THE MIDDLEBY CORP.
THE MIDDLEBY CORP.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MIDD
ISIN:

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.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard111.02112.08112.82113.88114.62115.68116.42
Camarilla113.06113.22113.39113.55113.72113.88114.05
Woodie110.85112.00112.65113.80114.45115.60116.25
Fibonacci112.08112.77113.20113.88114.57115.00115.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard103.84106.64109.96112.76116.08118.88122.20
Camarilla111.60112.16112.72113.28113.84114.40114.96
Woodie104.10106.77110.22112.89116.34119.01122.46
Fibonacci106.64108.98110.42112.76115.10116.54118.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard94.36100.87108.89115.40123.41129.92137.94
Camarilla112.91114.24115.57116.90118.23119.56120.89
Woodie95.11101.25109.64115.77124.16130.30138.69
Fibonacci100.87106.42109.85115.40120.95124.38129.92

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%

This member declared not having a position on this financial instrument or a related financial instrument.

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