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Stock Trend Analysis Report
Prepared for you on Wednesday, December 11, 2024.
MFS Government Markets Income Trust (NYSE:MGF)
Sidelines Mode (-55) - MGF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 3.16
The intermediate-term trend has been UP since Dec 4th, 2024 at 3.19
The short-term trend has been DOWN since Dec 5th, 2024 at 3.10
Smart Scan Analysis for MGF
Based on our trend formula, MGF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.170 | 3.170 | 3.160 | 3.160 | -0.025 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.160 | 35091 | 2024-12-10 16:00:00 |
| 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 | 99,538 |
| 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 |