RSI low/high Values: [ 25 - 75 ]
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AI Analysis of MIDD
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The Middleby Corporation stock price up 0.790% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 11.56% PDF

The The Middleby Corporation stock price gained 0.790% on the last trading day (Thursday, 28th Mar 2024), rising from $159.53 to $160.79. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.49% from a day low at $158.65 to a day high of $161.02. The price has risen in 7 of the last 10 days and is up by 4.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 thousand more shares were traded than the day before. In total, 308 thousand shares were bought and sold for approximately $49.57 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.47% during the next 3 months and, with a 90% probability hold a price between $172.05 and $189.47 at the end of this 3-month period.

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MIDD Signals & Forecast

The The Middleby Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $156.24 and $152.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 18.76%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, January 26, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, January 26, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for The Middleby Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $150.64 and $148.31. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Middleby Corporation finds support just below today's level at $150.64. If this is broken, then the next support from accumulated volume will be at $148.31 and $145.52.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.36 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.33%.

Our recommended stop-loss: $154.87 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 50 days ago.)

Trading Expectations (MIDD) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect The Middleby Corporation to open at $160.15, and during the day (based on 14 day Average True Range), to move between $157.88 and $163.70, which gives a possible trading interval of +/-$2.91 (+/-1.81%) up or down from last closing price. If The Middleby Corporation takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $150.64, some $10.15 (6.31%) from the current price of $160.79, our system finds the risk reward attractive.

Is The Middleby Corporation stock A Buy?

The Middleby Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.767 Strong Buy Candidate Unchanged

Predicted Opening Price for The Middleby Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$160.15 ( 0.397%) $160.79

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MIDD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 162.52 1.07 %
R2 161.61 0.512 %
R1 161.06 0.165 %
Current price: 160.79
Support S1 159.25 -0.96 %
S2 158.69 -1.31 %
S3 157.79 -1.87 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 160.79
Support S1 150.64 -6.31%
S2 148.31 -7.76%
S3 145.52 -9.50%

MIDD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 19, 2004 Jun 02, 2004 Jul 06, 2004 $0.0667 0.748%
2 Oct 30, 2003 Nov 07, 2003 Dec 19, 2003 $0.0417 0.575%
3 Dec 11, 2000 Dec 18, 2000 Dec 29, 2000 $0.0167 1.67%
4 Feb 26, 1991 Feb 26, 1991 Mar 25, 1991 $0.0033 1.00%
5 Nov 06, 1990 Nov 14, 1990 Dec 15, 1990 $0.0033 1.60%

FAQ

What is the symbol for The Middleby Corporation Stock and on which exchange is it traded?
The symbol for The Middleby Corporation is MIDD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell The Middleby Corporation Stock?
The Middleby Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy The Middleby Corporation Stock?
The Middleby Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy The Middleby Corporation Stock.

What's the current price of The Middleby Corporation Stock?
As of the end of day on the 2024-03-28, the price of an The Middleby Corporation (MIDD) share was $160.79.

What is the 52-week high and low for The Middleby Corporation Stock?
The 52-week high for The Middleby Corporation Stock is $161.02 and the 52-week low is $109.59.

What is the market capitalization of The Middleby Corporation Stock?
As of the 2024-03-28, the market capitalization of The Middleby Corporation is 8.619B.

When is the next earnings date for The Middleby Corporation?
The upcoming earnings date for The Middleby Corporation is May 08, 2024.
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About The Middleby Corporation

The Middleby The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; steam cooking, food warming, c... MIDD Profile

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