Middleby (MIDD) – RSI Divergence Meets Spin-Off CatalystThe Middleby CorporationBATS:MIDDWavervanir_International_LLC🚀 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.