Middlesex Water's 15min Chart Shows Bollinger Bands Narrowing and Bearish Marubozu Formation.

Middlesex Water's 15-minute chart has triggered a narrowing of Bollinger Bands and a bearish Marubozu pattern at 08/18/2025 12:00. This suggests a decrease in the magnitude of stock price fluctuations, indicating that sellers are in control of the market and that bearish momentum is likely to persist.

Middlesex Water's 15-minute chart has recently exhibited a narrowing of Bollinger Bands, accompanied by a bearish Marubozu formation at 12:00 on August 18, 2025. This technical indicator suggests a reduction in the magnitude of stock price fluctuations, indicating that sellers are currently in control of the market. The bearish momentum is likely to persist, according to the chart's analysis [1].

Bollinger Bands are volatility indicators that consist of a simple moving average and two standard deviations above and below it. A narrowing of these bands indicates a decrease in volatility. When combined with a bearish Marubozu, which is a candlestick pattern with no upper or lower shadows, it signals that the stock price is moving lower with strong selling pressure. This pattern is often associated with a continuation of the current trend, in this case, a downtrend [2].

Middlesex Water, founded in 1897, operates in New Jersey and Delaware. Its revenue grew by 15% in 2024, and it paid a dividend yield of 2.6%. The company's net income jumped by almost 50% in 2024 due to a rate increase. However, the recent technical indicators suggest that investors should be cautious. The narrowing of Bollinger Bands and the bearish Marubozu pattern indicate that the stock may continue to experience downward pressure [1].

Investors should stay informed about market dynamics and technical indicators to make informed investment decisions. While the water industry is poised for growth due to increasing demand driven by climate change and urbanization, the current technical indicators for Middlesex Water suggest a cautious approach [2].

References:
[1] https://www.ainvest.com/news/middlesex-water-15min-chart-shows-bollinger-bands-narrowing-bearish-marubozu-formation-2508/
[2] https://www.fool.com/investing/stock-market/market-sectors/consumer-staples/beverage-stocks/water-stocks/