MIDDLESEX WATER CO (MSEX) Stock Technical Analysis
NASDAQ:MSEX - Nasdaq - US5966801087 - Common Stock - Currency: USD
Taking everything into account, MSEX scores 3 out of 10 in our technical rating. Although MSEX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
MSEX is part of the Water Utilities industry. There are 14 other stocks in this industry. MSEX outperforms 92% of them.
When comparing the yearly performance of all stocks, we notice that MSEX is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
MSEX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MSEX is lagging the market slightly.
In the last month MSEX has a been trading in the 54.20 - 63.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MSEX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 57.84. Right above this resistance zone may be a good entry point.
More info and screens
54.61
70.39
3 important support areas can be observed.
- Support @57.19 from a horizontal line in the weekly time frame.
- Support @56.06 from a trend line in the daily time frame.
- Support @55.16 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 57.84 to 59.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 63.27 to 65.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 67.88 to 68.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 80.6 | POSITIVE | MSEX has a high relative strength, it outperformed 80.6% 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) | 42.32 | NEUTRAL | The RSI value for MSEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MSEX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.34 | NEUTRAL | The Stochastics value for MSEX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for MSEX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.9 | 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)
57.5
+0.06 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg0.1%
1 Week-0.9%
2 Weeks4.22%
1 Month-8.9%
3 Month14.7%
6 Month-12.13%
12 Month6.72%
2 Year-29.33%
3 Year-32.38%
5 Year-15.27%
10 Year163.4%
15 Year241.86%
Volatility
ATR(14)1.74
ATR(20)%3.29%
ATR Inc-38.07%
Range Today1.32
ADR(20)1.77
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
CRS80.6
Mansfield-0.64
10 Day High59.28
10 Day Low55.08
20 Day High63.26
20 Day Low54.2
52 Week High70.73
52 Week Low48.18
CS1 End57.19
CR1 Start57.84
Volume & EV
DER(3)0.6%
DER(5)1.52%
Volume334.30K
Volume Incr65.04%
Vol(5)184.66K
Vol(50)175.60K