MFS GOVT MARKETS INC TRUST (MGF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MGF - US5529391006
Taking everything into account, MGF scores 1 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, MGF is a bad performer in the overall market: 65% of all stocks are doing better.
- MGF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGF is lagging the market.
- In the last month MGF has a been trading in a tight range between 2.96 and 3.06.
MGF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.04, a Stop Loss order could be placed below this zone.
More info and screens
2.93
We found 2 important support areas.
- A support zone ranging from 3.02 to 3.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.96 to 2.97. 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 3.05 to 3.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.32 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for MGF is neutral. |
| ChartMill Relative Strength | 35.09 | 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) | 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) | 54.32 | NEUTRAL | The RSI value for MGF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGF has a positive trend. |
| Stochastics (14,3) | 97.92 | OVERBOUGHT | The high Stochastics value suggests MGF may be overbought. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for MGF suggests low volalility. |
| Average Directional Index/ADX (14) | 12.4 | NEGATIVE | The low ADX value for MGF suggests a weak or negative trend. |
NYSE:MGF (1/14/2026, 4:15:00 PM)
3.05
+0 (+0.16%)
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 1 / 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 54.3233. 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 neutral.