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Stock Charts AI Power Rank: 5.3
Power Rank trend -> Rising

Middleby Corp (MIDD)

Industry: Specialty Industrial Machinery

Price Support Resistance

In the past 20 trading days, MIDD has been trading in a range between $135.43 and $119.13 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

MIDD is trading between resistance at $141.25 about 7% to the upside and support at $130.04 -1% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $147.66, about a 12% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Middleby Corp $MIDD entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $166.33, a potential upside of 26.29% from the recent price of 131.71. The stock is trading 22.25% (potential upside) below its 52 week high of $161.01 and 20.18 % (potential downside) above its 52 week low of $109.59 - based on the recent price.

Company Summary

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing. The company's Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and automated washing systems, auto-guided vehicles, food safety, food handling, freezing, and defrosting and packaging equipment.

MIDD Website

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