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Evolve Canadian Utilities Enhanced Yield Index Fund

UTES.TO Technical Analysis Summary (TSX)

Analyze UTES.TO on the TSX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

UTES.TO●TSX
Financial ServicesAsset Management - Income
$9.49
$0.09(0.96%)
Canadian Market opens in 26h 6m

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 (TSX)

Evolve Canadian Utilities Enhanced Yield Index Fund (TSX: UTES.TO) stock currently shows a neutral trend on the TSX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 54.33)
Trend Strength:Weak (ADX: 16.49)
Volatility:Low (ATR: 0.13)
Support/Resistance:$9.04 – $9.63 (Bollinger Bands)

Technical conditions suggest Evolve Canadian Utilities Enhanced Yield Index Fund on the TSX is awaiting a decisive move. Overall, Evolve Canadian Utilities Enhanced Yield Index Fund remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 54.33

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 76.42

Bullish
Buying momentum building without extremes.

Williams %R: -13.04

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 4.86

Bullish
Steady upward momentum.

Takeaway:Evolve Canadian Utilities Enhanced Yield Index Fund shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 16.49

Weak
Weak trend, market trading sideways.

ATR (14): 0.13

Low
Low volatility, stable price action.

CCI (14): 98.85

Bullish
Bullish, momentum building upward.

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
$9.63
Middle Band (SMA 20)
$9.33
Lower Band
$9.04
Current Position
Within Bands

Takeaway:Evolve Canadian Utilities Enhanced Yield Index Fund trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$9.65
Middle Line (EMA 20)
$9.40
Lower Channel
$9.14
Squeeze Status
No Squeeze

Takeaway:Evolve Canadian Utilities Enhanced Yield Index Fund trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-667.31K
Money Flow Index58.68Neutral, balanced money flows with no clear signal.
Relative Vigor Index46.66Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:UTES.TO shows balanced money flow with a slight bullish bias.

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

Bullish Signals

RSI above 50 → positive momentum from buyers.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Evolve Canadian Utilities Enhanced Yield Index Fund shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

(TSX: UTES.TO) Technical Analysis FAQ