GABELLI UTILITY TRUST (GUT) Stock Technical Analysis
NYSE:GUT - New York Stock Exchange, Inc. - US36240A1016 - Currency: USD
Taking everything into account, GUT scores 1 out of 10 in our technical rating. GUT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
GUT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GUT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.89
2 important support areas can be observed.
- A support zone ranging from 5.28 to 5.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.94 to 5.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.39 to 5.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.55 to 5.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.10 from a horizontal line in the weekly time frame.
5.3
+0.03 (+0.57%)