The Middleby Corporation (MIDD)

The Middleby Corporation is trading at $115.57, up 0.60% on the session. The 50 day average sits at $132.13 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 32.6, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $111.99 with resistance near $127.43, so that band frames the current range. Average daily movement is roughly $4.61, or about 4.0% of the share price, which is what any stop placement has to allow for. The overall health score of 33 out of 100 combines a trend score of 28, momentum of 22 and a risk score of 56.

The Middleby Corporation operates in the foodservice industry worldwide. The company develops and manufactures a line of solutions used in commercial foodservice and food processing. It offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers and refrigerators, stainless steel fabrication, custom millwork, blast chillers, coldrooms, ice machines, and frozen dessert equipment; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispenser, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing. 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.