Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
MFS Government Markets Income Trust (NYSE:MGF)
Long-Term Uptrend (+90) - MGF is in a strong uptrend that is likely to continue. While MGF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MGF?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MGF
The long-term trend has been UP since Mar 25th, 2024 at 3.25
The intermediate-term trend has been UP since May 6th, 2024 at 3.16
The short-term trend has been UP since Apr 26th, 2024 at 3.10
Smart Scan Analysis for MGF
Based on our trend formula, MGF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.17 | 3.19 | 3.16 | 3.16 | -0.02 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.18 | 28703 | 2024-05-07 15:59:29 |
| Year High | 4.86 | Year High Date | 2018-01-02 |
| Year Low | 4.29 | Year Low Date | 2018-11-12 |
| 52wk High | 3.34 | 52wk High Date | 2023-05-15 |
| 52wk Low | 2.91 | 52wk Low Date | 2023-10-30 |
| Year End Close | 6.85 | Average Volume | 43,123 |
| Shares Outstanding | 57,890 | % Institutional | 90.8 |
| Market Cap | 149M | Assets | 121,151,176M |
| Liabilities | 5,936,026M | P/E Ratio | 51 |
| Beta | 0.8 | Volatility | 5.93 |