🚀 Middleby (MIDD) – RSI Divergence Meets Spin-Off Catalyst
Technical View:
Price sitting at strong support ($124–130) with clear RSI-price divergence signaling potential bottoming.
Volume expansion = increasing participation → accumulation phase in progress.
Resistance map:
⚡ $143–150 = equilibrium zone
🎯 $170–180 = premium target
❌ "X Marks the Spot" ~ $182+ → breakout confirmation
Fundamental Catalysts:
📌 Spinoff 2026: Food Processing division ($800M rev / ~30% EBITDA) separation → unlocks shareholder value.
🏭 Recent acquisition of Oka GmbH boosts bakery automation ahead of spin.
📊 EPS beat last quarter but cautious guidance (tariffs = ~$150M/yr hit). Market overreacted, fueling divergence setup.
🏆 New automation products (FryBot, PizzaBot, IoT) winning industry awards → tech edge vs competitors.
Macro Alignment:
Tariff headwinds + sector slowdown created artificial compression.
Industrial cycle bottoming could drive capital rotation back into equipment suppliers.
Analyst consensus: $159–172 PT → ~15–30% upside from here.
Trading Thesis:
Enter near support zone ($124–130) on divergence confirmation.
First target: $159–170
Breakout target: $182+ ("X Marks the Spot")
Stop: Below $120 weak low.
Technical View:
Price sitting at strong support ($124–130) with clear RSI-price divergence signaling potential bottoming.
Volume expansion = increasing participation → accumulation phase in progress.
Resistance map:
⚡ $143–150 = equilibrium zone
🎯 $170–180 = premium target
❌ "X Marks the Spot" ~ $182+ → breakout confirmation
Fundamental Catalysts:
📌 Spinoff 2026: Food Processing division ($800M rev / ~30% EBITDA) separation → unlocks shareholder value.
🏭 Recent acquisition of Oka GmbH boosts bakery automation ahead of spin.
📊 EPS beat last quarter but cautious guidance (tariffs = ~$150M/yr hit). Market overreacted, fueling divergence setup.
🏆 New automation products (FryBot, PizzaBot, IoT) winning industry awards → tech edge vs competitors.
Macro Alignment:
Tariff headwinds + sector slowdown created artificial compression.
Industrial cycle bottoming could drive capital rotation back into equipment suppliers.
Analyst consensus: $159–172 PT → ~15–30% upside from here.
Trading Thesis:
Enter near support zone ($124–130) on divergence confirmation.
First target: $159–170
Breakout target: $182+ ("X Marks the Spot")
Stop: Below $120 weak low.
WaverVanir ⚡ To grow and conquer
stocktwits.com/WaverVanir | wavervanir.com | buymeacoffee.com/wavervanir
Not Investment Advice
stocktwits.com/WaverVanir | wavervanir.com | buymeacoffee.com/wavervanir
Not Investment Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
WaverVanir ⚡ To grow and conquer
stocktwits.com/WaverVanir | wavervanir.com | buymeacoffee.com/wavervanir
Not Investment Advice
stocktwits.com/WaverVanir | wavervanir.com | buymeacoffee.com/wavervanir
Not Investment Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.