Middlesex Water's 15min chart shows a bullish KDJ Golden Cross and Bullish Marubozu.

Based on the 15-minute chart of Middlesex Water's stock, a KDJ Golden Cross and Bullish Marubozu pattern was observed on August 19, 2025 at 12:00. This indicates a shift in the momentum of the stock price towards a more positive trend, with potential for further upward movement. The current market conditions suggest that buyers are in control and the bullish momentum is likely to continue.

On August 19, 2025, at 12:00, a significant technical indicator shift was observed in the 15-minute chart of Middlesex Water's (MSEX) stock. The appearance of a KDJ Golden Cross and Bullish Marubozu pattern indicated a shift in the stock's momentum towards a more positive trend, suggesting potential for further upward movement. This analysis is based on current market conditions where buyers appear to be in control, maintaining a bullish momentum.

Middlesex Water Company, founded in 1897, operates regulated water and wastewater utility systems in New Jersey and Delaware, serving approximately 123,000 customers across the two states. The company's revenue has grown steadily over the past decade, with a notable jump of 15% in 2024, driven by a rate increase. This resulted in a significant boost in profits, with net income rising almost 50% to $44.4 million.

The Bullish Marubozu pattern, characterized by a long white candle with no shadows, signifies strong buying pressure, indicating that the stock price is likely to continue its upward trend. The KDJ Golden Cross, where the K line crosses above the D line, is a signal that the stock's momentum is shifting to the upside. These patterns suggest that the stock is likely to experience further gains, supported by the company's robust financial performance and steady revenue growth.

Middlesex Water has been a reliable dividend stock, regularly increasing its payout. As of December 2024, the company paid a 2.6% dividend yield, with a payout ratio of about 60%. This indicates that the company has the capacity to continue increasing its dividend in the coming years.

Investors should monitor the company's quarterly earnings reports and any regulatory changes that may impact its operations. Additionally, keeping an eye on the broader economic conditions and interest rate policies can provide further insights into the stock's performance.

References:
[1] https://www.fool.com/investing/stock-market/market-sectors/consumer-staples/beverage-stocks/water-stocks/