We assign a technical rating of 4 out of 10 to MSEX. MSEX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 64% of all other stocks performed better in the past year than MSEX.
- MSEX is part of the Water Utilities industry. There are 14 other stocks in this industry, of which 69% are performing better than MSEX.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month MSEX has a been trading in the 49.61 - 55.61 range, which is quite wide. It is currently trading near the high of this range.
- MSEX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MSEX is lagging the market.
MSEX has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
48.09
We found 4 important support areas.
- Support @54.18 from a horizontal line in the daily time frame.
- A support zone ranging from 51.79 to 52.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.92 to 50.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 48.58 to 48.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @58.14 from a trend line in the weekly time frame.
- Resistance @60.37 from a horizontal line in the weekly time frame.
- Resistance @63.26 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MSEX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSEX is up. |
| ChartMill Relative Strength | 36.16 | NEUTRAL | MSEX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MSEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MSEX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MSEX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.37 | NEUTRAL | The RSI value for MSEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests MSEX has a positive trend. |
| Stochastics (14,3) | 90.42 | OVERBOUGHT | The high Stochastics value suggests MSEX may be overbought. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for MSEX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.03 | NEUTRAL | The ADX value for MSEX suggests a possible start of a new trend. |
54.46
-0.63 (-1.14%)
MIDDLESEX WATER CO / MSEX FAQ
Can you provide the ChartMill technical rating for MIDDLESEX WATER CO?
ChartMill assigns a technical rating of 4 / 10 to MSEX.
Can you provide the trend direction for MIDDLESEX WATER CO?
The current trend direction for MIDDLESEX WATER CO (MSEX) is Bearish.
What is the RSI signal for MIDDLESEX WATER CO (MSEX) stock?
MIDDLESEX WATER CO (MSEX) has an RSI value of 63.3686. This indicates that the stock is currently neutral.
What is the MACD signal for MSEX stock?
The MACD indicator for MIDDLESEX WATER CO (MSEX) has a value of 0.472857, indicating a bearish trend.
Can you provide the short term momentum for MIDDLESEX WATER CO?
The short term momentum for MIDDLESEX WATER CO (MSEX) is positive.