MGP INGREDIENTS INC (MGPI) Stock Technical Analysis
USA - NASDAQ:MGPI - US55303J1060 - Common Stock
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.
The technical rating of MGPI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
22.46
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 24.57 to 24.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 25.35 to 25.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.63 from a trend 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 | 9.35 | NEGATIVE | MGPI has a low relative strength, it was outperformed by 90.65% 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 | NEGATIVE | The current price of MGPI is below 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) | 32.02 | NEUTRAL | The RSI value for MGPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests MGPI has a negative trend. |
| Stochastics (14,3) | 8.51 | OVERSOLD | The low Stochastics value suggests MGPI may be oversold. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for MGPI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.35 | NEUTRAL | The ADX value for MGPI suggests a possible start of a new trend. |
22.69
-0.26 (-1.13%)
MGP INGREDIENTS INC / MGPI FAQ
What is the technical rating for MGPI stock?
ChartMill assigns a technical rating of 0 / 10 to MGPI.
What is the trend direction for MGPI stock?
The current trend direction for MGP INGREDIENTS INC (MGPI) is Bearish.
Can you provide the RSI signal for MGP INGREDIENTS INC?
MGP INGREDIENTS INC (MGPI) has an RSI value of 32.0153. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MGP INGREDIENTS INC?
The MACD indicator for MGP INGREDIENTS INC (MGPI) has a value of -0.211171, indicating a bearish trend.
What is the buy/sell signal for MGP INGREDIENTS INC (MGPI) stock?
The buy/sell signal for MGP INGREDIENTS INC (MGPI) is sell as both the short term and long term trends are negative.