Taking everything into account, MIDD scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MIDD is only an average performer.
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.
More info and screens
117.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 148.66 to 152.11. 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 | 74.03 | POSITIVE | MIDD has a high relative strength, it outperformed 74.03% 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) | DOWN | MIXED | The current price of MIDD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.83 | NEUTRAL | The RSI value for MIDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests MIDD has a negative trend. |
| Stochastics (14,3) | 71.97 | NEUTRAL | The Stochastics value for MIDD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for MIDD suggests some volalility. |
| Average Directional Index/ADX (14) | 49.74 | POSITIVE | The high ADX value value for MIDD suggests a strong trend. |
156.45
+5.8 (+3.85%)
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 69.8306. This indicates that the stock is currently neutral.
What is the MACD signal for MIDDLEBY CORP (MIDD) stock?
The MACD indicator for MIDDLEBY CORP (MIDD) has a value of -0.269651, 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.