UTES:CA
Canadian stock research

(UTES) Risk-Controlled Trading Report

February 06, 2025, 10:26 AM ET
By Canada Research Desk
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Proprietary Signals for UTES:CA

Stock Chart for UTES:CA

Chart for Evolve Canadian Utilities Enhanced Yield Index Fund (UTES:CA)

Blue = Current Price
Red = Resistance
Green = Support

This report on Evolve Canadian Utilities Enhanced Yield Index Fund (TSX: UTES) was created using Stock Traders Daily's proprietary models technology, which has been refined over two decades to identify ideal trading strategies while managing risk. The report helps optimize trading activities in Evolve Canadian Utilities Enhanced Yield Index Fund and other instruments like ETFs, futures, and indices. Disclaimer: This is a static report, and support/resistance levels for UTES can change. Subscribers receive real-time updates along with market insights and crash protection strategies like Evitar Corte. Instructions: When UTES tests support levels, it could be a signal to buy. Similarly, resistance levels may signal opportunities to sell or control risk. Day, Swing, and Long-Term trading strategies are detailed below.

Trading Plans Summary

Side-by-Side Comparison
Trading PlanBiasAction / TriggerProfit TargetStop LossExecution Rule
Position Trading Strategy
Multi-Week (Position)		LONG$8.93$9.27 (+3.81%)$8.89 (−0.45%)Enter near the entry level; take profit at the target; stop loss if support fails.
Risk Hedging Strategy
Tactical / Swing		SHORT / HEDGE$9.27$8.93 (−3.67%)$9.32 (+0.54%)Enter short near the entry level; cover at the target; stop loss if resistance breaks.
Position Trading StrategyLONG
Multi-Week (Position)Reward/Risk 8.5 : 1
  1. Step 1 · EnterBuy near$8.93
  2. Step 2 · Take profitSell at$9.27+3.81%
  3. Step 3 · ProtectExit if price falls below$8.89−0.45%
PlanBuy UTES:CA near $8.93 · Target $9.27 · Stop $8.89
Order LevelPriceDistance from Trigger
Target (take profit at)$9.27+3.81%
Entry Zone (buy near)$8.93—
Stop Loss (exit if below)$8.89−0.45%
Objective: Core Trend PositionHorizon: Multi-Week (Position)Status: Active Conditional OrderReward/Risk: 8.5 : 1
Entry$8.93
Target$9.27
Stop Loss$8.89
Risk Hedging StrategySHORT / HEDGE
Tactical / SwingReward/Risk 6.8 : 1
  1. Step 1 · EnterSell short near$9.27
  2. Step 2 · Take profitBuy back (cover) at$8.93−3.67%
  3. Step 3 · ProtectExit if price rises above$9.32+0.54%
PlanShort UTES:CA near $9.27 · Target $8.93 · Stop $9.32
Order LevelPriceDistance from Trigger
Stop Loss (exit if above)$9.32+0.54%
Trigger (short below)$9.27—
Target (cover at)$8.93−3.67%
Objective: Portfolio Downside HedgeHorizon: Tactical / SwingStatus: Active Conditional OrderReward/Risk: 6.8 : 1
Entry$9.27
Target$8.93
Stop Loss$9.32

Multi-Timeframe Signal AnalysisNEUTRAL BIAS

TIME HORIZONSIGNAL STRENGTH
Near-termNeutral
Mid-termNeutral
Long-termNeutral

Check the time stamp on this data. Updated Proprietary Signals for Evolve Canadian Utilities Enhanced Yield Index Fund (UTES:CA) available here (UTES:CA stock signals).

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