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REAVES UTILITY INCOME FUND
REAVES UTILITY INCOME FUND
- 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 - Daily - Technical analysis published on 12/07/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 26.34 USD
My targets
27.40 USD (+1.90%)
27.85 USD (+3.57%)
My analysis
REAVES UTILITY INCOME FUND is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 26.34 USD. The next resistance located at 27.40 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 27.85 USD. After this resistance, buyers could then target 28.30 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9

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.

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15 min. 1H Weekly

Additional analysis

Quotes

The REAVES UTILITY INCOME FUND rating is 26.89 USD. On the day, this instrument lost -0.04% and was between 26.81 USD and 26.95 USD. This implies that the price is at +0.30% from its lowest and at -0.22% from its highest.

26.81
26.95
26.89

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by REAVES UTILITY INCOME FUND:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of REAVES UTILITY INCOME FUND in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily



In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24.44 25.65 26.34 26.89 26.90 27.40 27.85
Change (%) -9.11% -4.61% -2.05% - +0.04% +1.90% +3.57%
Change -2.45 -1.24 -0.55 - +0.01 +0.51 +0.96
Level Intermediate Major Major - Intermediate Major 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
Standard26.5226.5926.7526.8226.9827.0527.21
Camarilla26.8426.8626.8826.9026.9226.9426.96
Woodie26.5626.6126.7926.8427.0227.0727.25
Fibonacci26.5926.6826.7426.8226.9126.9727.05


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.8626.0426.4126.5926.9627.1427.51
Camarilla26.6226.6726.7226.7726.8226.8726.92
Woodie25.9526.0926.5026.6427.0527.1927.60
Fibonacci26.0426.2526.3826.5926.8026.9327.14


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.5023.3924.9125.8027.3228.2129.73
Camarilla25.7625.9826.2026.4226.6426.8627.08
Woodie22.8123.5525.2225.9627.6328.3730.04
Fibonacci23.3924.3124.8825.8026.7227.2928.21

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): 69.39
MACD (12,26,9): 0.5200
Directional Movement: 19.38
AROON (14): 85.71
DEMA (21): 26.82
Parabolic SAR (0,02-0,02-0,2): 26.59
Elder Ray (13): 0.44
Super Trend (3,10): 25.95
Zig ZAG (10): 26.92
VORTEX (21): 1.1600
Stochastique (14,3,5): 90.79
TEMA (21): 27.11
Williams %R (14): -4.04
Chande Momentum Oscillator (20): 0.89
Repulse (5,40,3): 0.8200
ROCnROLL: 1
TRIX (15,9): 0.2900
Courbe Coppock: 9.25
MA7: 26.69
MA20: 26.09
MA50: 24.96
MA100: 25.55
MAexp7: 26.70
MAexp20: 26.16
MAexp50: 25.60
MAexp100: 25.66
Price / MA7: +0.75%
Price / MA20: +3.07%
Price / MA50: +7.73%
Price / MA100: +5.24%
Price / MAexp7: +0.71%
Price / MAexp20: +2.79%
Price / MAexp50: +5.04%
Price / MAexp100: +4.79%

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:

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

About author

Londinia
Londinia AI

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