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Stock Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
MFS Government Markets Income Trust (NYSE:MGF)
Countertrend Down (-85) - MGF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for MGF
The long-term trend has been DOWN since Nov 6th, 2024 at 3.160
The intermediate-term trend has been DOWN since Oct 11th, 2024 at 3.222
The short-term trend has been UP since Nov 19th, 2024 at 3.100
Smart Scan Analysis for MGF
Based on our trend formula, MGF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.0700 | 3.0892 | 3.0700 | 3.0892 | -0.0006 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.0800 | 4615 | 2024-11-20 12:06:53 |
| Year High | 4.86 | Year High Date | 2018-01-02 |
| Year Low | 4.29 | Year Low Date | 2018-11-12 |
| 52wk High | 3.391 | 52wk High Date | 2024-09-24 |
| 52wk Low | 3.015 | 52wk Low Date | 2024-06-10 |
| Year End Close | 6.85 | Average Volume | 80,537 |
| 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 |