Technical Analysis for MGF - MFS Government Markets Income Trust

Grade Last Price % Change Price Change
grade C 4.51 -0.66% -0.03
MGF closed down 0.87 percent on Thursday, February 27, 2020, on 2.01 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Its advance stalled at its 200 day moving average, an important long-term support / resistance line.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical MGF trend table...

Date Alert Name Type % Chg
200 DMA Resistance Bearish -0.66%
20 DMA Resistance Bearish -0.66%
Fell Below 50 DMA Bearish -0.66%
Expansion Pivot Sell Setup Bearish Swing Setup -0.66%
Wide Range Bar Range Expansion -0.66%
Below Lower BB Weakness -0.66%
Down 3 Days in a Row Weakness -0.66%
Lower Bollinger Band Touch Weakness -0.66%
Fell Below 200 DMA Bearish -1.53%
Fell Below 20 DMA Bearish -1.53%

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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.
Bond Mutual Fund United States Housing Bubble Bond Market Financial Law Structured Finance Mortgage Loan Mortgage Backed Security Debt 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 4.69
52 Week Low 4.36
Average Volume 100,004
200-Day Moving Average 4.58
50-Day Moving Average 4.58
20-Day Moving Average 4.60
10-Day Moving Average 4.60
Average True Range 0.03
ADX 12.95
+DI 10.98
-DI 26.39
Chandelier Exit (Long, 3 ATRs ) 4.54
Chandelier Exit (Short, 3 ATRs ) 4.63
Upper Bollinger Band 4.64
Lower Bollinger Band 4.55
Percent B (%b) -0.16
BandWidth 1.89
MACD Line 0.00
MACD Signal Line 0.01
MACD Histogram -0.0052
Fundamentals Value
Market Cap 148.01 Million
Num Shares 32.6 Million
EPS 0.09
Price-to-Earnings (P/E) Ratio 50.44
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) 4.69
Resistance 3 (R3) 4.71 4.67 4.67
Resistance 2 (R2) 4.67 4.63 4.66 4.66
Resistance 1 (R1) 4.61 4.61 4.59 4.59 4.65
Pivot Point 4.57 4.57 4.56 4.56 4.57
Support 1 (S1) 4.50 4.53 4.48 4.49 4.43
Support 2 (S2) 4.47 4.50 4.46 4.42
Support 3 (S3) 4.40 4.47 4.41
Support 4 (S4) 4.39