VIRTUS REAVES UTILITIES ETF (UTES) Stock Technical Analysis
NYSEARCA:UTES - NYSE Arca - US26923G8069 - ETF - Currency: USD
Overall UTES gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, UTES did better than 88% of all other stocks. We also observe that the gains produced by UTES over the past year are nicely spread over this period.
UTES is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month UTES has a been trading in the 73.24 - 80.91 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although UTES has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
60.63
80.18
We found 4 important support areas.
- A support zone ranging from 73.78 to 76.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.97 from a horizontal line in the daily time frame.
- Support @64.07 from a trend line in the weekly time frame.
- Support @61.24 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 | 88.11 | POSITIVE | UTES has a high relative strength, it outperformed 88.11% 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) | 70.06 | OVERBOUGHT | The high RSI value suggests UTES may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests UTES has a positive trend. |
| Stochastics (14,3) | 88.7 | OVERBOUGHT | The high Stochastics value suggests UTES may be overbought. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for UTES suggests low volalility. |
| Average Directional Index/ADX (14) | 18.17 | NEGATIVE | The low ADX value for UTES 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)
79.39
+1.02 (+1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.3%
1 Week6.89%
2 Weeks6.11%
1 Month5.5%
3 Month20.07%
6 Month9.23%
12 Month51.94%
2 Year70.86%
3 Year63.1%
5 Year104.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.45
ATR(20)%1.73%
ATR Inc34.97%
Range Today1.9
ADR(20)1.25
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.11
Mansfield0.95
10 Day High80.91
10 Day Low73.25
20 Day High80.91
20 Day Low73.24
52 Week High80.91
52 Week Low51.96
CS1 End76.28
CR1 StartN/A
Volume & EV
DER(3)3.54%
DER(5)2.78%
Volume243.50K
Volume Incr78.07%
Vol(5)214.76K
Vol(50)128.07K