Is The Middleby Corp. technically bullish or bearish?

As of 24 October 2025, the technical trend for The Middleby Corp. has changed from mildly bearish to bearish. The current technical stance is bearish, with key indicators supporting this view including bearish MACD readings on both weekly and monthly time frames, bearish Bollinger Bands, and a bearish daily moving average. The KST is bearish on a weekly basis but bullish monthly, indicating some divergence. Dow Theory shows a mildly bearish stance on the weekly and mildly bullish on the monthly, suggesting mixed signals.
In terms of performance, the stock has underperformed the S&P 500 across multiple periods, with a year-to-date return of -2.08% compared to the S&P 500's 15.47%, and a one-year return of -3.95% versus the S&P 500's 16.90%.