THE MIDDLEBY CORP. - Daily - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 108.89 USD and 120.90 USD
My targets
-
My analysis
The short-term increase on THE MIDDLEBY CORP. remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 120.90 USD. The first support is located at 108.89 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THE MIDDLEBY CORP. rating is 115.31 USD. The price registered an increase of +1.55% on the session with the lowest point at 114.24 USD and the highest point at 115.31 USD. The deviation from the price is +0.94% for the low point and 0% for the high point.114.24
115.31
115.31
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by THE MIDDLEBY CORP.:
Technical
Technical analysis of this Daily chart of THE MIDDLEBY CORP. indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.62 | 98.18 | 108.89 | 115.31 | 120.90 | 126.16 | 129.65 |
| Change (%) | -30.08% | -14.86% | -5.57% | - | +4.85% | +9.41% | +12.44% |
| Change | -34.69 | -17.13 | -6.42 | - | +5.59 | +10.85 | +14.34 |
| Level | Intermediate | Major | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.02 | 112.08 | 112.82 | 113.88 | 114.62 | 115.68 | 116.42 |
| Camarilla | 113.06 | 113.22 | 113.39 | 113.55 | 113.72 | 113.88 | 114.05 |
| Woodie | 110.85 | 112.00 | 112.65 | 113.80 | 114.45 | 115.60 | 116.25 |
| Fibonacci | 112.08 | 112.77 | 113.20 | 113.88 | 114.57 | 115.00 | 115.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.84 | 106.64 | 109.96 | 112.76 | 116.08 | 118.88 | 122.20 |
| Camarilla | 111.60 | 112.16 | 112.72 | 113.28 | 113.84 | 114.40 | 114.96 |
| Woodie | 104.10 | 106.77 | 110.22 | 112.89 | 116.34 | 119.01 | 122.46 |
| Fibonacci | 106.64 | 108.98 | 110.42 | 112.76 | 115.10 | 116.54 | 118.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.36 | 100.87 | 108.89 | 115.40 | 123.41 | 129.92 | 137.94 |
| Camarilla | 112.91 | 114.24 | 115.57 | 116.90 | 118.23 | 119.56 | 120.89 |
| Woodie | 95.11 | 101.25 | 109.64 | 115.77 | 124.16 | 130.30 | 138.69 |
| Fibonacci | 100.87 | 106.42 | 109.85 | 115.40 | 120.95 | 124.38 | 129.92 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.80 | |
| MACD (12,26,9): | -0.7800 | |
| Directional Movement: | 0.50 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 112.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.92 | |
| Elder Ray (13): | 1.25 | |
| Super Trend (3,10): | 118.10 | |
| Zig ZAG (10): | 115.31 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 54.54 | |
| TEMA (21): | 113.20 | |
| Williams %R (14): | -37.84 | |
| Chande Momentum Oscillator (20): | 0.71 | |
| Repulse (5,40,3): | 0.9200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 5.26 |
| MA7: | 112.81 | |
| MA20: | 113.92 | |
| MA50: | 113.45 | |
| MA100: | 123.67 | |
| MAexp7: | 113.43 | |
| MAexp20: | 113.85 | |
| MAexp50: | 116.52 | |
| MAexp100: | 120.37 | |
| Price / MA7: | +2.22% | |
| Price / MA20: | +1.22% | |
| Price / MA50: | +1.64% | |
| Price / MA100: | -6.76% | |
| Price / MAexp7: | +1.66% | |
| Price / MAexp20: | +1.28% | |
| Price / MAexp50: | -1.04% | |
| Price / MAexp100: | -4.20% |
News
The latest news and videos published on THE MIDDLEBY CORP. at the time of the analysis were as follows:
- The Middleby Corporation Announces Bassoul Retirement, FitzGerald Named CEO
- UTC Climate, Controls & Security Signs Definitive Agreement to Sell Taylor Company
- Middleby Corporation to Host Earnings Call
- Consolidated Research: 2018 Summary Expectations for Convergys, Univar, Middleby, ServiceMaster Global, Red Rock Resorts, and Realty Income — Fundamental Analysis, Key Performance Indications
- Investor Network: Middleby Corporation to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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