Mutual Trend Analysis Report
Prepared for you on Wednesday, October 5, 2022.
MFS GROWTH ALLOCATION FUND - CLASS R6 (NASDAQ:MAGQX)
Bear Market Rally (-75) - MAGQX is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MAGQX as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MAGQX?
MarketClub looks at technical strength and momentum to determine if the timing is right for MAGQX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MAGQX
The long-term trend has been DOWN since Sep 22nd, 2022 at 21.29
The intermediate-term trend has been DOWN since Aug 26th, 2022 at 22.86
The short-term trend has been UP since Oct 3rd, 2022 at 20.78
Smart Scan Analysis for MAGQX
Based on our trend formula, MAGQX is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||28.41||52wk High Date||2021-11-16|
|52wk Low||20.37||52wk Low Date||2022-09-30|
|Year End Close||26.33||Payment Date||2021-12-29|