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.
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: 90% of all stocks are doing better.
MGPI is part of the Beverages industry. There are 32 other stocks in this industry, of which 83% are performing better than MGPI.
MGPI is currently trading near the lower end of its 52 week range, which is not a good sign. MGPI is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month MGPI has a been trading in the 25.12 - 30.01 range, which is quite wide. It is currently trading near the high of this range.
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 a resistance zone just above the current price starting at 29.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.51, a Stop Loss order could be placed below this zone.
More info and screens
26.24
30.63
When analyzing the support we notice one important area.
- A support zone ranging from 26.51 to 26.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 29.20 to 29.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 30.28 to 30.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.32
Mansfield-4.89
10 Day High29.64
10 Day Low26.64
20 Day High30.01
20 Day Low25.12
52 Week High92.52
52 Week Low25.12
Performance
1 Week4.62%
2 Weeks4.18%
1 Month-1.45%
3 Month-19.34%
6 Month-49.12%
12 Month-63.76%
2 Year-70.42%
3 Year-68.04%
5 Year-22.63%
10 Year107.91%
15 Year275.68%
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)0.36
RSI(14)52.2
LBB26.24
UBB29.6
29.19
+0.22 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg0.76%
1 Week4.62%
2 Weeks4.18%
1 Month-1.45%
3 Month-19.34%
6 Month-49.12%
12 Month-63.76%
2 Year-70.42%
3 Year-68.04%
5 Year-22.63%
10 Year107.91%
15 Year275.68%
Volatility
ATR(14)1.5
ATR(20)%4.9%
ATR Inc-37.61%
Range Today0.98
ADR(20)1.43
ADR(20)%4.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.32
Mansfield-4.89
10 Day High29.64
10 Day Low26.64
20 Day High30.01
20 Day Low25.12
52 Week High92.52
52 Week Low25.12
CS1 End26.51
CR1 Start29.2
Volume & EV
DER(3)-0.83%
DER(5)-1.37%
Volume252.00K
Volume Incr-17.34%
Vol(5)315.62K
Vol(50)422.71K