MIDDLESEX WATER CO (MSEX) Stock Technical Analysis
USA - NASDAQ:MSEX - US5966801087 - Common Stock
53.57 USD
+0.76 (+1.44%)
53.57 USD
0 (0%)
Overall MSEX gets a technical rating of 0 out of 10. 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.
79% of all other stocks performed better in the past year than MSEX.
MSEX is part of the Water Utilities industry. There are 15 other stocks in this industry, of which 85% are performing better than MSEX.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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 44.17 - 62.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MSEX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
48.18
70.39
2 important support areas can be observed.
- Support @50.29 from a trend line in the weekly time frame.
- A support zone ranging from 48.67 to 49.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 53.58 to 54.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 55.14 to 55.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @60.37 from a horizontal line in the weekly time frame.
- Resistance @61.67 from a trend line in the daily time frame.
- Resistance @63.26 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MSEX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MSEX is down. |
| ChartMill Relative Strength | 21.17 | NEGATIVE | MSEX has a low relative strength, it was outperformed by 78.83% 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) | UP | MIXED | The current price of MSEX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.62 | NEUTRAL | The RSI value for MSEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.9 | NEGATIVE | The MACD value suggests MSEX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.88 | NEUTRAL | The Stochastics value for MSEX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for MSEX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.48 | POSITIVE | The high ADX value value for MSEX suggests a strong 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)
53.57
+0.76 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg1.44%
1 Week-6.79%
2 Weeks-11.25%
1 Month-6.35%
3 Month1%
6 Month-10.85%
12 Month-23.02%
2 Year-16.17%
3 Year-42.68%
5 Year-21.78%
10 Year109.01%
15 Year206.82%
Volatility
ATR(14)3.11
ATR(20)%5.15%
ATR Inc-54.06%
Range Today1.48
ADR(20)2.47
ADR(20)%4.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.17
3 months CRS43
6 months CRS16.82
Mansfield-1.46
10 Day High62.18
10 Day Low44.17
20 Day High62.18
20 Day Low44.17
52 Week High70.73
52 Week Low44.17
CS1 End50.29
CR1 Start53.58
Volume & EV
DER(3)0.94%
DER(5)1.26%
Volume143.20K
Volume Incr158.56%
Vol(5)319.92K
Vol(50)155.55K
MIDDLESEX WATER CO / MSEX FAQ
Can you provide the ChartMill technical rating for MIDDLESEX WATER CO?
ChartMill assigns a technical rating of 0 / 10 to MSEX.
What is the trend direction for MSEX stock?
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 43.6201. This indicates that the stock is currently neutral.
What is the MACD signal for MIDDLESEX WATER CO (MSEX) stock?
The MACD indicator for MIDDLESEX WATER CO (MSEX) has a value of -0.896149, indicating a bearish trend.
What is the short term momentum for MIDDLESEX WATER CO (MSEX) stock?
The short term momentum for MIDDLESEX WATER CO (MSEX) is negative.