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 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.
92% of all other stocks performed better in the past year than MGPI.
MGPI is one of the lesser performing stocks in the Beverages industry. 84% of 33 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. The S&P500 Index is trading in the upper part of its 52 week range, so MGPI is lagging the market.
In the last month MGPI has a been trading in the 28.71 - 34.98 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of MGPI is bad and it also does not present a quality setup 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.
More info and screens
26.24
34.57
We found 1 important support area.
- Support @26.51 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 30.59 to 31.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.85 to 32.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.56 from a horizontal line in the daily time frame.
- Resistance @34.23 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MGPI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGPI is down. |
| ChartMill Relative Strength | 8.04 | NEGATIVE | MGPI has a low relative strength, it was outperformed by 91.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGPI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MGPI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGPI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.33 | NEUTRAL | The RSI value for MGPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests MGPI has a negative trend. |
| Stochastics (14,3) | 6.08 | OVERSOLD | The low Stochastics value suggests MGPI may be oversold. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for MGPI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.61 | NEUTRAL | The ADX value for MGPI suggests a possible start of a new trend. |
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)
NASDAQ:MGPI (6/3/2025, 1:14:00 PM)
29.79
+0.58 (+1.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg1.99%
1 Week-4.29%
2 Weeks-10.92%
1 Month-8.4%
3 Month-14.11%
6 Month-34.33%
12 Month-60.06%
2 Year-72.52%
3 Year-70.82%
5 Year-20.42%
10 Year73.66%
15 Year340.57%
Volatility
ATR(14)0.96
ATR(20)%3.8%
ATR Inc-28.05%
Range Today1.13
ADR(20)1.08
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.04
Mansfield-4.68
10 Day High33.05
10 Day Low28.72
20 Day High34.99
20 Day Low28.72
52 Week High92.52
52 Week Low25.12
CS1 End26.51
CR1 Start30.59
Volume & EV
DER(3)-1.68%
DER(5)-2.08%
Volume92.27K
Volume Incr-23.87%
Vol(5)309.52K
Vol(50)377.89K