MGP INGREDIENTS INC (MGPI) Technical Analysis
NASDAQ:MGPI • US55303J1060
Current stock price
MGPI Technical Rating and Analysis
Taking everything into account, MGPI scores 2 out of 10 in our technical rating. In the past year, MGPI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 90% of all other stocks performed better in the past year than MGPI.
- MGPI is one of the lesser performing stocks in the Beverages industry. 78% of 33 stocks in the same industry do better.
- MGPI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MGPI has a been trading in the 18.00 - 20.78 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Considerably lower volume is observed in the last couple of days.
MGPI Weekly and Daily overview Charts
MGPI Setup Rating and Analysis
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 resistance zone just above the current price starting at 20.26. Right above this resistance zone may be a good entry point.
More info and screens
MGPI Support and Resistance Analysis
18.16
We found 1 important support area.
- A support zone ranging from 18.34 to 18.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 20.26 to 20.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.80 to 23.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 26.01 to 26.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
MGPI Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for MGPI is up. |
| ChartMill Relative Strength | 10.51 | NEGATIVE | MGPI has a low relative strength, it was outperformed by 89.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGPI is above the rising 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) | 60.35 | NEUTRAL | The RSI value for MGPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MGPI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.78 | NEUTRAL | The Stochastics value for MGPI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for MGPI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.86 | NEUTRAL | The ADX value for MGPI suggests a possible start of a new trend. |
MGPI Chart- and CandleStick Pattern Analysis
MGPI Technicals: Chart, Performance Metrics, Trend & Indicators
20.25
+0.03 (+0.15%)
MGP INGREDIENTS INC / MGPI TA FAQ
What is the technical rating for MGPI stock?
ChartMill assigns a technical rating of 2 / 10 to MGPI.
What is the current trend direction of MGP INGREDIENTS INC (MGPI) stock?
The current trend direction for MGP INGREDIENTS INC (MGPI) is Bearish.
What is the RSI signal for MGPI stock?
MGP INGREDIENTS INC (MGPI) has an RSI value of 60.3509. This indicates that the stock is currently neutral.
What is the MACD signal for MGPI stock?
The MACD indicator for MGP INGREDIENTS INC (MGPI) has a value of 0.180167, indicating a bearish trend.
What is the short term momentum for MGP INGREDIENTS INC (MGPI) stock?
The short term momentum for MGP INGREDIENTS INC (MGPI) is positive.