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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
MGP Ingredients, Inc. (NASDAQ:MGPI)
Bull Market Weakness (+75) - MGPI is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGPI as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MGPI?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGPI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MGPI
The long-term trend has been DOWN since Oct 12th, 2023 at 100.08
The intermediate-term trend has been UP since Apr 29th, 2024 at 81.82
The short-term trend has been UP since Apr 26th, 2024 at 80.34
Smart Scan Analysis for MGPI
Based on our trend formula, MGPI is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 79.90 | 82.49 | 79.90 | 82.30 | +1.50 |
| Prev. Close | Volume | Bid | Ask | Time |
| 82.22 | 147043 | 2024-05-08 15:59:34 |
| Year High | 99.73 | Year High Date | 2018-06-20 |
| Year Low | 64.06 | Year Low Date | 2018-11-05 |
| 52wk High | 124.955 | 52wk High Date | 2023-08-10 |
| 52wk Low | 75.78 | 52wk Low Date | 2024-02-22 |
| Year End Close | 3.42 | Average Volume | 196,878 |
| Shares Outstanding | 22,065 | Short Interest | 19,641 |
| % Institutional | 21.8 | Market Cap | 941M |
| Assets | 139,028,200M | Liabilities | 523,263,000M |
| P/E Ratio | 18.6605 | Beta | 2.38 |
| Volatility | 41.8 |