MIDDLESEX WATER CO (MSEX) Technical Analysis
NASDAQ:MSEX • US5966801087
Current stock price
MSEX Technical Rating and Analysis
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.
- 76% 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. 76% of 14 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month MSEX has a been trading in the 49.89 - 56.30 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.
- Volume is considerably higher in the last couple of days.
MSEX Weekly and Daily overview Charts
MSEX Setup Rating and Analysis
MSEX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 54.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.09, a Stop Loss order could be placed below this zone.
More info and screens
MSEX Support and Resistance Analysis
49.42
3 important support areas can be observed.
- A support zone ranging from 52.70 to 53.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.99 from a horizontal line in the daily time frame.
- 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.
When analyzing the resistance we notice 4 important areas.
- Strong resistance @54.03 from a horizontal line in the daily time frame.
- A resistance zone ranging from 55.09 to 55.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.19 from a trend line in the weekly time frame.
- Resistance @60.37 from a horizontal line in the weekly time frame.
MSEX Technical Indicator Signal Analysis
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 | 24.76 | NEGATIVE | MSEX has a low relative strength, it was outperformed by 75.24% off all stocks 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 | MIXED | The current price of MSEX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.67 | NEUTRAL | The RSI value for MSEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MSEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.34 | NEUTRAL | The Stochastics value for MSEX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for MSEX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.92 | NEGATIVE | The low ADX value for MSEX suggests a weak or negative trend. |
MSEX Chart- and CandleStick Pattern Analysis
MSEX Technicals: Chart, Performance Metrics, Trend & Indicators
53.44
+0.26 (+0.49%)
MIDDLESEX WATER CO / MSEX TA FAQ
Can you provide the ChartMill technical rating for MIDDLESEX WATER CO?
ChartMill assigns a technical rating of 4 / 10 to MSEX.
What is the current trend direction of MIDDLESEX WATER CO (MSEX) stock?
The current trend direction for MIDDLESEX WATER CO (MSEX) is Bearish.
Can you provide the RSI signal for MIDDLESEX WATER CO?
MIDDLESEX WATER CO (MSEX) has an RSI value of 52.67. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MIDDLESEX WATER CO?
The MACD indicator for MIDDLESEX WATER CO (MSEX) has a value of 0.106351, indicating a bearish trend.
What is the support and resistance level for MSEX stock?
MIDDLESEX WATER CO (MSEX) has a support level at 53.09 and a resistance level at 54.03. Check the full technical report for our detailed analysis of MSEX support and resistance levels.