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 - Daily - Technical analysis published on 12/27/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

50%

28%

My opinion

Bearish under

My targets

()

My analysis

The strong short-term decrease of REAVES UTILITY INCOME FUND should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at , a sale could be considered. The first bearish objective is located at . The bearish momentum would be boosted by a support break. Sellers could then target the support located at . If there is any crossing, the next objective would be support . Caution, if there is a return to above , it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

2.7

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 31.69 USD. The price is lower by -0.22% since the last closing and was traded between 31.67 USD and 31.87 USD over the period. The price is currently at +0.06% from its lowest and -0.56% from its highest.

31.67

31.87

31.69

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of REAVES UTILITY INCOME FUND indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	25.57	28.89	31.28	31.69	32.24	35.52
Change (%)	-19.31%	-8.84%	-1.29%	-	+1.74%	+12.09%
Change	-6.12	-2.80	-0.41	-	+0.55	+3.83
Level	Major	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	31.15	31.40	31.58	31.83	32.01	32.26	32.44
Camarilla	31.64	31.68	31.72	31.76	31.80	31.84	31.88
Woodie	31.12	31.38	31.55	31.81	31.98	32.24	32.41
Fibonacci	31.40	31.56	31.67	31.83	31.99	32.10	32.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.08	29.42	30.33	31.67	32.58	33.92	34.83
Camarilla	30.63	30.84	31.04	31.25	31.46	31.66	31.87
Woodie	27.88	29.31	30.13	31.56	32.38	33.81	34.63
Fibonacci	29.42	30.28	30.81	31.67	32.53	33.06	33.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.06	29.55	32.11	33.60	36.16	37.65	40.21
Camarilla	33.56	33.93	34.30	34.67	35.04	35.41	35.78
Woodie	28.60	29.82	32.65	33.87	36.70	37.92	40.75
Fibonacci	29.55	31.10	32.05	33.60	35.15	36.10	37.65

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):	40.56
MACD (12,26,9):	-0.5000
Directional Movement:	-9.47
AROON (14):	-71.43
DEMA (21):	31.76
Parabolic SAR (0,02-0,02-0,2):	32.76
Elder Ray (13):	-0.23
Super Trend (3,10):	32.67
Zig ZAG (10):	31.71
VORTEX (21):	0.7700
Stochastique (14,3,5):	23.29
TEMA (21):	31.15
Williams %R (14):	-76.05
Chande Momentum Oscillator (20):	-0.77
Repulse (5,40,3):	-1.0100
ROCnROLL:	2
TRIX (15,9):	-0.1500
Courbe Coppock:	15.16

MA7:	31.32
MA20:	32.74
MA50:	32.81
MA100:	31.50
MAexp7:	31.66
MAexp20:	32.31
MAexp50:	32.39
MAexp100:	31.40
Price / MA7:	+1.18%
Price / MA20:	-3.21%
Price / MA50:	-3.41%
Price / MA100:	+0.60%
Price / MAexp7:	+0.09%
Price / MAexp20:	-1.92%
Price / MAexp50:	-2.16%
Price / MAexp100:	+0.92%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The latest news and videos published on REAVES UTILITY INCOME FUND at the time of the analysis were as follows:

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

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