We assign a technical rating of 0 out of 10 to MIDD. 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.
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. There is a support zone below the current price at 117.43, a Stop Loss order could be placed below this zone.
More info and screens
115.34
When analyzing the support we notice one important area.
- A support zone ranging from 116.50 to 117.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 118.35 to 119.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @124.50 from a horizontal line in the daily time frame.
- A resistance zone ranging from 127.05 to 128.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 133.39 to 134.26. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @151.49 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 | DOWN | NEGATIVE | The long term trend for MIDD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MIDD is down. |
| ChartMill Relative Strength | 19.41 | NEGATIVE | MIDD has a low relative strength, it was outperformed by 80.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MIDD is below 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) | DOWN | NEGATIVE | The current price of MIDD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.31 | NEUTRAL | The RSI value for MIDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MIDD has a positive trend. |
| Stochastics (14,3) | 27.74 | NEUTRAL | The Stochastics value for MIDD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for MIDD suggests some volalility. |
| Average Directional Index/ADX (14) | 17.73 | NEGATIVE | The low ADX value for MIDD suggests a weak or negative trend. |
117.44
+1.75 (+1.51%)
MIDDLEBY CORP / MIDD FAQ
What is the technical rating for MIDD stock?
ChartMill assigns a technical rating of 0 / 10 to MIDD.
What is the trend direction for MIDD stock?
The current trend direction for MIDDLEBY CORP (MIDD) is Bearish.
What is the RSI signal for MIDDLEBY CORP (MIDD) stock?
MIDDLEBY CORP (MIDD) has an RSI value of 41.3064. 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 0.0314053, indicating a bearish trend.
Can you provide the short term momentum for MIDDLEBY CORP?
The short term momentum for MIDDLEBY CORP (MIDD) is negative.