REAVES UTILITY INCOME FUND - 1H - Technical analysis published on 08/05/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 31.96 USD
My targets
32.70 USD (+1.36%)
33.69 USD (+4.43%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on REAVES UTILITY INCOME FUND. As long as you are above the support located at 31.96 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 32.70 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 33.69 USD as an objective. Crossing it would then enable buyers to target 34.32 USD. If the support 31.96 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3
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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 32.26 USD. The price registered a decrease of -0.52% on the session and was between 32.00 USD and 32.50 USD. This implies that the price is at +0.81% from its lowest and at -0.74% from its highest.32.00
32.50
32.26
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this REAVES UTILITY INCOME FUND chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31.10 | 31.37 | 31.96 | 32.26 | 32.70 | 33.69 | 34.32 |
| Change (%) | -3.60% | -2.76% | -0.93% | - | +1.36% | +4.43% | +6.39% |
| Change | -1.16 | -0.89 | -0.30 | - | +0.44 | +1.43 | +2.06 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Intermediate |
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 | 32.07 | 32.20 | 32.32 | 32.45 | 32.57 | 32.70 | 32.82 |
| Camarilla | 32.36 | 32.38 | 32.41 | 32.43 | 32.45 | 32.48 | 32.50 |
| Woodie | 32.06 | 32.20 | 32.31 | 32.45 | 32.56 | 32.70 | 32.81 |
| Fibonacci | 32.20 | 32.30 | 32.36 | 32.45 | 32.55 | 32.61 | 32.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.60 | 30.17 | 31.24 | 31.81 | 32.88 | 33.45 | 34.52 |
| Camarilla | 31.85 | 32.00 | 32.15 | 32.30 | 32.45 | 32.60 | 32.75 |
| Woodie | 29.84 | 30.30 | 31.48 | 31.94 | 33.12 | 33.58 | 34.76 |
| Fibonacci | 30.17 | 30.80 | 31.19 | 31.81 | 32.44 | 32.83 | 33.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.46 | 29.27 | 30.78 | 31.59 | 33.10 | 33.91 | 35.42 |
| Camarilla | 31.66 | 31.88 | 32.09 | 32.30 | 32.51 | 32.73 | 32.94 |
| Woodie | 28.82 | 29.45 | 31.14 | 31.77 | 33.46 | 34.09 | 35.78 |
| Fibonacci | 29.27 | 30.15 | 30.70 | 31.59 | 32.47 | 33.02 | 33.91 |
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): | 48.39 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -7.20 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 32.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.54 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 32.62 | |
| Zig ZAG (10): | 32.24 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 40.11 | |
| TEMA (21): | 32.23 | |
| Williams %R (14): | -54.24 | |
| Chande Momentum Oscillator (20): | -0.32 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.56 |
| MA7: | 32.24 | |
| MA20: | 31.46 | |
| MA50: | 31.72 | |
| MA100: | 32.66 | |
| MAexp7: | 32.25 | |
| MAexp20: | 32.29 | |
| MAexp50: | 32.10 | |
| MAexp100: | 31.77 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +2.54% | |
| Price / MA50: | +1.70% | |
| Price / MA100: | -1.22% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +1.54% |
Quotes :
-
15 min delayed data
-
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:
- REAVES UTILITY INCOME FUND SECTION 19(a) NOTICE
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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