REAVES UTILITY INCOME FUND - 1H - Technical analysis published on 06/05/2024 (GMT)
- 149
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 27.43 USD
My targets
28.45 USD (+1.07%)
28.69 USD (+1.92%)
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 27.43 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 28.45 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 28.69 USD as an objective. Crossing it would then enable buyers to target 30.16 USD. If the support 27.43 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 opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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 28.15 USD. The price is lower by -0.35% since the last closing with the lowest point at 28.05 USD and the highest point at 28.25 USD. The deviation from the price is +0.36% for the low point and -0.35% for the high point.28.05
28.25
28.15
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of REAVES UTILITY INCOME FUND in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 26.69 | 27.43 | 28.08 | 28.15 | 28.45 | 28.69 | 30.16 |
| Change (%) | -5.19% | -2.56% | -0.25% | - | +1.07% | +1.92% | +7.14% |
| Change | -1.46 | -0.72 | -0.07 | - | +0.30 | +0.54 | +2.01 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.77 | 27.89 | 28.07 | 28.19 | 28.37 | 28.49 | 28.67 |
| Camarilla | 28.17 | 28.20 | 28.22 | 28.25 | 28.28 | 28.31 | 28.33 |
| Woodie | 27.80 | 27.91 | 28.10 | 28.21 | 28.40 | 28.51 | 28.70 |
| Fibonacci | 27.89 | 28.01 | 28.08 | 28.19 | 28.31 | 28.38 | 28.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.72 | 27.08 | 27.75 | 28.11 | 28.78 | 29.14 | 29.81 |
| Camarilla | 28.15 | 28.24 | 28.34 | 28.43 | 28.52 | 28.62 | 28.71 |
| Woodie | 26.89 | 27.16 | 27.92 | 28.19 | 28.95 | 29.22 | 29.98 |
| Fibonacci | 27.08 | 27.47 | 27.71 | 28.11 | 28.50 | 28.74 | 29.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.17 | 25.05 | 26.74 | 27.62 | 29.31 | 30.19 | 31.88 |
| Camarilla | 27.72 | 27.96 | 28.19 | 28.43 | 28.67 | 28.90 | 29.14 |
| Woodie | 24.58 | 25.25 | 27.15 | 27.82 | 29.72 | 30.39 | 32.29 |
| Fibonacci | 25.05 | 26.03 | 26.64 | 27.62 | 28.60 | 29.21 | 30.19 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.99 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -1.72 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 28.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.30 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 28.01 | |
| Zig ZAG (10): | 28.12 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 31.46 | |
| TEMA (21): | 28.17 | |
| Williams %R (14): | -68.92 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.53 |
| MA7: | 28.00 | |
| MA20: | 27.97 | |
| MA50: | 26.87 | |
| MA100: | 26.24 | |
| MAexp7: | 28.13 | |
| MAexp20: | 28.13 | |
| MAexp50: | 28.05 | |
| MAexp100: | 27.91 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | +4.76% | |
| Price / MA100: | +7.28% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.86% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
Don't forget to follow the news on REAVES UTILITY INCOME FUND. At the time of publication of this analysis, the latest news was as follows:
- Reaves Utility Income Fund Section 19(a) Notice
- Reaves Utility Income Fund Section 19(a) Notice
- Reaves Utility Income Fund Announces Regular Monthly Distributions of $0.19 per Share
- 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
Online
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…
Add a comment
Comments
0 comments on the analysis REAVES UTILITY INCOME FUND - 1H