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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Ingredion Incorporated (INGR)
Industry: Packaged Foods
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, INGR has been trading in a range between $119.96 and $111.98 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
INGR is trading below resistance at $121.37, about 0% to the upside. There is support at $116.44 -4% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Ingredion Incorporated $INGR entered a Green zone 9 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $121.67, a potential upside of 0.38% from the recent price of 121.21. The stock is trading 0.78% (potential upside) below its 52 week high of $122.16 and 38.19 % (potential downside) above its 52 week low of $87.71 - based on the recent price.
Company Summary
Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa The company offers starch products for use in a range of processed foods; cornstarch; specialty paper starches for enhanced drainage, fiber retention, oil and grease resistance, improved printability, and biochemical oxygen demand control; starches and specialty starches for textile industry; industrial starches are used in the production of construction materials, textiles, adhesives, pharmaceuticals, and cosmetics, as well as in mining and water filtration; and specialty industrial starches for use in biomaterial applications, including biodegradable plastics, fabric softeners and detergents, hair and skin care applications, dusting powders for surgical gloves, and in the production of glass fiber and insulation. It also provides sweetener products comprising glucose syrups, high maltose syrup, high fructose corn syrup, dextrose, polyols, maltodextrin, glucose syrup solids, and non-genetically modified organism syrups for applications in food and beverage products, such as baked goods, snack foods, canned fruits, condiments, candy and other sweets, dairy products, ice cream, jams and jellies, prepared mixes, table syrups, and beverages.
News
| The 3 Best Plant-Based Meat Stocks to Buy Now: July 2024 With plant-based food demand on the rise, more restaurants are offering it as an option. All of which are helping to fuel the upside for some of the best plant-based meat stocks. Source: InvestorPlace Fri, 26 Jul 2024 08:00:00 -0400 Sentiment: Positive |
| 3 Plant-Based Stocks That Could Grow Your Wealth Plant-based stocks have seen somewhat of a decline in recent months, but the long-term outlook remains promising. The concept of plant-based eating is no novelty and has been around for centuries. Source: InvestorPlace Mon, 22 Jul 2024 06:15:00 -0400 Sentiment: Neutral |
| 3 Vegan Stocks to Buy Now: Q3 Edition If you're looking for vegan stocks to buy now, these picks are solid bets. Vegan stocks are all the rage in recent years as people become more concerned about the environment, animal welfare and healthier lifestyles. Source: InvestorPlace Sat, 20 Jul 2024 06:50:00 -0400 Sentiment: Positive |
| Trade Tracker: Rob Sechan buys Ingredion Rob Sechan, CEO of NewEdge Wealth, joins CNBC's "Halftime Report" to explain why he's buying this small cap stock. Source: CNBC Television Fri, 19 Jul 2024 14:02:45 -0400 Sentiment: Positive |
| Ingredion to Release 2024 Second Quarter Financial Results on August 6, 2024 WESTCHESTER, Ill., July 17, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its 2024 second quarter financial results for the period ended June 30, 2024, before the market opens Tuesday, August 6, 2024. Source: GlobeNewsWire Wed, 17 Jul 2024 16:03:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 122.16 52 Week Low: 87.7106 Beta: 0.721 50 Day MA: 116.1156 200 Day MA: 110.3595 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.133 Qtr Revenue Growth YOY: -0.119 Forward PE: 11.4679 Trailing PE: 11.996