Technical Analysis for MGF - MFS® Government Markets Income

Grade Last Price % Change Price Change
A 3.18 0.95% 0.03
MGF closed up 0.95 percent on Monday, May 6, 2024, on 44 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Gapped Down Weakness 0.00%
Pocket Pivot Bullish Swing Setup 0.95%
Stochastic Reached Overbought Strength 0.95%
Overbought Stochastic Strength 0.95%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 3 hours ago
Possible NR7 about 4 hours ago
60 Minute Opening Range Breakout about 5 hours ago
Gap Down Partially Closed about 8 hours ago
Gap Down Closed about 8 hours ago

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Profile

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S. government agencies, international sovereigns, U.S. treasuries, cash and other net assets, emerging markets debt, high grade corporates, and residential mortgage backed securities. It benchmarks the performance of its portfolio against the Barclays U.S. Government/Mortgage Bond Index. MFS Government Markets Income Trust was formed in May 28, 1987 and is domiciled in the United States.
Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Bond Mutual Fund Structured Finance Bond Market Mortgage Backed Security Mortgage Loan U.S. Government Debt Income Trust Barclays U.S. Government

Is MGF a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.239
52 Week Low 2.8014
Average Volume 151,558
200-Day Moving Average 3.03
50-Day Moving Average 3.09
20-Day Moving Average 3.10
10-Day Moving Average 3.11
Average True Range 0.04
RSI (14) 66.10
ADX 18.88
+DI 29.12
-DI 13.43
Chandelier Exit (Long, 3 ATRs) 3.07
Chandelier Exit (Short, 3 ATRs) 3.17
Upper Bollinger Bands 3.17
Lower Bollinger Band 3.04
Percent B (%b) 1.07
BandWidth 4.29
MACD Line 0.01
MACD Signal Line 0.00
MACD Histogram 0.0093
Fundamentals Value
Market Cap 103.67 Million
Num Shares 32.6 Million
EPS 0.09
Price-to-Earnings (P/E) Ratio 35.33
Price-to-Sales 0.00
Price-to-Book 0.00
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.26
Resistance 3 (R3) 3.25 3.22 3.24
Resistance 2 (R2) 3.22 3.20 3.22 3.24
Resistance 1 (R1) 3.20 3.19 3.21 3.21 3.23
Pivot Point 3.17 3.17 3.18 3.17 3.17
Support 1 (S1) 3.15 3.15 3.16 3.16 3.13
Support 2 (S2) 3.12 3.14 3.12 3.12
Support 3 (S3) 3.10 3.12 3.12
Support 4 (S4) 3.11