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Stock Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
MGP Ingredients, Inc. (NASDAQ:MGPI)
Long-Term Downtrend (-90) - MGPI is in a strong downtrend that is likely to continue. While MGPI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for MGPI
The long-term trend has been DOWN since Oct 12th, 2023 at 100.0800
The intermediate-term trend has been DOWN since Apr 5th, 2024 at 81.4821
The short-term trend has been DOWN since Apr 24th, 2024 at 78.4100
Smart Scan Analysis for MGPI
Based on our trend formula, MGPI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 78.6500 | 79.0139 | 76.7750 | 77.1400 | -2.4200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 79.5600 | 168257 | 2024-04-24 14:30:24 |
| 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 | 153,049 |
| Shares Outstanding | 22,065 | Short Interest | 19,641 |
| % Institutional | 21.8 | Market Cap | 941M |
| Assets | 139,234,800M | Liabilities | 541,856,000M |
| P/E Ratio | 16.575 | Beta | 2.38 |
| Volatility | 41.8 |