MIDDLEBY CORP (MIDD) Stock Technical Analysis
NASDAQ:MIDD - US5962781010 - Common Stock
137.31 USD
+7.18 (+5.52%)
137.31 USD
0 (0%)
Taking everything into account, MIDD scores 0 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
80% of all other stocks performed better in the past year than MIDD.
MIDD is one of the lesser performing stocks in the Machinery industry. 68% of 127 stocks in the same industry do better.
MIDD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MIDD has a been trading in the 118.09 - 150.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MIDD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
117.11
153.64
When analyzing the support we notice one important area.
- A support zone ranging from 118.29 to 119.70. 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 145.93 to 146.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @149.71 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 152.11 to 152.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for MIDD is neutral. |
| ChartMill Relative Strength | 20.85 | NEGATIVE | MIDD has a low relative strength, it was outperformed by 79.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MIDD is above 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) | UP | MIXED | The current price of MIDD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.36 | NEUTRAL | The RSI value for MIDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.71 | POSITIVE | The MACD value suggests MIDD has a positive trend. |
| Stochastics (14,3) | 52.85 | NEUTRAL | The Stochastics value for MIDD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for MIDD suggests some volalility. |
| Average Directional Index/ADX (14) | 21.92 | NEUTRAL | The ADX value for MIDD suggests a possible start of a new 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)
137.31
+7.18 (+5.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg5.52%
1 Week3.54%
2 Weeks14.7%
1 Month-8.28%
3 Month-5.82%
6 Month-17.81%
12 Month-3.34%
2 Year-5.69%
3 Year-4.53%
5 Year40.26%
10 Year26.49%
15 Year649.09%
Volatility
ATR(14)6.24
ATR(20)%3.85%
ATR Inc-25.67%
Range Today6.76
ADR(20)4.93
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.85
Mansfield-1.29
10 Day High138.49
10 Day Low118.71
20 Day High150.8
20 Day Low118.09
52 Week High182.73
52 Week Low118.09
CS1 End119.7
CR1 Start145.93
Volume & EV
DER(3)1.33%
DER(5)0.73%
Volume792.00K
Volume Incr-38.11%
Vol(5)763.68K
Vol(50)993.17K