, Goldman Sachs' latest research report indicates that expectations for interest rate cuts continue to shift further out, but AI-driven productivity improvements are becoming a new macro support variable, which implies an expectation of long-term operational cost improvements for capital-intensive utility companies. From a technical perspective, the current stock price has risen above the previous dense trading area around $68, which was previously a resistance zone; if effectively broken, it will turn into support. The intraday high yesterday reached $68.97, and the low was $66.45, with a fluctuation of over 3.6%, showing that after fierce competition between bulls and bears in the key area, the bulls gained the upper hand. In terms of sector linkage, NextEra Energy (NEE) fell by 4.63% yesterday, creating a divergence with Dominion, and it is necessary to pay attention to whether there is a rebalancing of funds within the sector. The short-term trend is biased towards bullishness, with the volume breakout combined with the bullish resonance above the zero line providing strong technical support. However, after a significant single-day increase, the risk of short-term profit-taking cannot be ignored. If the subsequent volume cannot be maintained, the stock price may enter a high-level consolidation phase. Watch to see if the $66 level can become an effective support on a pullback. _This article provides only technical analysis and market information for reference and does not constitute any investment advice. 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