Taking everything into account, MIDD scores 8 out of 10 in our technical rating. Although MIDD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although MIDD has an excellent technical rating, it does not present a decent entry opportunity 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.
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117.94
3 important support areas can be observed.
- Support @156.60 from a trend line in the daily time frame.
- A support zone ranging from 148.66 to 153.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @119.13 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for MIDD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MIDD is up. |
| ChartMill Relative Strength | 78.47 | POSITIVE | MIDD has a high relative strength, it outperformed 78.47% off all stocks 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) | UP | POSITIVE | The current price of MIDD is above the rising 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) | 71.6 | OVERBOUGHT | The high RSI value suggests MIDD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MIDD has a positive trend. |
| Stochastics (14,3) | 83.66 | OVERBOUGHT | The high Stochastics value suggests MIDD may be overbought. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for MIDD suggests some volalility. |
| Average Directional Index/ADX (14) | 54.21 | POSITIVE | The high ADX value value for MIDD suggests a strong trend. |
157.69
-0.85 (-0.54%)
MIDDLEBY CORP / MIDD FAQ
What is the technical rating for MIDD stock?
ChartMill assigns a technical rating of 8 / 10 to MIDD.
What is the current trend direction of MIDDLEBY CORP (MIDD) stock?
The current trend direction for MIDDLEBY CORP (MIDD) is Bullish.
What is the RSI signal for MIDD stock?
MIDDLEBY CORP (MIDD) has an RSI value of 71.5996. This indicates that the stock is currently overbought.
What is the MACD signal for MIDDLEBY CORP (MIDD) stock?
The MACD indicator for MIDDLEBY CORP (MIDD) has a value of 0.0286346, indicating a bearish trend.
What is the buy/sell signal for MIDD stock?
The buy/sell signal for MIDDLEBY CORP (MIDD) is buy as both the short term and long term trends are positive.