MIDDLEBY CORP (MIDD) Technical Analysis
NASDAQ:MIDD • US5962781010
Current stock price
MIDD Technical Rating and Analysis
Taking everything into account, MIDD scores 3 out of 10 in our technical rating. MIDD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month MIDD has a been trading in the 126.35 - 147.80 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, MIDD outperforms 46% of them, which is more or less in line with the market.
- MIDD is part of the Machinery industry. There are 131 other stocks in this industry, MIDD did better than 42% of them.
- MIDD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MIDD is lagging the market.
MIDD Weekly and Daily overview Charts
MIDD Setup Rating and Analysis
Although the technical rating is bad, MIDD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 144.68. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MIDD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MIDD Support and Resistance Analysis
117.94
2 important support areas can be observed.
- A support zone ranging from 127.18 to 131.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @119.13 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 144.68 to 145.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @171.14 from a horizontal line in the weekly time frame.
MIDD Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for MIDD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MIDD is neutral. |
| ChartMill Relative Strength | 46.99 | NEUTRAL | MIDD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MIDD is above the rising 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 | MIXED | The current price of MIDD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.46 | NEUTRAL | The RSI value for MIDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.3 | POSITIVE | The MACD value suggests MIDD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.58 | OVERBOUGHT | The high Stochastics value suggests MIDD may be overbought. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for MIDD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.88 | NEUTRAL | The ADX value for MIDD suggests a possible start of a new trend. |
MIDD Chart- and CandleStick Pattern Analysis
MIDD Technicals: Chart, Performance Metrics, Trend & Indicators
144.67
+2.12 (+1.49%)
MIDDLEBY CORP / MIDD TA FAQ
What is the technical rating for MIDD stock?
ChartMill assigns a technical rating of 3 / 10 to MIDD.
What is the current trend direction of MIDDLEBY CORP (MIDD) stock?
The current trend direction for MIDDLEBY CORP (MIDD) is Bearish.
Can you provide the RSI signal for MIDDLEBY CORP?
MIDDLEBY CORP (MIDD) has an RSI value of 54.4596. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MIDDLEBY CORP?
The MACD indicator for MIDDLEBY CORP (MIDD) has a value of 1.30457, indicating a bullish trend.
What are the support and resistance levels for MIDDLEBY CORP (MIDD) stock?
MIDDLEBY CORP (MIDD) has a support level at 131.08 and a resistance level at 144.68. Check the full technical report for our detailed analysis of MIDD support and resistance levels.