UNITIL CORP (UTL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:UTL - US9132591077 - Common Stock
Taking everything into account, UTL scores 4 out of 10 in our technical rating. UTL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 72% of all other stocks performed better in the past year than UTL.
- UTL is one of the lesser performing stocks in the Multi-Utilities industry. 84% of 26 stocks in the same industry do better.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- UTL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UTL is lagging the market.
- In the last month UTL has a been trading in a tight range between 48.10 and 50.97.
Although the technical rating is only medium, UTL does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 49.36, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
44.37
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.99 to 49.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.48 from a horizontal line in the daily time frame.
- A support zone ranging from 44.82 to 45.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 49.93 to 51.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @52.13 from a horizontal line in the daily time frame.
- Resistance @56.28 from a trend line in the weekly time frame.
- Resistance @60.39 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for UTL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UTL is neutral. |
| ChartMill Relative Strength | 28.22 | NEGATIVE | UTL has a low relative strength, it was outperformed by 71.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UTL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UTL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UTL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.03 | NEUTRAL | The RSI value for UTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests UTL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.01 | NEUTRAL | The Stochastics value for UTL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for UTL suggests low volalility. |
| Average Directional Index/ADX (14) | 15.62 | NEGATIVE | The low ADX value for UTL suggests a weak or negative trend. |
49.52
+0.4 (+0.81%)
UNITIL CORP / UTL FAQ
Can you provide the ChartMill technical rating for UNITIL CORP?
ChartMill assigns a technical rating of 4 / 10 to UTL.
What is the current trend direction of UNITIL CORP (UTL) stock?
The current trend direction for UNITIL CORP (UTL) is Bearish.
Can you provide the RSI signal for UNITIL CORP?
UNITIL CORP (UTL) has an RSI value of 51.0304. This indicates that the stock is currently neutral.
What is the short term momentum for UTL stock?
The short term momentum for UNITIL CORP (UTL) is neutral.