How did UTES's Momentum indicator behave recently?

The Momentum Indicator moved above the 0 level on January 02, 2025. You may want to consider a long position or call options on UTES as a result. In 80 of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 82%.

What is the significance of the 50-day moving average indicator for UTES?

UTES moved above its 50-day moving average on January 03, 2025 date and that indicates a change from a downward trend to an upward trend. In 43 of 46 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 90%.

What does a 3-day price advance indicate for UTES?

Following a +4.64% 3-day Advance, the price is estimated to grow further. Considering data from situations where UTES advanced for three days, in 298 of 352 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.

UTES

AS OF

Jan 22, 04:59 PM (EDT)

Price

$71.57

Change

-$0.70 (-0.97%)

Net Assets

382.66M

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UTES

ETF ticker: NYSE ARCA

AS OF

Jan 22, 04:59 PM (EDT)

Price

$71.57

Change

-$0.70 (-0.97%)

Net Assets

382.66M

UTES stock forecast, quote, news & analysis

Category: @Utilities

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a Summary for UTES with price predictions

Jan 08, 2025

UTES in upward trend: price rose above 50-day moving average on January 03, 2025

UTES moved above its 50-day moving average on January 03, 2025 date and that indicates a change from a downward trend to an upward trend. In of 46 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 02, 2025. You may want to consider a long position or call options on UTES as a result. In of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for UTES just turned positive on January 03, 2025. Looking at past instances where UTES's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UTES advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where UTES declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

UTES broke above its upper Bollinger Band on January 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for UTES entered a downward trend on January 02, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), PG&E Corp (NYSE:PCG).

Industry description

The investment seeks to provide total return through a combination of capital appreciation and income. The fund invests not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies in the Utility Sector ("Utility Sector Companies"). The manager considers a company to be a "Utility Sector Company" if at least 50% of the company's assets or customers are committed to, or at least 50% of the company's revenues, gross income or profits derive from, the provision of products, services or equipment for the generation or distribution of electricity, gas or water. The fund is non-diversified.

Market Cap

The average market capitalization across the Virtus Reaves Utilities ETF ETF is 32.52B. The market cap for tickers in the group ranges from 4.66B to 131.17B. NEE holds the highest valuation in this group at 131.17B. The lowest valued company is IDA at 4.66B.

High and low price notable news

The average weekly price growth across all stocks in the Virtus Reaves Utilities ETF ETF was 10%. For the same ETF, the average monthly price growth was 46%, and the average quarterly price growth was 164%. CEG experienced the highest price growth at 12%, while SO experienced the biggest fall at 3%.

Volume

The average weekly volume growth across all stocks in the Virtus Reaves Utilities ETF ETF was -17%. For the same stocks of the ETF, the average monthly volume growth was -40% and the average quarterly volume growth was 10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 67

P/E Growth Rating: 39

Price Growth Rating: 37

SMR Rating: 63

Profit Risk Rating: 40

Seasonality Score: -14 (-100 ... +100)

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