REAVES UTILITY INCOME FUND - Daily - Technical analysis published on 10/04/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 31.53 USD
My targets
36.14 USD (+9.55%)
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 31.53 USD. The next resistance located at 36.14 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The REAVES UTILITY INCOME FUND rating is 32.99 USD. On the day, this instrument lost -0.12% and was between 32.87 USD and 33.17 USD. This implies that the price is at +0.37% from its lowest and at -0.54% from its highest.32.87
33.17
32.99
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of REAVES UTILITY INCOME FUND indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 29.39 | 31.53 | 32.80 | 32.99 | 36.14 |
| Change (%) | -10.91% | -4.43% | -0.58% | - | +9.55% |
| Change | -3.60 | -1.46 | -0.19 | - | +3.15 |
| Level | Intermediate | Major | 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 | 32.76 | 32.84 | 32.93 | 33.01 | 33.10 | 33.18 | 33.27 |
| Camarilla | 32.98 | 33.00 | 33.01 | 33.03 | 33.05 | 33.06 | 33.08 |
| Woodie | 32.78 | 32.84 | 32.95 | 33.01 | 33.12 | 33.18 | 33.29 |
| Fibonacci | 32.84 | 32.90 | 32.94 | 33.01 | 33.07 | 33.11 | 33.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.72 | 31.14 | 31.80 | 32.22 | 32.88 | 33.30 | 33.96 |
| Camarilla | 32.16 | 32.26 | 32.36 | 32.46 | 32.56 | 32.66 | 32.76 |
| Woodie | 30.84 | 31.20 | 31.92 | 32.28 | 33.00 | 33.36 | 34.08 |
| Fibonacci | 31.14 | 31.55 | 31.81 | 32.22 | 32.63 | 32.89 | 33.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.48 | 28.56 | 30.68 | 31.76 | 33.88 | 34.96 | 37.08 |
| Camarilla | 31.93 | 32.22 | 32.52 | 32.81 | 33.10 | 33.40 | 33.69 |
| Woodie | 28.01 | 28.82 | 31.21 | 32.02 | 34.41 | 35.22 | 37.61 |
| Fibonacci | 28.56 | 29.78 | 30.53 | 31.76 | 32.98 | 33.73 | 34.96 |
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): | 81.91 | |
| MACD (12,26,9): | 0.8700 | |
| Directional Movement: | 35.62 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 33.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.59 | |
| Elder Ray (13): | 0.69 | |
| Super Trend (3,10): | 32.01 | |
| Zig ZAG (10): | 32.96 | |
| VORTEX (21): | 1.3000 | |
| Stochastique (14,3,5): | 94.10 | |
| TEMA (21): | 33.23 | |
| Williams %R (14): | -9.95 | |
| Chande Momentum Oscillator (20): | 1.77 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4000 | |
| Courbe Coppock: | 12.56 |
| MA7: | 32.77 | |
| MA20: | 31.80 | |
| MA50: | 30.07 | |
| MA100: | 28.69 | |
| MAexp7: | 32.74 | |
| MAexp20: | 31.88 | |
| MAexp50: | 30.46 | |
| MAexp100: | 29.06 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +3.74% | |
| Price / MA50: | +9.71% | |
| Price / MA100: | +14.99% | |
| Price / MAexp7: | +0.76% | |
| Price / MAexp20: | +3.48% | |
| Price / MAexp50: | +8.31% | |
| Price / MAexp100: | +13.52% |
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 Section 19(a) Notice
- Reaves Utility Income Fund Announces Regular Monthly Distributions 0f $0.19 Per Share
- 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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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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