MGPI NEWS why is Mgp Ingredients, Inc. price falling or rising

MGPI NEWS reasons for why stock price of Mgp Ingredients, Inc. is falling or rising

MGPI Mgp Ingredients is falling or rising technical reasons

Technical analysis forecast for Mgp Ingredients Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mgp Ingredients MGPI at this time. Stock is falling and might fall more.

It appears as if Mgp Ingredients MGPI gave a large move recently.

Stock of Mgp Ingredients (MGPI) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Mgp Ingredients is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Mgp Ingredients stays below 51.2, but if it comes above 51.2, then a intra day buy could be more profitable.
If you take a sell trade below 51.2, then use 51.2 as stoploss and 36.3 as target. However if you take a buy trade in Mgp Ingredients, then use 51.2 as stoploss and 63.61 as target.

MGPI Mgp Ingredients is falling or rising NEWS fundamental reasons

More announcements and NEWS

MGPI Mgp Ingredients, Inc. current price & indicator signals

Moving Averages for Mgp Ingredients, Inc.

  • 5Day Average: 53.04
  • 12Day Average: 58.12
  • 20Day Average: 66.79
  • 50Day Average: 77.57
  • 100Day Average: 78.6
  • 150Day Average: 78.49
  • 200Day Average: 79.97

MGPI Indicators & signals

Indicator MACD (12,26,9)

58.18, 66.51, -6.51
Indicator MACD is in negative zone

Indicator ADX (14)

82.09, 5.11, 51.99
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 26
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of MGPI Mgp Ingredients, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
01 Fri Nov 2024 45.52 45.48 to 49.90 -5.25% 1.06 times
31 Thu Oct 2024 48.04 47.91 to 59.65 -14.69% 1.79 times
30 Wed Oct 2024 56.31 56.15 to 57.59 -0.6% 0.45 times
29 Tue Oct 2024 56.65 56.35 to 58.16 -3.48% 0.27 times
28 Mon Oct 2024 58.69 57.43 to 58.92 2.3% 0.29 times
25 Fri Oct 2024 57.37 56.58 to 58.20 -0.38% 0.37 times
24 Thu Oct 2024 57.59 56.92 to 58.00 -0.1% 0.41 times
23 Wed Oct 2024 57.65 57.32 to 58.33 0.26% 0.85 times
22 Tue Oct 2024 57.50 56.50 to 59.74 -1.98% 1.07 times
21 Mon Oct 2024 58.66 58.62 to 62.55 -5.17% 1 times
18 Fri Oct 2024 61.86 59.10 to 68.28 -24.16% 3.5 times
17 Thu Oct 2024 81.57 79.64 to 81.67 1.42% 0.17 times

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