GABELLI UTILITY TRUST (GUT) Stock Technical Analysis
NYSE:GUT - US36240A1016
Taking everything into account, GUT scores 5 out of 10 in our technical rating. GUT has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
GUT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.96, 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.
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4.98
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.87 to 5.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.44 from a horizontal line in the daily time frame.
- Support @5.29 from a horizontal line in the daily time frame.
- A support zone ranging from 5.03 to 5.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.98 to 6.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.10 to 6.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for GUT is neutral. |
| ChartMill Relative Strength | 46.98 | NEUTRAL | GUT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GUT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GUT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GUT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.1 | NEUTRAL | The RSI value for GUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GUT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.98 | NEUTRAL | The Stochastics value for GUT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for GUT suggests low volalility. |
| Average Directional Index/ADX (14) | 24.22 | NEUTRAL | The ADX value for GUT suggests a possible start of a new trend. |
5.98
+0.01 (+0.17%)