Technical Analysis for MGPI - MGP Ingredients, Inc.

Grade Last Price % Change Price Change
D 86.20 0.47% 0.40
MGPI closed up 3.44 percent on Wednesday, March 27, 2024, on 76 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.47%
Crossed Above 50 DMA Bullish 0.47%
Bollinger Band Squeeze Range Contraction 0.47%
BB Squeeze + Upper Band Touch Range Contraction 0.47%
Gapped Up Strength 0.47%
Upper Bollinger Band Touch Strength 0.47%
20 DMA Resistance Bearish 3.92%
Bollinger Band Squeeze Range Contraction 3.92%
Gapped Up Strength 3.92%
Fell Below 20 DMA Bearish 4.88%

   Recent Intraday Alerts

Alert Time
Upper Bollinger Band Resistance about 2 hours ago
Possible NR7 about 2 hours ago
Up 1% about 4 hours ago
Rose Above Previous Day's High about 6 hours ago
Rose Above Upper Bollinger Band about 6 hours ago

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Profile

MGP Ingredients, Inc. produces and sells distillery and ingredients products to the packaged goods industry primarily in the United States, Japan, and Canada. The company operates in two segments, Distillery Products and Ingredient Solutions. The Distillery Products segment provides food grade alcohol along with fuel grade alcohol, and distillers feed. The Ingredient Solutions segment offers specialty wheat starches and proteins, commodity wheat starches, and commodity vital wheat gluten. The company sells its products directly and through distributors to manufacturers and processors of finished packaged goods or bakeries. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.
Classification

Sector: Consumer Defensive
Industry: Packaged Foods
Keywords: Alcohol Wheat Nutrition Cuisine Alcoholic Drinks Staple Foods Bourbon Whiskey Distilled Drinks Gluten Food Grade Japanese Cuisine

Is MGPI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 124.4954
52 Week Low 75.6732
Average Volume 237,580
200-Day Moving Average 98.93
50-Day Moving Average 85.07
20-Day Moving Average 83.85
10-Day Moving Average 83.52
Average True Range 2.67
RSI (14) 53.92
ADX 14.57
+DI 22.09
-DI 21.35
Chandelier Exit (Long, 3 ATRs) 78.74
Chandelier Exit (Short, 3 ATRs) 84.40
Upper Bollinger Bands 86.24
Lower Bollinger Band 81.46
Percent B (%b) 0.91
BandWidth 5.70
MACD Line -0.39
MACD Signal Line -0.66
MACD Histogram 0.2664
Fundamentals Value
Market Cap 1.89 Billion
Num Shares 22 Million
EPS 4.42
Price-to-Earnings (P/E) Ratio 19.41
Price-to-Sales 2.31
Price-to-Book 2.30
PEG Ratio 1.33
Dividend 0.48
Dividend Yield 0.56%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 90.32
Resistance 3 (R3) 90.03 88.23 89.57
Resistance 2 (R2) 88.23 87.07 88.37 89.32
Resistance 1 (R1) 87.01 86.36 87.62 87.31 89.07
Pivot Point 85.21 85.21 85.52 85.36 85.21
Support 1 (S1) 84.00 84.06 84.61 84.29 82.53
Support 2 (S2) 82.20 83.35 82.34 82.28
Support 3 (S3) 80.98 82.20 82.03
Support 4 (S4) 81.28