We assign a technical rating of 1 out of 10 to MSEX. MSEX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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 support zone below the current price at 50.53, a Stop Loss order could be placed below this zone.
More info and screens
48.09
We found 2 important support areas.
- A support zone ranging from 50.00 to 50.53. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 52.35 to 54.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.88 from a trend line in the weekly time frame.
- Resistance @60.73 from a trend line in the daily time frame.
- Resistance @63.26 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for MSEX is neutral. |
| ChartMill Relative Strength | 30.85 | 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) | 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) | 45.92 | NEUTRAL | The RSI value for MSEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests MSEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.23 | NEUTRAL | The Stochastics value for MSEX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for MSEX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.48 | NEGATIVE | The low ADX value for MSEX suggests a weak or negative trend. |
51.7
-1.82 (-3.4%)
MIDDLESEX WATER CO / MSEX FAQ
Can you provide the ChartMill technical rating for MIDDLESEX WATER CO?
ChartMill assigns a technical rating of 1 / 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 45.9229. 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 0.308519, 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 neutral.