REAVES UTILITY INCOME FUND

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

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Change:	-
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Type:	Stocks
Ticker:	UTG
ISIN:

REAVES UTILITY INCOME FUND - Daily - Technical analysis published on 12/12/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above

My targets

()

My analysis

The basic trend is bullish on REAVES UTILITY INCOME FUND and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support . Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . If there is a return to above the resistance located at , this would be a sign of a reversal in the basic bullish trend.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.2

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 32.97 USD. The price has increased by +0.58% since the last closing and was between 32.78 USD and 33.15 USD. This implies that the price is at +0.58% from its lowest and at -0.54% from its highest.

32.78

33.15

32.97

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

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, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of REAVES UTILITY INCOME FUND in Daily shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	29.06	31.46	32.42	32.97	35.72
Change (%)	-11.86%	-4.58%	-1.67%	-	+8.34%
Change	-3.91	-1.51	-0.55	-	+2.75
Level	Intermediate	Major	Major	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.22	32.41	32.59	32.78	32.96	33.15	33.33
Camarilla	32.68	32.71	32.75	32.78	32.81	32.85	32.88
Woodie	32.23	32.41	32.60	32.78	32.97	33.15	33.34
Fibonacci	32.41	32.55	32.64	32.78	32.92	33.01	33.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.81	34.14	34.44	34.77	35.07	35.40	35.70
Camarilla	34.58	34.64	34.69	34.75	34.81	34.87	34.92
Woodie	33.81	34.13	34.44	34.76	35.07	35.39	35.70
Fibonacci	34.14	34.38	34.53	34.77	35.01	35.16	35.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.23	29.72	32.30	33.79	36.37	37.86	40.44
Camarilla	33.75	34.12	34.50	34.87	35.24	35.62	35.99
Woodie	28.77	29.99	32.84	34.06	36.91	38.13	40.98
Fibonacci	29.72	31.28	32.24	33.79	35.35	36.31	37.86

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):	42.84
MACD (12,26,9):	0.1200
Directional Movement:	-9.95
AROON (14):	-50.00
DEMA (21):	34.05
Parabolic SAR (0,02-0,02-0,2):	35.04
Elder Ray (13):	-0.81
Super Trend (3,10):	34.44
Zig ZAG (10):	33.02
VORTEX (21):	0.9800
Stochastique (14,3,5):	11.21
TEMA (21):	33.71
Williams %R (14):	-81.83
Chande Momentum Oscillator (20):	-1.43
Repulse (5,40,3):	-2.6300
ROCnROLL:	-1
TRIX (15,9):	0.1900
Courbe Coppock:	1.52

MA7:	33.78
MA20:	34.07
MA50:	33.02
MA100:	31.27
MAexp7:	33.51
MAexp20:	33.75
MAexp50:	32.97
MAexp100:	31.54
Price / MA7:	-2.40%
Price / MA20:	-3.23%
Price / MA50:	-0.15%
Price / MA100:	+5.44%
Price / MAexp7:	-1.61%
Price / MAexp20:	-2.31%
Price / MAexp50:	-0%
Price / MAexp100:	+4.53%

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.

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