MIDDLEBY CORP (MIDD) Stock Technical Analysis
USA - NASDAQ:MIDD - US5962781010 - Common Stock
Overall MIDD gets a technical rating of 0 out of 10. MIDD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of MIDD is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
117.12
When analyzing the support we notice one important area.
- A support zone ranging from 118.30 to 119.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 130.54 to 134.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 136.31 to 139.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 151.49 to 152.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MIDD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MIDD is down. |
| ChartMill Relative Strength | 28.5 | NEGATIVE | MIDD has a low relative strength, it was outperformed by 71.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MIDD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MIDD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MIDD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.42 | OVERSOLD | The low RSI value suggests MIDD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.15 | NEGATIVE | The MACD value suggests MIDD has a negative trend. |
| Stochastics (14,3) | 14.44 | OVERSOLD | The low Stochastics value suggests MIDD may be oversold. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for MIDD suggests some volalility. |
| Average Directional Index/ADX (14) | 16.78 | NEGATIVE | The low ADX value for MIDD suggests a weak or negative trend. |
122.12
-0.29 (-0.24%)
MIDDLEBY CORP / MIDD FAQ
What is the technical rating for MIDD stock?
ChartMill assigns a technical rating of 0 / 10 to MIDD.
What is the trend direction for MIDD stock?
The current trend direction for MIDDLEBY CORP (MIDD) is Bearish.
What is the RSI signal for MIDDLEBY CORP (MIDD) stock?
MIDDLEBY CORP (MIDD) has an RSI value of 29.4218. This indicates that the stock is currently oversold.
Can you provide the MACD signal for MIDDLEBY CORP?
The MACD indicator for MIDDLEBY CORP (MIDD) has a value of -1.14544, indicating a bearish trend.
Can you provide the short term momentum for MIDDLEBY CORP?
The short term momentum for MIDDLEBY CORP (MIDD) is negative.