MIDDLESEX WATER CO (MSEX) Stock Technical Analysis
NASDAQ:MSEX • US5966801087
Taking everything into account, MSEX scores 6 out of 10 in our technical rating. In the last year, MSEX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- MSEX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, MSEX turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- 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. The S&P500 Index however is currently trading near new highs, so MSEX is lagging the market.
MSEX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 54.23, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
48.09
When analyzing the support we can see 5 important areas.
- A support zone ranging from 54.18 to 54.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 52.58 to 53.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.92 to 51.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 49.92 to 50.01. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 54.78 to 55.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @57.04 from a trend line in the weekly time frame.
- Resistance @60.37 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 | NEUTRAL | NEUTRAL | The long term trend for MSEX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MSEX is neutral. |
| ChartMill Relative Strength | 58.75 | 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) | UP | POSITIVE | The current price of MSEX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MSEX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.72 | NEUTRAL | The RSI value for MSEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MSEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.08 | NEUTRAL | The Stochastics value for MSEX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for MSEX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.42 | NEGATIVE | The low ADX value for MSEX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 55.10 | 54.17 | 0.93 (1.69%) | 25.00% |
| An entry @55.10. This is a Buy Stop order right above the resistance zone. | An exit @54.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.93 points, which is 1.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
- The distance between exit and entry is rather small compared to the average daily movement of MSEX. Please evaluate whether better entry and exit points can be found.
- 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.
54.61
+0.13 (+0.24%)
MIDDLESEX WATER CO / MSEX FAQ
Can you provide the ChartMill technical rating for MIDDLESEX WATER CO?
ChartMill assigns a technical rating of 6 / 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 57.7224. 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 0.180763, 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 neutral.