MFS GOVT MARKETS INC TRUST (MGF) Stock Technical Analysis
NYSE:MGF - New York Stock Exchange, Inc. - US5529391006 - Currency: USD
We assign a technical rating of 2 out of 10 to MGF. Recently some decent action could be observed, but in the medium term time frame this is still negative. MGF was also a bad performer in the overall market in the last year.
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 resistance zone just above the current price starting at 3.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.07, a Stop Loss order could be placed below this zone.
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2.97
When analyzing the support we notice one important area.
- A support zone ranging from 3.00 to 3.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.08 to 3.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.24 to 3.31. 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 | NEUTRAL | NEUTRAL | The short term trend for MGF is neutral. |
| ChartMill Relative Strength | 36.46 | 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 | MIXED | The current price of MGF is below the rising 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) | 50.59 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 65.43 | NEUTRAL | The Stochastics value for MGF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for MGF suggests low volalility. |
| Average Directional Index/ADX (14) | 19.58 | NEGATIVE | The low ADX value for MGF suggests a weak or negative trend. |
NYSE:MGF (6/25/2025, 8:04:00 PM)
3.075
0 (-0.16%)