Technical Analysis for UTES - Reaves Utilities ETF

Grade Last Price % Change Price Change
A 51.52 0.82% 0.42
UTES closed up 0.82 percent on Monday, May 6, 2024, on 1.57 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 5 hours ago
Possible NR7 about 6 hours ago
Possible Pocket Pivot about 9 hours ago
Jack-in-the-Box Bullish Entry about 10 hours ago
Rose Above Previous Day's High about 10 hours ago

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Reaves Utilities ETF Description

ETFis Series Trust I - Reaves Utilities ETF is an exchange traded fund launched and managed by Virtus ETF Advisers LLC. The fund is co-managed by W. H. Reaves & Co., Inc. It invests in public equity markets of the United States. The fund invests in stocks of companies operating in the utilities sector. It invests in dividend yielding stocks of companies across all market capitalization. The fund employs fundamental analysis with a bottom-up stock picking approach with a focus on factors such as conservative capital structures, solid balance sheets, history of and/or potential for growing earnings and raising dividends, lower-than-market levels of volatility, correlation or similar characteristics earnings and cash flow potential, dividend prospects and tax treatment of dividends, strength of business franchises and estimates of net asset value to create its portfolio. ETFis Series Trust I - Reaves Utilities ETF is domiciled in the United States.


Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds SPDR Dividend Dividend Yield Utilities Sector Capital Structure

Top 10 Components

Symbol Grade Price % Change Allocation
NEE B 1.58 14.71
VST A 2.15 9.98
CEG A 1.46 7.88
PEG A 1.26 7.19
PCG B 0.57 6.71
EIX A 0.94 4.67
ATO B 0.11 4.53
SRE B -0.29 4.52
CNP B -0.44 4.50
DTE A -0.23 4.49

Is UTES a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 51.5285
52 Week Low 38.3232
Average Volume 12,153
200-Day Moving Average 44.37
50-Day Moving Average 47.50
20-Day Moving Average 48.75
10-Day Moving Average 49.84
Average True Range 0.62
RSI (14) 76.19
ADX 40.95
+DI 42.03
-DI 9.46
Chandelier Exit (Long, 3 ATRs) 49.66
Chandelier Exit (Short, 3 ATRs) 48.36
Upper Bollinger Bands 51.42
Lower Bollinger Band 46.09
Percent B (%b) 1.02
BandWidth 10.93
MACD Line 0.97
MACD Signal Line 0.73
MACD Histogram 0.2458
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 51.96
Resistance 3 (R3) 51.91 51.72 51.89
Resistance 2 (R2) 51.72 51.61 51.74 51.86
Resistance 1 (R1) 51.62 51.54 51.67 51.67 51.84
Pivot Point 51.43 51.43 51.45 51.45 51.43
Support 1 (S1) 51.33 51.32 51.38 51.37 51.20
Support 2 (S2) 51.13 51.25 51.16 51.18
Support 3 (S3) 51.03 51.13 51.15
Support 4 (S4) 51.08