Chesapeake Utilities Triggers Bearish MACD, KDJ Death Cross, Bearish Marubozu on 15min Chart

According to Chesapeake Utilities' 15-minute chart, a MACD Death Cross, KDJ Death Cross, and Bearish Marubozu were triggered at 10:00 AM on August 14, 2023. This suggests that the stock price has the potential to continue falling, and there is a shift in momentum towards the downside, with a potential for further decreases. Sellers currently have control of the market, and it is likely that bearish momentum will continue.

Chesapeake Utilities (CPK), a leading energy and utility company, reported its second-quarter 2025 earnings on August 14, 2023, with the stock experiencing a significant drop following the release. According to the company's 15-minute chart, a MACD Death Cross, KDJ Death Cross, and Bearish Marubozu were triggered at 10:00 AM, indicating a potential shift in momentum towards the downside. This suggests that the stock price has the potential to continue falling, with sellers currently in control of the market.

The earnings report showed that Chesapeake Utilities beat the Zacks Consensus Estimate of $1 per share, posting earnings of $1.04 per share [1]. This represents an earnings surprise of +4.00% and marks the fourth consecutive quarterly increase following the Florida City Gas acquisition. The company also reported revenues of $192.8 million, surpassing the Zacks Consensus Estimate by 3.99% [1].

However, the stock's immediate price movement is likely to be influenced by management's commentary on the earnings call. The company raised its 2025 capital expenditure guidance to $375 million to $425 million, up $50 million from the prior range [2]. This increase reflects a strong investment pace and project pipeline, but it remains to be seen how investors will react to this guidance.

Chesapeake Utilities shares have underperformed the market so far this year, losing about 0.7% compared to the S&P 500's gain of 7.9% [1]. The company's earnings outlook and estimate revisions will be crucial factors for investors to consider as they assess the stock's potential future performance.

References:
[1] https://www.nasdaq.com/articles/chesapeake-utilities-cpk-q2-earnings-and-revenues-surpass-estimates
[2] https://seekingalpha.com/news/4482619-chesapeake-utilities-raises-2025-capital-expenditure-guidance-to-425m-while-reaffirming-eps