We assign a technical rating of 3 out of 10 to MGPI. 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.
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
25.75
2 important resistance areas can be observed.
- A resistance zone ranging from 26.02 to 26.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.39 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 | UP | POSITIVE | The short term trend for MGPI is up. |
| ChartMill Relative Strength | 12.29 | NEGATIVE | MGPI has a low relative strength, it was outperformed by 87.71% 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) | UP | POSITIVE | The current price of MGPI is above the rising 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) | 59.71 | NEUTRAL | The RSI value for MGPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests MGPI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.32 | OVERBOUGHT | The high Stochastics value suggests MGPI may be overbought. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MGPI suggests some volalility. |
| Average Directional Index/ADX (14) | 25.82 | POSITIVE | The high ADX value value for MGPI suggests a strong trend. |
26.01
-0.35 (-1.33%)
MGP INGREDIENTS INC / MGPI FAQ
What is the technical rating for MGPI stock?
ChartMill assigns a technical rating of 3 / 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 59.7053. 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 0.36972, 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 hold as the short term and long term trends are mixed.