Technical Analysis for MIDD - The Middleby Corporation

Grade Last Price % Change Price Change
C 142.60 1.13% 1.59
MIDD closed up 1.13 percent on Friday, April 19, 2024, on 79 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: May 8
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness 1.13%
Gapped Up Strength 1.13%
Down 3 Days in a Row Weakness 1.13%
Down 4 Days in a Row Weakness 1.13%
Down 5 Days in a Row Weakness 1.13%
Oversold Stochastic Weakness 1.13%
180 Bearish Setup Bearish Swing Setup 0.94%

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Profile

The Middleby Corporation Description

The Middleby Corporation designs, manufactures, markets, distributes, and services commercial foodservice and food processing equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. The company's Commercial Foodservice Equipment group offers cooking and warming equipment for quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels, and other institutions. It provides conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; and ranges, fryers, rethermalizers, steam cooking equipment, warming equipment, heated cabinets, charbroliers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, and beverage equipment. This segment markets its products under the Anets, Beech, Blodgett, Blodgett Combi, Blodgett Range, Bloomfield, Britannia, CTX, Carter-Hoffmann, CookTek, Doyon, Frifri, Giga, Holman, Houno, IMC, Jade, Lang, Lincat, MagiKitch'n, Middleby Marshall, MPC, Nieco, Nu-Vu, PerfectFry, Pitco Frialator, Southbend, Star, Toastmaster, TurboChef, and Wells brands. The company's Food Processing Equipment group offers food processing solutions for customers producing pre-cooked meat products. It offers batch, baking, proofing, conveyor, and continuous processing ovens; frying systems and automated thermal processing systems; grinders, slicers, emulsifiers, mixers, blenders, battering and breading equipment, food presses, and forming equipment; and various food safety, food handling, freezing, and packaging equipment. This segment markets its products under the Alkar, Armor Inox, Auto-Bake, Baker Thermal Solutions, Cozzini, Danfotech, Drake, Maurer-Atmos, MP Equipment, RapidPak, and Stewart Systems brands. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.


Classification

Sector: Industrials
Industry: Diversified Industrials
Keywords: Retail Outlets Cooking Home Appliances Food Processing Food Safety Mixer Baking Ovens Countertop Meat Products Cooking Appliances Elgin Cooking And Warming Equipment Food Handling Food Processing Equipment Food Processing Solutions Foodservice Equipment Thermal Processing Systems

Is MIDD a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 161.015
52 Week Low 109.59
Average Volume 365,437
200-Day Moving Average 139.37
50-Day Moving Average 150.94
20-Day Moving Average 150.58
10-Day Moving Average 145.64
Average True Range 3.20
RSI (14) 35.48
ADX 22.25
+DI 12.37
-DI 26.83
Chandelier Exit (Long, 3 ATRs) 151.40
Chandelier Exit (Short, 3 ATRs) 150.15
Upper Bollinger Bands 162.84
Lower Bollinger Band 138.32
Percent B (%b) 0.17
BandWidth 16.29
MACD Line -2.86
MACD Signal Line -1.51
MACD Histogram -1.3531
Fundamentals Value
Market Cap 7.64 Billion
Num Shares 53.6 Million
EPS 8.44
Price-to-Earnings (P/E) Ratio 16.90
Price-to-Sales 1.92
Price-to-Book 2.53
PEG Ratio 1.16
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 146.13
Resistance 3 (R3) 145.97 144.63 145.54
Resistance 2 (R2) 144.63 143.73 144.71 145.35
Resistance 1 (R1) 143.61 143.17 144.12 143.78 145.15
Pivot Point 142.27 142.27 142.53 142.35 142.27
Support 1 (S1) 141.26 141.37 141.77 141.42 140.05
Support 2 (S2) 139.92 140.82 140.00 139.85
Support 3 (S3) 138.90 139.92 139.66
Support 4 (S4) 139.07