Middlesex Water's 15min chart shows KDJ Death Cross and Bearish Marubozu.

Middlesex Water's 15-minute chart has exhibited a KDJ Death Cross and a Bearish Marubozu formation as of August 15, 2025 at 4:00 PM. This indicates a shift in the stock's momentum towards a downward trajectory, potentially leading to further declines. The market is currently under the control of sellers, and it is likely that the bearish momentum will persist.

As of August 15, 2025, at 4:00 PM, the 15-minute chart for Middlesex Water Company (MSEX) exhibited a KDJ Death Cross and a Bearish Marubozu formation. These technical indicators suggest a shift in the stock's momentum towards a downward trajectory, potentially leading to further declines. The market is currently under the control of sellers, indicating that the bearish momentum is likely to persist.

The KDJ Death Cross, a reversal pattern in the Keltner Channels, is formed when the K line crosses below the D line, signaling a potential trend change. The Bearish Marubozu formation is characterized by a long body with no shadows on either side, indicating strong selling pressure. These formations are often associated with a continuation of the current trend or a reversal, but in this case, the strong selling pressure suggests a downward movement.

Middlesex Water Company, founded in 1897, operates regulated water and wastewater utility systems in New Jersey and Delaware. It has approximately 123,000 customers across the two states. The company's revenue has grown steadily over the past decade, but a rate increase in 2024 led to a 15% jump in revenue to $191.9 million. Despite this growth, the technical indicators suggest that the stock may face further declines in the near term.

Investors should closely monitor the stock's performance and consider the implications of the technical indicators on their investment strategy. The company's dividend yield of 2.6% as of December 2024 remains attractive, but the current bearish momentum may impact the stock's price in the short term.

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