MFS GOVT MARKETS INC TRUST (MGF) Technical Analysis
NYSE:MGF • US5529391006
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.
- When comparing the yearly performance of all stocks, MGF is a bad performer in the overall market: 74% of all stocks are doing better.
- MGF is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGF is lagging the market.
- In the last month MGF has a been trading in a tight range between 2.91 and 3.06.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, MGF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.93, a Stop Loss order could be placed below this zone.
More info and screens
2.88
When analyzing the support we notice one important area.
- A support zone ranging from 2.91 to 2.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.97 to 3.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.14 to 3.15. 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 | 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 | 26.37 | NEGATIVE | MGF has a low relative strength, it was outperformed by 73.63% 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) | 38.42 | NEUTRAL | The RSI value for MGF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MGF has a negative trend. |
| Stochastics (14,3) | 31.8 | NEUTRAL | The Stochastics value for MGF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for MGF suggests low volalility. |
| Average Directional Index/ADX (14) | 30.71 | POSITIVE | The high ADX value value for MGF suggests a strong trend. |
MGF Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:MGF (3/9/2026, 8:20:51 PM)
2.94
-0.03 (-1.01%)
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 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.
What is the RSI signal for MGF stock?
MFS GOVT MARKETS INC TRUST (MGF) has an RSI value of 38.421. This indicates that the stock is currently neutral.
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.
What is the buy/sell signal for MFS GOVT MARKETS INC TRUST (MGF) stock?
The buy/sell signal for MFS GOVT MARKETS INC TRUST (MGF) is sell as both the short term and long term trends are negative.