Technical Analysis for MGF - MFS Government Markets Income Trust

Grade Last Price % Change Price Change
grade D 4.42 -0.23% -0.01
MGF closed down 0.23 percent on Friday, January 18, 2019, on approximately normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Up Down
See historical MGF trend table...

Date Alert Name Type % Chg
Jan 18 Boomer Sell Setup Bearish Swing Setup 0.00%
Jan 18 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Jan 18 Oversold Stochastic Weakness 0.00%
Jan 17 Bullish Engulfing Bullish -0.23%
Jan 17 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.23%
Jan 17 Pocket Pivot Bullish Swing Setup -0.23%
Jan 17 Stochastic Reached Oversold Weakness -0.23%
Jan 17 Oversold Stochastic Weakness -0.23%
Jan 16 New Downtrend Bearish 0.00%
Jan 16 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%

Older signals for MGF ...

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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.
Is MGF a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 3 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 4.77
52 Week Low 4.29
Average Volume 59,404
200-Day Moving Average 4.4527
50-Day Moving Average 4.3934
20-Day Moving Average 4.4595
10-Day Moving Average 4.472
Average True Range 0.0363
ADX 30.94
+DI 18.5666
-DI 20.1024
Chandelier Exit (Long, 3 ATRs ) 4.4311
Chandelier Exit (Short, 3 ATRs ) 4.4489
Upper Bollinger Band 4.5519
Lower Bollinger Band 4.3671
Percent B (%b) 0.29
BandWidth 4.143962
MACD Line 0.013
MACD Signal Line 0.025
MACD Histogram -0.012
Fundamentals Value
Market Cap 144.1 Million
Num Shares 32.6 Million
EPS 0.09
Price-to-Earnings (P/E) Ratio 49.11
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) 4.45
Resistance 3 (R3) 4.45 4.44 4.45
Resistance 2 (R2) 4.44 4.43 4.44 4.44
Resistance 1 (R1) 4.43 4.43 4.44 4.43 4.44
Pivot Point 4.42 4.42 4.42 4.42 4.42
Support 1 (S1) 4.41 4.41 4.42 4.41 4.40
Support 2 (S2) 4.40 4.41 4.40 4.40
Support 3 (S3) 4.39 4.40 4.40
Support 4 (S4) 4.39