MGP INGREDIENTS INC (MGPI) Stock Technical Analysis
NASDAQ:MGPI - Nasdaq - US55303J1060 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to MGPI. MGPI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MGPI is a bad performer in the overall market: 95% of all stocks are doing better.
MGPI is one of the lesser performing stocks in the Beverages industry. 93% of 31 stocks in the same industry do better.
MGPI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
MGPI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, MGPI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
31.51
32.51
We found 1 important support area.
- A support zone ranging from 31.83 to 32.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.28
Mansfield-5.61
10 Day High33.92
10 Day Low31.81
20 Day High38.11
20 Day Low31.81
52 Week High92.52
52 Week Low31.81
Performance
1 Week-0.56%
2 Weeks-4.79%
1 Month-10.51%
3 Month-29.25%
6 Month-64.67%
12 Month-59.64%
2 Year-68.27%
3 Year-59.57%
5 Year11.93%
10 Year106.48%
15 Year352.74%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.13
RSI(14)33.48
LBB31.52
UBB34.4
32.19
-0.05 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-0.16%
1 Week-0.56%
2 Weeks-4.79%
1 Month-10.51%
3 Month-29.25%
6 Month-64.67%
12 Month-59.64%
2 Year-68.27%
3 Year-59.57%
5 Year11.93%
10 Year106.48%
15 Year352.74%
Volatility
ATR(14)1.13
ATR(20)%3.55%
ATR Inc-34.02%
Range Today0.9
ADR(20)1.08
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.28
Mansfield-5.61
10 Day High33.92
10 Day Low31.81
20 Day High38.11
20 Day Low31.81
52 Week High92.52
52 Week Low31.81
CS1 End32.18
CR1 StartN/A
Volume & EV
DER(3)2.11%
DER(5)2.48%
Volume422.60K
Volume Incr9.38%
Vol(5)359.76K
Vol(50)372.51K