MFS GOVT MARKETS INC TRUST (MGF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MGF - US5529391006
Taking everything into account, MGF scores 6 out of 10 in our technical rating. In the last year, MGF was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, MGF does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.10, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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3.00
When analyzing the support we notice one important area.
- A support zone ranging from 3.03 to 3.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.15 to 3.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.23 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.30 to 3.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for MGF is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGF is up. |
| ChartMill Relative Strength | 47.73 | NEUTRAL | MGF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.65 | NEUTRAL | The RSI value for MGF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MGF has a positive trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests MGF may be overbought. |
| Average True Range in percent/ATR (20) | 0.91 | LOW VOLATILITY | The low ATR as a percentage value for MGF suggests low volalility. |
| Average Directional Index/ADX (14) | 14.37 | NEGATIVE | The low ADX value for MGF suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.16 | 3.06 | 0.10 (3.32%) | 25.00% |
| An entry @3.16. This is a Buy Stop order right above the resistance zone. | An exit @3.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 3.32%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:MGF (11/28/2025, 7:46:35 PM)
3.13
+0.03 (+0.97%)
MFS GOVT MARKETS INC TRUST / MGF FAQ
Can you provide the ChartMill technical rating for MFS GOVT MARKETS INC TRUST?
ChartMill assigns a technical rating of 6 / 10 to MGF.
What is the trend direction for MGF stock?
The current trend direction for MFS GOVT MARKETS INC TRUST (MGF) is Bearish.
What is the RSI signal for MFS GOVT MARKETS INC TRUST (MGF) stock?
MFS GOVT MARKETS INC TRUST (MGF) has an RSI value of 58.6511. 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 0.00378028, indicating a bearish trend.
What is the support and resistance level for MGF stock?
MFS GOVT MARKETS INC TRUST (MGF) has a support level at 3.1 and a resistance level at 3.15. Check the full technical report for our detailed analysis of MGF support and resistance levels.