MFS GOVT MARKETS INC TRUST (MGF) Technical Analysis
NYSE:MGF • US5529391006
Current stock price
MGF Technical Rating and Analysis
Taking everything into account, MGF scores 0 out of 10 in our technical rating. MGF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 76% of all other stocks performed better in the past year than MGF.
- MGF is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MGF has a been trading in a tight range between 2.89 and 2.99.
- Considerably lower volume is observed in the last couple of days.
MGF Weekly and Daily overview Charts
MGF Setup Rating and Analysis
MGF has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.90, a Stop Loss order could be placed below this zone.
More info and screens
MGF Support and Resistance Analysis
2.86
When analyzing the support we notice one important area.
- A support zone ranging from 2.89 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.92 to 2.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.04 to 3.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.14 to 3.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
MGF Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for MGF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGF is down. |
| ChartMill Relative Strength | 24.5 | NEGATIVE | MGF has a low relative strength, it was outperformed by 75.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.7 | NEUTRAL | The RSI value for MGF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MGF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.31 | OVERSOLD | The low Stochastics value suggests MGF may be oversold. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for MGF suggests low volalility. |
| Average Directional Index/ADX (14) | 18.57 | NEGATIVE | The low ADX value for MGF suggests a weak or negative trend. |
MGF Chart- and CandleStick Pattern Analysis
MGF Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:MGF (4/24/2026, 8:04:00 PM)
2.91
+0.01 (+0.34%)
MFS GOVT MARKETS INC TRUST / MGF TA FAQ
Can you provide the ChartMill technical rating for MFS GOVT MARKETS INC TRUST?
ChartMill assigns a technical rating of 0 / 10 to MGF.
Can you provide the trend direction for MFS GOVT MARKETS INC TRUST?
The current trend direction for MFS GOVT MARKETS INC TRUST (MGF) is Bearish.
Can you provide the RSI signal for MFS GOVT MARKETS INC TRUST?
MFS GOVT MARKETS INC TRUST (MGF) has an RSI value of 43.7021. This indicates that the stock is currently neutral.
What is the MACD signal for MGF stock?
The MACD indicator for MFS GOVT MARKETS INC TRUST (MGF) has a value of -0.00237857, indicating a bearish trend.
What is the short term momentum for MFS GOVT MARKETS INC TRUST (MGF) stock?
The short term momentum for MFS GOVT MARKETS INC TRUST (MGF) is negative.