Middlesex Water Co

Recent decisive breakdown below the $57.30 60 support zone on heavy volume, confirmed by EMAs rolling over and neutral OB/OS context, establishes a medium-term bearish bias. We recommend selling now into any rallies toward the former support band, with an expectation of further downside toward the 200-day moving average near $53.65. We will monitor any clean reclaim of the zone with volume for potential invalidation.

• ↑Q2 2026 sales rose to $56.36m; net income $14.77m.
• ↑EPS of $0.79 topped consensus $0.66 estimate.
• ↓Negative profitability factor indicates operational inefficiencies.