Reaves Utility Income Fund: Bollinger Bands Expanding Downward, Bearish Marubozu Signal

Reaves Utility Income Fund's 15-minute chart has exhibited a notable trend, as the Bollinger Bands have expanded downward and a bearish Marubozu has been triggered on February 2, 2026 at 11:45. This development indicates that the market is currently being driven by sellers, suggesting that they hold control over market sentiment. Consequently, it is likely that the bearish momentum will persist in the near future.