In its latest trading session, The Middleby Corporation (NASDAQ:MIDD) dropped by -1.6% – here is what that looked like (as of 2019-12-04):
Why are these moves happning?? To grasp this action better, We ought to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 51.024, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.048, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.961, an Accumulation/Distribution Index (ADI) of 1.961, an On-Balance Volume (OBV) of 2177.476, and a Chaiikin Money Flow (CMF) of 113.88. 4.751
Now let’s plug these indicators in. According to Trading View, this is what it all means:
So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.