Technical Analysis for MGF - MFS® Government Markets Income

Grade Last Price % Change Price Change
D 3.08 -0.32% -0.01
MGF closed down 0.32 percent on Wednesday, November 20, 2024, on 39 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Calm After Storm Range Contraction -0.32%
Lower Bollinger Band Walk Weakness -0.32%
Gapped Up Strength -0.32%
Oversold Stochastic Weakness -0.32%
Stochastic Buy Signal Bullish 0.33%
Calm After Storm Range Contraction 0.33%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 17 hours ago
Rose Above Previous Day's High 2 days ago
2x Volume Pace 2 days ago
1.5x Volume Pace 2 days ago
Up 1% 2 days 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 Structured Finance Mutual Fund 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 3.3487
52 Week Low 2.8272
Average Volume 74,780
200-Day Moving Average 3.05
50-Day Moving Average 3.19
20-Day Moving Average 3.13
10-Day Moving Average 3.11
Average True Range 0.03
RSI (14) 32.89
ADX 21.92
+DI 23.07
-DI 29.50
Chandelier Exit (Long, 3 ATRs) 3.14
Chandelier Exit (Short, 3 ATRs) 3.14
Upper Bollinger Bands 3.21
Lower Bollinger Band 3.06
Percent B (%b) 0.15
BandWidth 4.97
MACD Line -0.03
MACD Signal Line -0.02
MACD Histogram -0.0067
Fundamentals Value
Market Cap 100.41 Million
Num Shares 32.6 Million
EPS 0.09
Price-to-Earnings (P/E) Ratio 34.22
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) 3.11
Resistance 3 (R3) 3.11 3.10 3.11
Resistance 2 (R2) 3.10 3.09 3.10 3.10
Resistance 1 (R1) 3.09 3.09 3.10 3.09 3.10
Pivot Point 3.08 3.08 3.08 3.08 3.08
Support 1 (S1) 3.07 3.07 3.08 3.07 3.06
Support 2 (S2) 3.06 3.07 3.06 3.06
Support 3 (S3) 3.05 3.06 3.06
Support 4 (S4) 3.05