REAVES UTILITY INCOME FUND (UTG) Stock Technical Analysis
NYSEARCA:UTG - NYSE Arca - US7561581015 - Currency: USD
We assign a technical rating of 10 out of 10 to UTG. 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.
UTG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 34.71. Right above this resistance zone may be a good entry point.
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29.65
When analyzing the support we can see 4 important areas.
- A support zone ranging from 34.43 to 35.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.58 to 33.62. 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.
- A support zone ranging from 29.95 to 30.06. 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 | 79.87 | POSITIVE | UTG has a high relative strength, it outperformed 79.87% 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) | 59.24 | NEUTRAL | The RSI value for UTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests UTG has a negative trend. |
| Stochastics (14,3) | 78.49 | NEUTRAL | The Stochastics value for UTG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for UTG suggests low volalility. |
| Average Directional Index/ADX (14) | 19.66 | NEGATIVE | The low ADX value for UTG suggests a weak or negative 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 |
|---|---|---|---|
| 35.01 | 34.01 | 1.00 (2.86%) | 25.00% |
| An entry @35.01. This is a Buy Stop order right above the resistance zone. | An exit @34.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.00 points, which is 2.86%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- 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:UTG (6/12/2025, 3:08:04 PM)
35.028
+0.35 (+1%)