REAVES UTILITY INCOME FUND

UTG

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	ETF
Ticker:	UTG
ISIN:

REAVES UTILITY INCOME FUND - 1H - Technical analysis published on 07/18/2022 (GMT)

141
0
0

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Analysis too old. There are no more charts available.

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

44%

6%

50%

My opinion

Neutral between 30.05 USD and 32.17 USD

My targets

-

My analysis

The short-term decline on REAVES UTILITY INCOME FUND remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 30.05 USD. The first resistance is located at 32.17 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

REAVES UTILITY INCOME FUND rating 31.02 USD. The price registered a decrease of -0.55% on the session and was between 31.00 USD and 31.23 USD. This implies that the price is at +0.06% from its lowest and at -0.67% from its highest.

31.00

31.23

31.02

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by REAVES UTILITY INCOME FUND:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of REAVES UTILITY INCOME FUND indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

S3

S2

S1

R1

R2

R3

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	27.31	28.95	30.05	31.02	31.10	32.17	32.69
Change (%)	-11.96%	-6.67%	-3.13%	-	+0.26%	+3.71%	+5.38%
Change	-3.71	-2.07	-0.97	-	+0.08	+1.15	+1.67
Level	Major	Major	Minor	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.44	30.59	30.89	31.04	31.34	31.49	31.79
Camarilla	31.07	31.11	31.15	31.19	31.23	31.27	31.31
Woodie	30.52	30.63	30.97	31.08	31.42	31.53	31.87
Fibonacci	30.59	30.76	30.87	31.04	31.21	31.32	31.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.23	30.48	30.84	31.09	31.45	31.70	32.06
Camarilla	31.02	31.08	31.13	31.19	31.25	31.30	31.36
Woodie	30.28	30.51	30.89	31.12	31.50	31.73	32.11
Fibonacci	30.48	30.72	30.86	31.09	31.33	31.47	31.70

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.41
MACD (12,26,9):	0.0000
Directional Movement:	-4.42
AROON (14):	50.00
DEMA (21):	31.05
Parabolic SAR (0,02-0,02-0,2):	30.79
Elder Ray (13):	0.06
Super Trend (3,10):	31.45
Zig ZAG (10):	31.08
VORTEX (21):	0.9800
Stochastique (14,3,5):	80.82
TEMA (21):	31.05
Williams %R (14):	-34.02
Chande Momentum Oscillator (20):	0.08
Repulse (5,40,3):	-0.1300
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.24

MA7:	31.09
MA20:	30.66
MA50:	32.00
MA100:	32.78
MAexp7:	31.08
MAexp20:	31.06
MAexp50:	31.05
MAexp100:	31.06
Price / MA7:	-0.23%
Price / MA20:	+1.17%
Price / MA50:	-3.06%
Price / MA100:	-5.37%
Price / MAexp7:	-0.19%
Price / MAexp20:	-0.13%
Price / MAexp50:	-0.10%
Price / MAexp100:	-0.13%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The latest news and videos published on REAVES UTILITY INCOME FUND at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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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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