REAVES UTILITY INCOME FUND - 1H - Technical analysis published on 07/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
39%
22%
39%
My opinion
Bearish under 31.10 USD
My targets
30.05 USD (-2.75%)
28.95 USD (-6.31%)
My analysis
The strong short-term decline in REAVES UTILITY INCOME FUND calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 31.10 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 30.05 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 28.95 USD as an objective. Crossing it would then enable sellers to target 27.31 USD. Be careful, a return to above 31.10 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.2
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Additional analysis
Quotes
The REAVES UTILITY INCOME FUND rating is 30.90 USD. On the day, this instrument lost -0.52% and was between 30.85 USD and 31.02 USD. This implies that the price is at +0.16% from its lowest and at -0.39% from its highest.30.85
31.02
30.90
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of REAVES UTILITY INCOME FUND indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.31 | 28.95 | 30.05 | 30.90 | 31.10 | 32.69 | 33.69 |
| Change (%) | -11.62% | -6.31% | -2.75% | - | +0.65% | +5.79% | +9.03% |
| Change | -3.59 | -1.95 | -0.85 | - | +0.20 | +1.79 | +2.79 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.41 | 30.61 | 30.84 | 31.04 | 31.27 | 31.47 | 31.70 |
| Camarilla | 30.94 | 30.98 | 31.02 | 31.06 | 31.10 | 31.14 | 31.18 |
| Woodie | 30.42 | 30.62 | 30.85 | 31.05 | 31.28 | 31.48 | 31.71 |
| Fibonacci | 30.61 | 30.78 | 30.88 | 31.04 | 31.21 | 31.31 | 31.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.00 | 29.53 | 30.39 | 30.92 | 31.78 | 32.31 | 33.17 |
| Camarilla | 30.86 | 30.99 | 31.11 | 31.24 | 31.37 | 31.50 | 31.62 |
| Woodie | 29.16 | 29.61 | 30.55 | 31.00 | 31.94 | 32.39 | 33.33 |
| Fibonacci | 29.53 | 30.06 | 30.39 | 30.92 | 31.45 | 31.78 | 32.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.75 | 25.80 | 28.40 | 31.45 | 34.05 | 37.10 | 39.70 |
| Camarilla | 29.45 | 29.96 | 30.48 | 31.00 | 31.52 | 32.04 | 32.55 |
| Woodie | 22.53 | 25.69 | 28.18 | 31.34 | 33.83 | 36.99 | 39.48 |
| Fibonacci | 25.80 | 27.96 | 29.29 | 31.45 | 33.61 | 34.94 | 37.10 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.19 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -5.85 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 31.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.86 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 30.81 | |
| Zig ZAG (10): | 31.14 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 70.24 | |
| TEMA (21): | 31.12 | |
| Williams %R (14): | -35.28 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.57 |
| MA7: | 31.07 | |
| MA20: | 30.62 | |
| MA50: | 32.13 | |
| MA100: | 32.80 | |
| MAexp7: | 31.14 | |
| MAexp20: | 31.15 | |
| MAexp50: | 31.08 | |
| MAexp100: | 31.07 | |
| Price / MA7: | -0.55% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | -3.83% | |
| Price / MA100: | -5.79% | |
| Price / MAexp7: | -0.77% | |
| Price / MAexp20: | -0.80% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -0.55% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on REAVES UTILITY INCOME FUND at the time of the generation of this analysis was as follows:
- THE REAVES UTILITY INCOME FUND ANNOUNCES REGULAR MONTHLY DIVIDEND OF $0.19 PER SHARE
- REAVES UTILITY INCOME FUND SECTION 19(a) NOTICE
- REAVES UTILITY INCOME FUND SECTION 19(a) NOTICE
- REAVES UTILITY INCOME FUND SECTION 19(a) NOTICE
- THE REAVES UTILITY INCOME FUND ANNOUNCES REGULAR MONTHLY DIVIDEND OF $0.19 PER SHARE
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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