REAVES UTILITY INCOME FUND
UTG
- USD (-)
- 15 min delayed data - NYSE MKT Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: ETF
Ticker: UTG
ISIN:

REAVES UTILITY INCOME FUND - 1H - Technical analysis published on 11/01/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Bearish
Underlying: Slightly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 32.97 USD
My targets
32.30 USD (-0.58%)
31.62 USD (-2.68%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade REAVES UTILITY INCOME FUND with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 32.97 USD. The next bearish objective for sellers is set at 32.30 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 31.62 USD. In case of crossing, the next objective would be the support located at 31.23 USD. In the event of a bullish break in the resistance located at 32.97 USD a certain indecision would take hold.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.6

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:
15 min. Daily Weekly

Additional analysis

Quotes

REAVES UTILITY INCOME FUND rating 32.49 USD. The price is lower by -0.09% since the last closing and was traded between 32.49 USD and 32.90 USD over the period. The price is currently at 0% from its lowest and -1.25% from its highest.

32.49
32.90
32.49

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of REAVES UTILITY INCOME FUND indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 31.23 31.62 32.30 32.49 32.61 32.97 35.93
Change (%) -3.88% -2.68% -0.58% - +0.37% +1.48% +10.59%
Change -1.26 -0.87 -0.19 - +0.12 +0.48 +3.44
Level Major Minor Intermediate - Major Intermediate 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
Standard31.9432.2232.3532.6332.7633.0433.17
Camarilla32.3832.4232.4532.4932.5332.5732.60
Woodie31.8832.1832.2932.5932.7033.0033.11
Fibonacci32.2232.3732.4732.6332.7832.8833.04


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard31.8232.1732.4132.7633.0033.3533.59
Camarilla32.5032.5532.6132.6632.7132.7732.82
Woodie31.7832.1432.3732.7332.9633.3233.55
Fibonacci32.1732.3932.5332.7632.9833.1233.35


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29.4330.2831.4032.2533.3734.2235.34
Camarilla31.9832.1632.3432.5232.7032.8833.06
Woodie29.5730.3531.5432.3233.5134.2935.48
Fibonacci30.2831.0331.5032.2533.0033.4734.22

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): 49.30
MACD (12,26,9): -0.0100
Directional Movement: -0.99
AROON (14): 78.57
DEMA (21): 32.58
Parabolic SAR (0,02-0,02-0,2): 32.51
Elder Ray (13): -0.04
Super Trend (3,10): 32.82
Zig ZAG (10): 32.58
VORTEX (21): 0.9700
Stochastique (14,3,5): 48.95
TEMA (21): 32.60
Williams %R (14): -66.04
Chande Momentum Oscillator (20): 0.15
Repulse (5,40,3): -0.9700
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 1.12
MA7: 32.63
MA20: 32.37
MA50: 31.53
MA100: 29.57
MAexp7: 32.61
MAexp20: 32.61
MAexp50: 32.64
MAexp100: 32.56
Price / MA7: -0.43%
Price / MA20: +0.37%
Price / MA50: +3.04%
Price / MA100: +9.87%
Price / MAexp7: -0.37%
Price / MAexp20: -0.37%
Price / MAexp50: -0.46%
Price / MAexp100: -0.21%

Quotes : - 15 min delayed data - NYSE MKT Stocks

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

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