Pre-market trend | Dominion Energy (D) shows initial bullish signals for utility leaders on 5/19, is defensive capital gathering?

Yesterday's close, Dominion Energy triggered a bullish signal above the zero axis on the daily MACD, with a trading volume of $1.23 billion. As a heavyweight in the utility sector, this trading activity is quite significant. The utility sector has recently shown signs of capital inflow, and the bullish confirmation for Dominion Energy coincides with a rotation window in the sector, typically indicating that defensive capital is gathering in phases, and the buying momentum is shifting from latent to explicit. On the news front, the probability of a Federal Reserve interest rate hike surged to 80%, attracting widespread market attention, with long-term Treasury yields rising in tandem. In a macro environment of rising interest rates, utility stocks often face some valuation pressure due to their stable dividend return characteristics; however, on the other hand, the demand for allocation to defensive assets is also increasing amid rising economic uncertainty. As a leader in various utility fields, Dominion Energy's stable cash flow and dividend policy provide a natural "safe haven" attribute during market fluctuations. Additionally, U.S. April existing home sales data exceeded expectations, rising by 1.4%, indicating that economic activity remains resilient, indirectly supporting the demand side for utilities. From a technical perspective, the bullish signal formed by Dominion Energy's MACD above the zero axis indicates that the medium-term trend is in a relatively strong range, and the confirmation strength of this signal needs to be validated by today's trading volume. If the volume remains stable or even moderately increases, the likelihood of a continued bullish trend is high. Nextera Energy (NEE) rose 1.15% yesterday, creating a certain degree of correlation within the sector, indicating that utilities are not acting alone