MIDDLESEX WATER CO (MSEX) Stock Technical Analysis
NASDAQ:MSEX - Nasdaq - US5966801087 - Common Stock - Currency: USD
Taking everything into account, MSEX scores 0 out of 10 in our technical rating. MSEX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
82% of all other stocks performed better in the past year than MSEX.
MSEX is one of the lesser performing stocks in the Water Utilities industry. 69% of 14 stocks in the same industry do better.
In the last month MSEX has a been trading in the 53.21 - 58.04 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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.
Although the technical rating is bad, MSEX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for MSEX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
48.18
70.39
3 important support areas can be observed.
- A support zone ranging from 54.33 to 55.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @49.58 from a trend line in the weekly time frame.
- A support zone ranging from 48.67 to 48.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 55.58 to 56.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 57.24 to 57.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 63.77 to 64.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @68.04 from a horizontal line in the weekly time frame.
- Resistance @69.69 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for MSEX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MSEX is down. |
| ChartMill Relative Strength | 18.47 | NEGATIVE | MSEX has a low relative strength, it was outperformed by 81.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MSEX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MSEX is below 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) | 44.93 | NEUTRAL | The RSI value for MSEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MSEX has a positive trend. |
| Stochastics (14,3) | 55.07 | NEUTRAL | The Stochastics value for MSEX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for MSEX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.31 | NEUTRAL | The ADX value for MSEX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
55.57
-0.32 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg-0.57%
1 Week1.91%
2 Weeks-1.07%
1 Month-1.02%
3 Month-12.84%
6 Month7.42%
12 Month2.98%
2 Year-30.9%
3 Year-41.57%
5 Year-13.25%
10 Year144.37%
15 Year235.77%
Volatility
ATR(14)1.54
ATR(20)%2.54%
ATR Inc-5.11%
Range Today1.61
ADR(20)1.38
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.47
Mansfield-1.43
10 Day High58.04
10 Day Low53.21
20 Day High58.04
20 Day Low53.21
52 Week High70.73
52 Week Low48.18
CS1 End49.54
CR1 Start55.8
Volume & EV
DER(3)4.62%
DER(5)3.61%
Volume74.20K
Volume Incr10.94%
Vol(5)131.78K
Vol(50)121.05K