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Evolve Canadian Utilities Enhanced Yield Index Fund

UTES.TO•TSX
Financial Services
Asset Management
$9.59
$-0.01(-0.16%)
Canadian Market opens in 17h 5m

Evolve Canadian Utilities Enhanced Yield Index Fund (UTES.TO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Evolve Canadian Utilities Enhanced Yield Index Fund (TSX:UTES.TO).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

UTES.TO Technical Analysis Summary

Evolve Canadian Utilities Enhanced Yield Index Fund stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 44.50)
Trend Strength:Weak (ADX: 15.83)
Volatility:Low (ATR: 0.13)
Support/Resistance:$9.58 – $9.89 (Bollinger Bands)

Technical conditions suggest Evolve Canadian Utilities Enhanced Yield Index Fund is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 44.50

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 34.52

Bearish
Momentum remains weak below midpoint.

Williams %R: -82.93

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -0.83

Neutral
Price change is minimal.

Takeaway:Evolve Canadian Utilities Enhanced Yield Index Fund shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: 0.04

Bullish
Bullish, trend momentum is strengthening.

ADX: 15.83

Weak
Weak trend, market trading sideways.

ATR (14): 0.13

Low
Low volatility, stable price action.

CCI (14): -158.63

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Evolve Canadian Utilities Enhanced Yield Index Fund shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$9.89
Middle Band (SMA 20)
$9.73
Lower Band
$9.58
Current Position
Within Bands

Takeaway:Evolve Canadian Utilities Enhanced Yield Index Fund trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$9.97
Middle Line (EMA 20)
$9.71
Lower Channel
$9.45
Squeeze Status
Squeeze On

Takeaway:Evolve Canadian Utilities Enhanced Yield Index Fund trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume1.95M
Money Flow Index45.41Neutral, balanced money flows with no clear signal.
Relative Vigor Index45.97Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:UTES.TO shows neutral money flow, with no clear directional pressure.

Technical Trading Signals Summary
Based on the current technical analysis of Evolve Canadian Utilities Enhanced Yield Index Fund, here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Evolve Canadian Utilities Enhanced Yield Index Fund are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ