MGP Ingredients Technical Analysis (NASDAQ:MGPI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The MGP Ingredients stock price data and volume are plotted in MGPI stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for MGP Ingredients. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of MGP Ingredients stock analysis.
MGP Ingredients Moving Average
Moving averages show the MGPI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $89.26 is above the price of $86.58.
MGP Ingredients Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MGPI stock. MGP Ingredients bollinger bands show that the stock price is $86.58, upper band is 96.59, lower band is 81.92, and the average is 89.26.
MGP Ingredients Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The MGP Ingredients MACD indicator is below 0 indicating a bearish trend.
MGP Ingredients Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 30.11 is the RSI value of MGPI stock.