MIDDLEBY CORP (MIDD) Stock Technical Analysis
NASDAQ:MIDD - Nasdaq - US5962781010 - Common Stock - Currency: USD
Overall MIDD gets a technical rating of 3 out of 10. 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.
MIDD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, MIDD outperforms 56% of them, which is more or less in line with the market.
MIDD is an average performer in the Machinery industry, it outperforms 62% of 128 stocks in the same industry.
MIDD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MIDD is lagging the market slightly.
Although the technical rating is bad, MIDD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 144.50, a Stop Loss order could be placed below this zone.
More info and screens
122.76
153.64
3 important support areas can be observed.
- A support zone ranging from 141.40 to 144.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 126.90 to 128.50. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @124.00 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 145.34 to 152.12. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 56.25 | NEUTRAL | MIDD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MIDD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MIDD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MIDD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.39 | NEUTRAL | The RSI value for MIDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests MIDD has a negative trend. |
| Stochastics (14,3) | 34.44 | NEUTRAL | The Stochastics value for MIDD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for MIDD suggests some volalility. |
| Average Directional Index/ADX (14) | 14.84 | NEGATIVE | The low ADX value for MIDD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
144.55
-1.58 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.08%
1 Week-0.85%
2 Weeks-4.58%
1 Month4.32%
3 Month-10.14%
6 Month1.8%
12 Month14.82%
2 Year-2.22%
3 Year15.31%
5 Year83.11%
10 Year28.8%
15 Year715.27%
Volatility
ATR(14)3.3
ATR(20)%2.78%
ATR Inc-30.16%
Range Today3.12
ADR(20)3.58
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.25
Mansfield-0.12
10 Day High152.22
10 Day Low143.21
20 Day High152.22
20 Day Low130.9
52 Week High182.73
52 Week Low118.41
CS1 End144.5
CR1 Start145.34
Volume & EV
DER(3)2.67%
DER(5)2%
Volume926.20K
Volume Incr-30.23%
Vol(5)670.32K
Vol(50)976.93K