GABELLI UTILITY TRUST (GUT) Stock Technical Analysis
NYSE:GUT - New York Stock Exchange, Inc. - US36240A1016 - Currency: USD
Taking everything into account, GUT scores 8 out of 10 in our technical rating. Although GUT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month GUT has a been trading in the 5.25 - 5.57 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, GUT turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
GUT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GUT is lagging the market slightly.
Although GUT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.89
6.22
When analyzing the support we can see 3 important areas.
- Support @5.55 from a horizontal line in the daily time frame.
- A support zone ranging from 5.29 to 5.46. 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.
2 important resistance areas can be observed.
- Resistance @5.57 from a horizontal line in the daily time frame.
- A resistance zone ranging from 6.10 to 6.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GUT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GUT is up. |
| ChartMill Relative Strength | 41.47 | NEUTRAL | GUT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GUT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GUT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GUT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.62 | NEUTRAL | The RSI value for GUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GUT has a positive trend. |
| Stochastics (14,3) | 92.67 | OVERBOUGHT | The high Stochastics value suggests GUT may be overbought. |
| Average True Range in percent/ATR (20) | 1.07 | LOW VOLATILITY | The low ATR as a percentage value for GUT suggests low volalility. |
| Average Directional Index/ADX (14) | 17.07 | NEGATIVE | The low ADX value for GUT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.58 | 5.54 | 0.04 (0.72%) | 25.00% |
| An entry @5.58. This is a Buy Stop order right above the resistance zone. | An exit @5.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.04 points, which is 0.72%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GUT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.56
+0.05 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.91%
1 Week2.21%
2 Weeks4.12%
1 Month5.5%
3 Month5.9%
6 Month2.21%
12 Month-7.49%
2 Year-17.99%
3 Year-18.24%
5 Year-22.78%
10 Year-7.64%
15 Year-30.33%
Volatility
ATR(14)0.06
ATR(20)%1.07%
ATR Inc-2.73%
Range Today0.04
ADR(20)0.06
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.47
Mansfield-0.25
10 Day High5.57
10 Day Low5.32
20 Day High5.57
20 Day Low5.25
52 Week High6.19
52 Week Low4.71
CS1 End5.55
CR1 Start5.57
Volume & EV
DER(3)3.47%
DER(5)1.27%
Volume164.70K
Volume Incr-14.18%
Vol(5)178.32K
Vol(50)231.27K