VIRTUS REAVES UTILITIES ETF (UTES) Stock Technical Analysis
NYSEARCA:UTES - NYSE Arca - US26923G8069 - ETF - Currency: USD
Taking everything into account, UTES scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, UTES has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, UTES also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 72.69, a Stop Loss order could be placed below this zone.
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60.18
We found 2 important support areas.
- A support zone ranging from 70.70 to 72.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.79 to 62.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @72.88 from a horizontal line in the weekly time frame.
- Resistance @74.07 from a horizontal line in the daily 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 UTES is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UTES is up. |
| ChartMill Relative Strength | 89.34 | POSITIVE | UTES has a high relative strength, it outperformed 89.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UTES is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UTES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UTES is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.85 | NEUTRAL | The RSI value for UTES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests UTES has a negative trend. |
| Stochastics (14,3) | 54.01 | NEUTRAL | The Stochastics value for UTES is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for UTES suggests low volalility. |
| Average Directional Index/ADX (14) | 20.65 | NEUTRAL | The ADX value for UTES suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 72.89 | 70.68 | 2.21 (3.03%) | 25.00% |
| An entry @72.89. This is a Buy Stop order right above the resistance zone. | An exit @70.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.21 points, which is 3.03%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- 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.
NYSEARCA:UTES (6/6/2025, 8:04:00 PM)
72.87
+0.51 (+0.7%)