REAVES UTILITY INCOME FUND - 1H - Technical analysis published on 11/25/2024 (GMT)
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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
61%
0%
39%
My opinion
Bullish above 33.72 USD
My targets
35.72 USD (+3.42%)
My analysis
The bullish trend is currently very strong on REAVES UTILITY INCOME FUND. As long as the price remains above the support at 33.72 USD, you could try to benefit from the boom. The first bullish objective is located at 35.72 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8
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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 price is 34.54 USD. The price registered a decrease of -0.12% on the session and was between 34.50 USD and 34.71 USD. This implies that the price is at +0.12% from its lowest and at -0.49% from its highest.34.50
34.71
34.54
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.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by REAVES UTILITY INCOME FUND:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 1H chart of REAVES UTILITY INCOME FUND indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 32.42 | 32.91 | 33.72 | 34.54 | 34.67 | 35.72 |
| Change (%) | -6.14% | -4.72% | -2.37% | - | +0.38% | +3.42% |
| Change | -2.12 | -1.63 | -0.82 | - | +0.13 | +1.18 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.13 | 34.25 | 34.42 | 34.54 | 34.71 | 34.83 | 35.00 |
| Camarilla | 34.50 | 34.53 | 34.55 | 34.58 | 34.61 | 34.63 | 34.66 |
| Woodie | 34.15 | 34.26 | 34.44 | 34.55 | 34.73 | 34.84 | 35.02 |
| Fibonacci | 34.25 | 34.36 | 34.43 | 34.54 | 34.65 | 34.72 | 34.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.26 | 32.76 | 33.67 | 34.17 | 35.08 | 35.58 | 36.49 |
| Camarilla | 34.19 | 34.32 | 34.45 | 34.58 | 34.71 | 34.84 | 34.97 |
| Woodie | 32.47 | 32.86 | 33.88 | 34.27 | 35.29 | 35.68 | 36.70 |
| Fibonacci | 32.76 | 33.30 | 33.63 | 34.17 | 34.71 | 35.04 | 35.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.26 | 30.10 | 31.22 | 32.06 | 33.18 | 34.02 | 35.14 |
| Camarilla | 31.79 | 31.97 | 32.15 | 32.33 | 32.51 | 32.69 | 32.87 |
| Woodie | 29.39 | 30.17 | 31.35 | 32.13 | 33.31 | 34.09 | 35.27 |
| Fibonacci | 30.10 | 30.85 | 31.32 | 32.06 | 32.81 | 33.28 | 34.02 |
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): | 67.97 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | 20.81 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 34.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.60 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 34.29 | |
| Zig ZAG (10): | 34.64 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 90.56 | |
| TEMA (21): | 34.76 | |
| Williams %R (14): | -17.34 | |
| Chande Momentum Oscillator (20): | 0.33 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 3.12 |
| MA7: | 34.00 | |
| MA20: | 33.05 | |
| MA50: | 32.44 | |
| MA100: | 30.45 | |
| MAexp7: | 34.60 | |
| MAexp20: | 34.39 | |
| MAexp50: | 33.96 | |
| MAexp100: | 33.51 | |
| Price / MA7: | +1.59% | |
| Price / MA20: | +4.51% | |
| Price / MA50: | +6.47% | |
| Price / MA100: | +13.43% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +1.71% | |
| Price / MAexp100: | +3.07% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on REAVES UTILITY INCOME FUND at the time of the analysis were as follows:
- 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
- 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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