MIDDLESEX WATER CO (MSEX) Stock Technical Analysis
NASDAQ:MSEX - Nasdaq - US5966801087 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to MSEX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month MSEX has a been trading in the 57.40 - 63.97 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.
When comparing the yearly performance of all stocks, we notice that MSEX is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MSEX is an average performer in the Water Utilities industry, it outperforms 69% of 14 stocks in the same industry.
MSEX is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Besides having an excellent technical rating, MSEX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 61.05, a Stop Loss order could be placed below this zone. 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
48.38
70.40
We found 2 important support areas.
- A support zone ranging from 59.46 to 61.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.87 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 61.77 to 65.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @68.04 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 69.59 to 69.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.68
Mansfield0.47
10 Day High63.78
10 Day Low57.4
20 Day High63.97
20 Day Low57.4
52 Week High70.73
52 Week Low48.18
Performance
1 Week-2.64%
2 Weeks-3.3%
1 Month-0.73%
3 Month23.8%
6 Month-12.1%
12 Month5.68%
2 Year-24.82%
3 Year-28.06%
5 Year-9.86%
10 Year180.21%
15 Year263.67%
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)
Technical Indicators
MACD(12,26,9)-0.36
RSI(14)48.02
LBB60.02
UBB64.03
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 63.79 | 59.45 | 4.34 (6.80%) | 14.70% |
| An entry @63.79. This is a Buy Stop order right above the 10 day high. | An exit @59.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.34 points, which is 6.80%. | For a 1.00% total portfolio risk, you can invest 14.70% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
61.17
+1.34 (+2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg2.24%
1 Week-2.64%
2 Weeks-3.3%
1 Month-0.73%
3 Month23.8%
6 Month-12.1%
12 Month5.68%
2 Year-24.82%
3 Year-28.06%
5 Year-9.86%
10 Year180.21%
15 Year263.67%
Volatility
ATR(14)1.89
ATR(20)%3.21%
ATR Inc5.19%
Range Today2.46
ADR(20)1.88
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.68
Mansfield0.47
10 Day High63.78
10 Day Low57.4
20 Day High63.97
20 Day Low57.4
52 Week High70.73
52 Week Low48.18
CS1 End61.05
CR1 Start61.77
Volume & EV
DER(3)3.73%
DER(5)2.89%
Volume116.90K
Volume Incr4.95%
Vol(5)144.62K
Vol(50)192.57K