REAVES UTILITY INCOME FUND

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

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Change:	-
Volume:	-

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Type:	Stocks
Ticker:	UTG
ISIN:

REAVES UTILITY INCOME FUND - 1H - Technical analysis published on 11/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 32.82 USD

My targets

33.64 USD (+1.56%)

35.93 USD (+8.48%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on REAVES UTILITY INCOME FUND as long as the price remains well above 32.82 USD. The buyers' bullish objective is set at 33.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 35.93 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.7

Comment on the analysis

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 33.12 USD. The price has increased by +1.28% since the last closing and was traded between 32.76 USD and 33.16 USD over the period. The price is currently at +1.10% from its lowest and -0.12% from its highest.

32.76

33.16

33.12

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 several elements:

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 REAVES UTILITY INCOME FUND in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish doji star

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	32.61	32.82	32.97	33.12	35.93
Change (%)	-1.54%	-0.91%	-0.45%	-	+8.48%
Change	-0.51	-0.30	-0.15	-	+2.81
Level	Major	Minor	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
Standard	31.84	32.15	32.42	32.73	33.00	33.31	33.58
Camarilla	32.54	32.59	32.65	32.70	32.75	32.81	32.86
Woodie	31.83	32.14	32.41	32.72	32.99	33.30	33.57
Fibonacci	32.15	32.37	32.51	32.73	32.95	33.09	33.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.85	31.45	31.78	32.38	32.71	33.31	33.64
Camarilla	31.84	31.93	32.02	32.10	32.19	32.27	32.36
Woodie	30.71	31.38	31.64	32.31	32.57	33.24	33.50
Fibonacci	31.45	31.81	32.03	32.38	32.74	32.96	33.31

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.43	30.28	31.40	32.25	33.37	34.22	35.34
Camarilla	31.98	32.16	32.34	32.52	32.70	32.88	33.06
Woodie	29.57	30.35	31.54	32.32	33.51	34.29	35.48
Fibonacci	30.28	31.03	31.50	32.25	33.00	33.47	34.22

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):	69.12
MACD (12,26,9):	0.2000
Directional Movement:	15.99
AROON (14):	100.00
DEMA (21):	32.77
Parabolic SAR (0,02-0,02-0,2):	32.65
Elder Ray (13):	0.26
Super Trend (3,10):	32.35
Zig ZAG (10):	33.08
VORTEX (21):	1.2400
Stochastique (14,3,5):	79.78
TEMA (21):	32.99
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.81
Repulse (5,40,3):	0.6600
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	4.72

MA7:	32.34
MA20:	32.53
MA50:	31.80
MA100:	29.83
MAexp7:	32.80
MAexp20:	32.54
MAexp50:	32.42
MAexp100:	32.42
Price / MA7:	+2.41%
Price / MA20:	+1.81%
Price / MA50:	+4.15%
Price / MA100:	+11.03%
Price / MAexp7:	+0.98%
Price / MAexp20:	+1.78%
Price / MAexp50:	+2.16%
Price / MAexp100:	+2.16%

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:

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

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