RSI low/high Values: [ 20 - 80 ]
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AI Analysis of UTG.L
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Green day on Wednesday for Reaves Utility Income Fund stock after gaining 0.312%
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 0.31% PDF

The Reaves Utility Income Fund stock price gained 0.312% on the last trading day (Wednesday, 27th Mar 2024), rising from £962.00 to £965.00. During the last trading day the stock fluctuated 1.26% from a day low at £954.00 to a day high of £966.00. The price has been going up and down for this period, and there has been a 0.84% gain for the last 2 weeks. Volume fell on the last day by -502 thousand shares and in total, 440 thousand shares were bought and sold for approximately £425.08 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £968.65 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.62% during the next 3 months and, with a 90% probability hold a price between £852.52 and £885.19 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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UTG.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 2.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Reaves Utility Income Fund stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £971.80. On a fall, the stock will find some support from the short-term average at £962.93. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Reaves Utility Income Fund stock

Reaves Utility Income Fund finds support from accumulated volume at £962.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £12.00 between high and low, or 1.26%. For the last week the stock has had daily average volatility of 1.32%.

Our recommended stop-loss: £917.72 (-4.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (UTG.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Reaves Utility Income Fund to open at £961.67, and during the day (based on 14 day Average True Range), to move between £947.73 and £982.27, which gives a possible trading interval of +/-£17.27 (+/-1.79%) up or down from last closing price. If Reaves Utility Income Fund takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £962.00 (0.31%) than the resistance at £986.50 (2.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Reaves Utility Income Fund stock A Buy?

Reaves Utility Income Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.853 Hold/Accumulate Unchanged

Predicted Opening Price for Reaves Utility Income Fund of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£961.67 ( 0.345%) £965.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for UTG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 973.67 0.90 %
R2 969.08 0.423 %
R1 966.25 0.130 %
Current price: 965.00
Support S1 957.08 -0.82 %
S2 954.25 -1.11 %
S3 949.67 -1.59 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,006.00 4.25 %
R2 1,005.00 4.15 %
R1 986.50 2.23 %
Current price 965.00
Support S1 962.00 -0.311%
S2 950.00 -1.55%
S3 944.50 -2.12%

UTG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 18, 2024 Apr 18, 2024 May 24, 2024 £23.60 2.45%
2 Feb 28, 2023 Apr 13, 2023 May 26, 2023 £21.70 2.45%
3 Jul 27, 2022 Sep 15, 2022 Oct 28, 2022 £11.00 1.22%
4 Feb 23, 2022 Apr 14, 2022 May 20, 2022 £15.60 1.48%
5 Jul 27, 2021 Sep 16, 2021 Oct 29, 2021 £6.50 0.597%

FAQ

What is the symbol for Reaves Utility Income Fund Stock and on which exchange is it traded?
The symbol for Reaves Utility Income Fund is UTG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Reaves Utility Income Fund Stock?
Reaves Utility Income Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Reaves Utility Income Fund Stock?
Reaves Utility Income Fund Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Reaves Utility Income Fund Stock.

What's the current price of Reaves Utility Income Fund Stock?
As of the end of day on the 2024-03-27, the price of an Reaves Utility Income Fund (UTG.L) share was £965.00.

What is the 52-week high and low for Reaves Utility Income Fund Stock?
The 52-week high for Reaves Utility Income Fund Stock is £1,069.00 and the 52-week low is £842.00.

What is the market capitalization of Reaves Utility Income Fund Stock?
As of the 2024-03-27, the market capitalization of Reaves Utility Income Fund is 4.23B.

When is the next earnings date for Reaves Utility Income Fund?
The upcoming earnings date for Reaves Utility Income Fund is Jul 24, 2024.
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About Reaves Utility Income Fund

Reaves Utilityome Fund Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation serving the country's world-leading Higher Education sector. Following our successful £1.4bn acquisition of Liberty Living's UK assets in November 2019, we now provide homes to 76,000 students across 177 properties in 27 leading university towns and cities. Our people are driven by a common purpose: to provide a 'Home for Success' for the stude... UTG.L Profile

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