MFS GOVT MARKETS INC TRUST (MGF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MGF - US5529391006
Taking everything into account, MGF scores 5 out of 10 in our technical rating. MGF has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, MGF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.10. 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.
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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.
4 important resistance areas can be observed.
- Strong resistance @3.10 from a horizontal line in the daily time frame.
- 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 | 43.47 | 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) | DOWN | MIXED | The current price of MGF is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.13 | 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) | 69.82 | NEUTRAL | The Stochastics value for MGF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for MGF suggests low volalility. |
| Average Directional Index/ADX (14) | 15.22 | NEGATIVE | The low ADX value for MGF suggests a weak or negative trend. |
NYSE:MGF (11/26/2025, 8:04:00 PM)
3.1
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 5 / 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 53.1306. 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 0.0020163, 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 3.1. Check the full technical report for our detailed analysis of MGF support and resistance levels.