MIDDLEBY CORP (MIDD) Stock Technical Analysis
NASDAQ:MIDD - Nasdaq - US5962781010 - Common Stock - Currency: USD
Taking everything into account, MIDD scores 4 out of 10 in our technical rating. MIDD has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
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 64% of them, which is more or less in line with the market.
MIDD is part of the Machinery industry. There are 127 other stocks in this industry, MIDD did better than 55% 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.
In the last month MIDD has a been trading in the 138.98 - 152.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, MIDD does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
122.76
153.64
When analyzing the support we can see 5 important areas.
- Support @144.09 from a trend line in the daily time frame.
- Support @140.93 from a horizontal line in the daily time frame.
- A support zone ranging from 129.87 to 130.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @126.90 from a horizontal line in the weekly time frame.
- Support @124.00 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 145.01 to 149.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 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 | 64.41 | 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) | UP | MIXED | The current price of MIDD is below the rising 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) | 47.11 | NEUTRAL | The RSI value for MIDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests MIDD has a negative trend. |
| Stochastics (14,3) | 45.51 | NEUTRAL | The Stochastics value for MIDD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for MIDD suggests some volalility. |
| Average Directional Index/ADX (14) | 11.23 | 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)
144.46
-2.02 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.38%
1 Week-1.08%
2 Weeks-0.64%
1 Month2.1%
3 Month10.43%
6 Month-14.88%
12 Month9.68%
2 Year-4.87%
3 Year-0.16%
5 Year73.92%
10 Year17.73%
15 Year653.56%
Volatility
ATR(14)3.96
ATR(20)%2.6%
ATR Inc3.74%
Range Today4.81
ADR(20)3.71
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.41
Mansfield-0.73
10 Day High152.56
10 Day Low140.72
20 Day High152.56
20 Day Low138.98
52 Week High182.73
52 Week Low121.7
CS1 End144.09
CR1 Start145.01
Volume & EV
DER(3)2.79%
DER(5)2.55%
Volume1.29M
Volume Incr-12.84%
Vol(5)778.02K
Vol(50)843.85K