REAVES UTILITY INCOME FUND (UTG)       29.715  -0.18 (-0.59%)

29.715  -0.18 (-0.59%)

US7561581015

Technical Rating

3

Overall UTG gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. UTG was also a bad performer in the overall market in the last year.



In the last month UTG has a been trading in the 28.87 - 30.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
UTG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
When comparing the yearly performance of all stocks, UTG is a bad performer in the overall market: 61% of all stocks are doing better.

Statistics

1 Month 3 Months 6 Months 12 Months 3.89% 7.25% -7.52% -10.29% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 39.48 24.55 - 35.43
UTG Weekly chart
UTG Daily chart

Support/Resistance Analysis


27.99

31.85
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 29.43 to 29.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 28.27 to 28.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 29.85 to 30.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @31.53 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

5

Although the technical rating is bad, UTG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 29.85, a Stop Loss order could be placed below this zone.


UTG Daily chart

REAVES UTILITY INCOME FUND29.715

NYSEARCA:UTG (2/6/2023, 1:51:11 PM)-0.18 (-0.59%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today -0.59% 1 Week 0.2%
2 Weeks 1.08% 1 Month 3.89%
3 Month 7.25% 6 Month -7.52%

Volatility
ATR(14) 0.39 ATR(20)% 1.33%
ATR Inc 34.28% Range Today 0.25

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 39.48 Mansfield -0.59
10 Day High 30.32 10 Day Low 29.45
20 Day High 30.7 20 Day Low 28.87
52 Week High 35.43 52 Week Low 24.55
CS1 End 29.85 CR1 Start 29.89

Volume & EV
DER(3) -3.49% DER(5) -6.42%
Volume 170.22K Volume Incr 3.45%
Vol(5) 225.30K Vol(50) 217.90K

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