MIDDLESEX WATER CO (MSEX) Stock Technical Analysis
USA - NASDAQ:MSEX - US5966801087 - Common Stock
57.2 USD
+0.65 (+1.15%)
57.2 USD
0 (0%)
Taking everything into account, MSEX scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MSEX was also a bad performer in the overall market in the last year.
67% of all other stocks performed better in the past year than MSEX.
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 51.82 - 57.61 range, which is quite wide. It is currently trading near the high of this range.
MSEX is an average performer in the Water Utilities industry, it outperforms 46% 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MSEX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
49.63
70.39
When analyzing the support we can see 4 important areas.
- A support zone ranging from 53.45 to 54.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.56 from a trend line in the daily time frame.
- Support @51.52 from a horizontal line in the daily time frame.
- A support zone ranging from 50.13 to 50.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 57.21 to 57.21. 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 | 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 | 33.87 | 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) | UP | POSITIVE | The current price of MSEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.23 | NEUTRAL | The RSI value for MSEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests MSEX has a positive trend. |
| Stochastics (14,3) | 96.63 | OVERBOUGHT | The high Stochastics value suggests MSEX may be overbought. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for MSEX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.5 | NEGATIVE | The low ADX value for MSEX suggests a weak or negative 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)
57.2
+0.65 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg1.15%
1 Week6.78%
2 Weeks6.92%
1 Month6.08%
3 Month4.63%
6 Month-7.95%
12 Month-9.52%
2 Year-9.96%
3 Year-36.07%
5 Year-10.82%
10 Year121.96%
15 Year220.27%
Volatility
ATR(14)1.24
ATR(20)%2.2%
ATR Inc52.61%
Range Today1.28
ADR(20)1.25
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.87
Mansfield-0.84
10 Day High57.61
10 Day Low51.9
20 Day High57.61
20 Day Low51.82
52 Week High70.73
52 Week Low48.18
CS1 End54.47
CR1 Start57.21
Volume & EV
DER(3)1.5%
DER(5)1.81%
Volume155.10K
Volume Incr-30.95%
Vol(5)99.38K
Vol(50)131.13K