REAVES UTILITY INCOME FUND (UTG) Stock Technical Analysis
USA - NYSEARCA:UTG - US7561581015
Taking everything into account, UTG scores 2 out of 10 in our technical rating. In the last year, UTG was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
UTG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 37.83, a Stop Loss order could be placed below this zone.
More info and screens
31.13
We found 3 important support areas.
- A support zone ranging from 37.71 to 37.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.89 to 36.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @31.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.91 to 39.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.43 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 UTG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UTG is down. |
| ChartMill Relative Strength | 63.06 | NEUTRAL | UTG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UTG is below a declining 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) | 40.28 | NEUTRAL | The RSI value for UTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests UTG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.13 | NEUTRAL | The Stochastics value for UTG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for UTG suggests some volalility. |
| Average Directional Index/ADX (14) | 28.32 | POSITIVE | The high ADX value value for UTG suggests a strong trend. |
37.84
-0.12 (-0.32%)
REAVES UTILITY INCOME FUND / UTG FAQ
Can you provide the ChartMill technical rating for REAVES UTILITY INCOME FUND?
ChartMill assigns a technical rating of 2 / 10 to UTG.
What is the current trend direction of REAVES UTILITY INCOME FUND (UTG) stock?
The current trend direction for REAVES UTILITY INCOME FUND (UTG) is Bullish.
What is the RSI signal for UTG stock?
REAVES UTILITY INCOME FUND (UTG) has an RSI value of 40.2832. This indicates that the stock is currently neutral.
What is the buy/sell signal for UTG stock?
The buy/sell signal for REAVES UTILITY INCOME FUND (UTG) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for REAVES UTILITY INCOME FUND?
REAVES UTILITY INCOME FUND (UTG) has a support level at 37.83 and a resistance level at 37.91. Check the full technical report for our detailed analysis of UTG support and resistance levels.