Technical Analysis for MMT - MFS Multimarket Income Trust

Grade Last Price % Change Price Change
grade B 5.67 0.53% 0.03
MMT closed up 0.53 percent on Friday, May 29, 2020, on 49 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
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%
Up 5 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
MACD Bullish Signal Line Cross Bullish 0.53%
Overbought Stochastic Strength 0.53%
Up 3 Days in a Row Strength 0.53%
Up 4 Days in a Row Strength 0.53%

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Profile

MFS Multimarket Income Trust is a close-ended fixed income mutual fund launched and managed by MFS Investment Management, Inc. It invests in the fixed income markets across the globe with greater emphasis on United States. The fund seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed and other asset-backed securities of U.S. and foreign issuers, corporate bonds of U.S. and foreign issuers, and debt instruments of issuers located in emerging market countries with an average duration of 5.1 years. It employs fundamental analysis along with bottom-up approach focusing on underlying credit quality, collateral characteristics, and indenture provisions, and the issuer's management ability, capital structure, leverage, and ability to meet its current obligations. The fund benchmarks the performance of its portfolios against the Citigroup World Government Bond Non-Dollar Hedged Index, JPMorgan Emerging Markets Bond Index Global, Lehman Brothers U.S. Credit Bond Index, Lehman Brothers U.S. Government/Mortgage Bond Index and Lehman Brothers U.S. High-Yield Corporate Bond Index. MFS Multimarket Income Trust was formed in March 12, 1987 and is domiciled in the Unites States.
Bond Bond Market Structured Finance High Yield Debt Mortgage Backed Security U.S. Government Barclays Lehman Brothers

Is MMT 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 6.39
52 Week Low 3.72
Average Volume 279,367
200-Day Moving Average 5.80
50-Day Moving Average 5.22
20-Day Moving Average 5.54
10-Day Moving Average 5.55
Average True Range 0.09
ADX 21.46
+DI 34.72
-DI 16.79
Chandelier Exit (Long, 3 ATRs ) 5.42
Chandelier Exit (Short, 3 ATRs ) 5.62
Upper Bollinger Band 5.67
Lower Bollinger Band 5.41
Percent B (%b) 1.0
BandWidth 4.75
MACD Line 0.08
MACD Signal Line 0.08
MACD Histogram 0.0034
Fundamentals Value
Market Cap 400.93 Million
Num Shares 70.7 Million
EPS 0.49
Price-to-Earnings (P/E) Ratio 11.57
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) 5.76
Resistance 3 (R3) 5.76 5.73 5.75
Resistance 2 (R2) 5.73 5.70 5.73 5.74
Resistance 1 (R1) 5.70 5.69 5.71 5.70 5.73
Pivot Point 5.67 5.67 5.67 5.67 5.67
Support 1 (S1) 5.64 5.64 5.65 5.64 5.61
Support 2 (S2) 5.61 5.63 5.61 5.60
Support 3 (S3) 5.58 5.61 5.60
Support 4 (S4) 5.58