MGP INGREDIENTS INC (MGPI)

US55303J1060 - Common Stock

49.855  +0.2 (+0.41%)

Technical Rating and Analysis

0

Overall MGPI gets a technical rating of 0 out of 10. MGPI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
95% of all other stocks performed better in the past year than MGPI.
MGPI is one of the lesser performing stocks in the Beverages industry. 96% 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.
In the last month MGPI has a been trading in the 45.44 - 62.55 range, which is quite wide. It is currently trading near the lows of this range.
Weekly and Daily overview Charts
MGPI Weekly chart
MGPI Daily chart
Setup Rating and Analysis

5

MGPI has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

49.36

92.75

We can see 6 important resistance areas.

  • A resistance zone ranging from 50.91 to 52.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @75.72 from a trend line in the daily time frame.
  • Resistance @83.92 from a trend line in the weekly time frame.
  • Resistance @85.78 from a horizontal line in the daily time frame.
  • Resistance @88.38 from a trend line in the weekly time frame.
  • Resistance @91.83 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.38
Mansfield-4.56
10 Day High53.31
10 Day Low45.44
20 Day High62.55
20 Day Low45.44
52 Week High102.42
52 Week Low45.44
Performance
1 Week-2.46%
2 Weeks9.07%
1 Month-19.74%
3 Month-42.98%
6 Month-37.66%
12 Month-47.33%
2 Year-60.3%
3 Year-36.33%
5 Year8.83%
10 Year233.67%
15 Year648.87%
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)0.94
RSI(14)27.59
LBB43.81
UBB56.37
MGPI Daily chart

MGP INGREDIENTS INC

NASDAQ:MGPI (11/18/2024, 10:46:47 AM)

49.855

+0.2 (+0.41%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg0.41%
1 Week-2.46%
2 Weeks9.07%
1 Month-19.74%
3 Month-42.98%
6 Month-37.66%
12 Month-47.33%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.78
ATR(20)%5.17%
ATR Inc
Range Today0.77
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High53.31
10 Day Low45.44
20 Day High62.55
20 Day Low45.44
52 Week High102.42
52 Week Low45.44
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume27.11K
Volume Incr-33.58%
Vol(5)483.34K
Vol(50)449.15K