Mgp Ingredients Stock Technical Analysis
| MGPI Stock | USD 74.95 0.98 1.32% |
As of the 12th of June 2024, MGP Ingredients secures the risk adjusted performance of (0.05), and Mean Deviation of 1.47. In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of MGP Ingredients, as well as the relationship between them.
MGP Ingredients Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MGP, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MGPMGP |
MGP Ingredients Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 137.14 | Strong Buy | 7 | Odds |
Most MGP analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand MGP stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of MGP Ingredients, talking to its executives and customers, or listening to MGP conference calls.
MGP Ingredients technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
MGP Ingredients Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of MGP Ingredients volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MGP Ingredients Trend Analysis
Use this graph to draw trend lines for MGP Ingredients. You can use it to identify possible trend reversals for MGP Ingredients as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual MGP Ingredients price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MGP Ingredients Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MGP Ingredients applied against its price change over selected period. The best fit line has a slop of 0.14 , which may suggest that MGP Ingredients market price will keep on failing further. It has 122 observation points and a regression sum of squares at 733.49, which is the sum of squared deviations for the predicted MGP Ingredients price change compared to its average price change.About MGP Ingredients Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of MGP Ingredients on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of MGP Ingredients based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MGP Ingredients price pattern first instead of the macroeconomic environment surrounding MGP Ingredients. By analyzing MGP Ingredients's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of MGP Ingredients's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to MGP Ingredients specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.005688 | 0.004548 | 0.004912 | 0.008003 | Price To Sales Ratio | 2.81 | 2.99 | 2.6 | 2.73 |
MGP Ingredients June 12, 2024 Technical Indicators
Most technical analysis of MGP help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MGP from various momentum indicators to cycle indicators. When you analyze MGP charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.19) | |||
| Mean Deviation | 1.47 | |||
| Coefficient Of Variation | (1,031) | |||
| Standard Deviation | 1.79 | |||
| Variance | 3.2 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.20) | |||
| Maximum Drawdown | 8.24 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 2.52 | |||
| Skewness | 0.271 | |||
| Kurtosis | (0.06) |
MGP Ingredients June 12, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as MGP stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 5,208 | ||
| Daily Balance Of Power | 0.55 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 74.93 | ||
| Day Typical Price | 74.93 | ||
| Price Action Indicator | 0.52 |
Complementary Tools for MGP Stock analysis
When running MGP Ingredients' price analysis, check to measure MGP Ingredients' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGP Ingredients is operating at the current time. Most of MGP Ingredients' value examination focuses on studying past and present price action to predict the probability of MGP Ingredients' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGP Ingredients' price. Additionally, you may evaluate how the addition of MGP Ingredients to your portfolios can decrease your overall portfolio volatility.
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