RSI low/high Values: [ 25 - 75 ]
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Middlesex Water Company stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Middlesex Water Company stock price gained 0.191% on the last trading day (Thursday, 28th Mar 2024), rising from $52.40 to $52.50. During the last trading day the stock fluctuated 1.88% from a day low at $52.33 to a day high of $53.31. The price has fallen in 6 of the last 10 days but is still up by 1.27% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 91 thousand shares were bought and sold for approximately $4.78 million.

Given the current short-term trend, the stock is expected to fall -20.19% during the next 3 months and, with a 90% probability hold a price between $38.95 and $41.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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MSEX Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 4.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Middlesex Water Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $52.52. On a fall, the stock will find some support from the short-term average at $51.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Middlesex Water Company stock

Middlesex Water Company finds support from accumulated volume at $51.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.98 between high and low, or 1.88%. For the last week the stock has had daily average volatility of 2.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MSEX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Middlesex Water Company to open at $52.71, and during the day (based on 14 day Average True Range), to move between $50.98 and $54.02, which gives a possible trading interval of +/-$1.52 (+/-2.89%) up or down from last closing price. If Middlesex Water Company takes out the full calculated possible swing range there will be an estimated 5.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $52.57 (0.13%) than the support at $51.80 (1.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Middlesex Water Company stock A Buy?

Middlesex Water Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.278 Sell Candidate Downgraded

Predicted Opening Price for Middlesex Water Company of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$52.71 ( 0.403%) $52.50

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MSEX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 53.70 2.28 %
R2 53.32 1.56 %
R1 53.09 1.12 %
Current price: 52.50
Support S1 52.34 -0.314 %
S2 52.10 -0.756 %
S3 51.73 -1.47 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 63.00 20.00 %
R2 54.31 3.45 %
R1 52.57 0.133 %
Current price 52.50
Support S1 51.80 -1.33%
S2 51.47 -1.96%
S3 51.42 -2.06%

MSEX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 29, 2024 Feb 14, 2024 Mar 01, 2024 $0.325 0.634%
2 Oct 20, 2023 Nov 15, 2023 Dec 01, 2023 $0.330 0.500%
3 Jul 21, 2023 Aug 10, 2023 Sep 01, 2023 $0.313 0.423%
4 Apr 28, 2023 May 11, 2023 Jun 01, 2023 $0.313 0.393%
5 Jan 27, 2023 Feb 13, 2023 Mar 01, 2023 $0.313 0.408%

FAQ

What is the symbol for Middlesex Water Company Stock and on which exchange is it traded?
The symbol for Middlesex Water Company is MSEX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Middlesex Water Company Stock?
Middlesex Water Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Middlesex Water Company Stock?
Middlesex Water Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Middlesex Water Company Stock.

What's the current price of Middlesex Water Company Stock?
As of the end of day on the 2024-03-28, the price of an Middlesex Water Company (MSEX) share was $52.50.

What is the 52-week high and low for Middlesex Water Company Stock?
The 52-week high for Middlesex Water Company Stock is $84.38 and the 52-week low is $48.59.

What is the market capitalization of Middlesex Water Company Stock?
As of the 2024-03-28, the market capitalization of Middlesex Water Company is 935.639M.

When is the next earnings date for Middlesex Water Company?
The upcoming earnings date for Middlesex Water Company is May 06, 2024.
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About Middlesex Water Company

Middlesex Water Company Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract se... MSEX Profile

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