When (MIDD) Moves Investors should Listen
February 07, 2025, 09:00 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MIDD
- Buy MIDD near 153.25 target n/a stop loss @ 152.81. Details
The technical summary data tells us to buy MIDD near 153.25, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 152.81 to protect against excessive loss in case the stock begins to move against the trade. 153.25 is the first level of support below 167.11, and by rule, any test of support is a buy signal. In this case, if support 153.25 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for MIDD
- Buy MIDD slightly over 183.55, target n/a, Stop Loss @ 183.02 Details
If 183.55 begins to break higher, the technical summary data tells us to buy MIDD just slightly over 183.55, with an upside target of n/a. The data also tells us to set a stop loss @ 183.02 in case the stock turns against the trade. 183.55 is the first level of resistance above 167.11, and by rule, any break above resistance is a buy signal. In this case, 183.55, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MIDD slightly near 183.55, target 166.49, Stop Loss @ 184.08. Details
The technical summary data is suggesting a short of MIDD if it tests 183.55 with a downside target of 166.49. We should have a stop loss in place at 184.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 183.55, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MIDD
- Buy MIDD slightly over 167.51, target 183.55, Stop Loss @ 167.12 Details
If 167.51 begins to break higher, the technical summary data tells us to buy MIDD just slightly over 167.51, with an upside target of 183.55. The data also tells us to set a stop loss @ 167.12 in case the stock turns against the trade. 167.51 is the first level of resistance above 167.11, and by rule, any break above resistance is a buy signal. In this case, 167.51, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MIDD slightly near 167.51, target 166.49, Stop Loss @ 167.9. Details
The technical summary data is suggesting a short of MIDD if it tests 167.51 with a downside target of 166.49. We should have a stop loss in place at 167.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 167.51, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for The Middleby Corporation (MIDD) available here: MIDD.
MIDD Ratings for February 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
124.5 |
| P2 |
165.24 |
166.49 |
138.93 |
| P3 |
167.51 |
183.55 |
153.25 |
AI Generated Signals for MIDD
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The The Middleby Corporation (NASDAQ: MIDD) report below is a real world example. Included are trading plans for MIDD, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MIDD:
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