UTES Stock Virtus Reaves Utilities ETF (UTES, $66.24) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 11, 2024

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UTES - Virtus Reaves Utilities ETF

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Odds of UP Trend

Price: $66.24

Daily change: +$0.5 (+0.76%)

Daily volume: 86.6K

Net Assets: $239.7M

UTES in downward trend: price may drop because broke its higher Bollinger Band on November 21, 2024

UTES broke above its upper Bollinger Band on November 21, 2024. 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 A.I.dvisor looked at 40 similar instances where the stock broke above the upper band. In of the 40 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for UTES moved out of overbought territory on November 22, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 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 .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 08, 2024. You may want to consider a long position or call options on UTES as a result. In of 96 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 November 11, 2024. Looking at past instances where UTES's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

UTES moved above its 50-day moving average on November 05, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UTES advanced for three days, in of 354 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 305 cases where UTES Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .