Middleby (MIDD) – RSI Divergence Meets Spin-Off Catalyst

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🚀 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.

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Ghi chú

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