Mutual Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
MFS GLOBAL BOND FUND CL R2 (NASDAQ:MGBLX)
Sidelines Mode (-55) - MGBLX 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 MGBLX?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGBLX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGBLX
The long-term trend has been DOWN since Feb 24th, 2021 at 9.53
The intermediate-term trend has been UP since Jun 2nd, 2021 at 9.37
The short-term trend has been DOWN since Jun 15th, 2021 at 9.43
Smart Scan Analysis for MGBLX
Based on our trend formula, MGBLX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.88||52wk High Date||2020-12-16|
|52wk Low||9.23||52wk Low Date||2020-06-30|
|Year End Close||9.72|