REAVES UTILITY INCOME FUND (UTG) Stock Technical Analysis
NYSEARCA:UTG - NYSE Arca - US7561581015 - Currency: USD
Taking everything into account, UTG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UTG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that UTG is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, UTG also shows a nice and consistent pattern of rising prices.
UTG 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 UTG has a been trading in a tight range between 34.56 and 36.48.
Although UTG 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
30.13
36.85
4 important support areas can be observed.
- A support zone ranging from 35.64 to 36.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 34.42 to 34.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.41 from a horizontal line in the daily time frame.
- Support @30.43 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.49 to 36.49. 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 UTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UTG is up. |
| ChartMill Relative Strength | 79.81 | POSITIVE | UTG has a high relative strength, it outperformed 79.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UTG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UTG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.31 | NEUTRAL | The RSI value for UTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests UTG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.46 | OVERBOUGHT | The high Stochastics value suggests UTG may be overbought. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for UTG suggests low volalility. |
| Average Directional Index/ADX (14) | 24.59 | NEUTRAL | The ADX value for UTG suggests a possible start of a new 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 |
|---|---|---|---|
| 36.50 | 35.60 | 0.90 (2.47%) | 25.00% |
| An entry @36.50. This is a Buy Stop order right above the resistance zone. | An exit @35.60. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.90 points, which is 2.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
- 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.
36.48
+0.3 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.83%
1 Week1.5%
2 Weeks1.93%
1 Month3.93%
3 Month15.55%
6 Month8.6%
12 Month28.9%
2 Year29.87%
3 Year12.94%
5 Year14.9%
10 Year23.41%
15 Year78.82%
Volatility
ATR(14)0.36
ATR(20)%1.03%
ATR Inc-18.18%
Range Today0.24
ADR(20)0.35
ADR(20)%0.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.81
Mansfield0.35
10 Day High36.48
10 Day Low35.61
20 Day High36.48
20 Day Low34.56
52 Week High36.48
52 Week Low27.55
CS1 End36.45
CR1 Start36.49
Volume & EV
DER(3)1.93%
DER(5)1.48%
Volume258.60K
Volume Incr-0.95%
Vol(5)213.82K
Vol(50)221.43K