MGP INGREDIENTS INC (MGPI)
US55303J1060 - Common Stock
We assign a technical rating of 0 out of 10 to MGPI. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, MGPI is a bad performer in the overall market: 84% of all stocks are doing better.
MGPI is part of the Beverages industry. There are 33 other stocks in this industry, of which 78% are performing better than MGPI.
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 76.77 - 84.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MGPI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 77.81, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
76.82
126.76
When analyzing the support we notice one important area.
- A support zone ranging from 77.60 to 77.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 80.63 to 83.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @86.04 from a horizontal line in the daily time frame.
- Resistance @93.64 from a trend line in the daily time frame.
- Resistance @125.50 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.11
Mansfield-2.79
10 Day High84.24
10 Day Low78.38
20 Day High84.24
20 Day Low76.77
52 Week High124.96
52 Week Low75.78
Performance
1 Week-4.12%
2 Weeks-1.2%
1 Month-0.13%
3 Month-12.37%
6 Month-15.5%
12 Month-22.86%
2 Year-17.77%
3 Year14.29%
5 Year32.29%
10 Year1026.59%
15 Year3363.04%
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)0.03
RSI(14)46.19
LBB77.54
UBB84.37
MGP INGREDIENTS INC
NASDAQ:MGPI (5/17/2024, 7:13:02 PM)
After market: 79.75 +0.1 (+0.13%)79.65
-1.18 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-1.46%
1 Week-4.12%
2 Weeks-1.2%
1 Month-0.13%
3 Month-12.37%
6 Month-15.5%
12 Month-22.86%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.78
ATR(20)%3.28%
ATR Inc
Range Today1.77
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 High84.24
10 Day Low78.38
20 Day High84.24
20 Day Low76.77
52 Week High124.96
52 Week Low75.78
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume102.70K
Volume Incr-21.97%
Vol(5)148.04K
Vol(50)168.51K