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Mutual Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

MFS GLOBAL BOND FUND CL R4 (NASDAQ:MGBNX)

Countertrend Up (+85) - MGBNX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid MGBNX?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGBNX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_MGBNX
Open High Low MGBNX Price Change
8.02 8.02 8.02 8.09 0.00
Entry Signal

MarketClub’s Trade Triangles for MGBNX

long term up The long-term trend has been UP since Dec 1st, 2023 at 7.85

intermediate term up The intermediate-term trend has been UP since Mar 5th, 2024 at 8.03

short term down The short-term trend has been DOWN since Mar 12th, 2024 at 8.09

Smart Scan Analysis for MGBNX

Based on our trend formula, MGBNX is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for MGBNX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.02 8.02 8.02 8.09 0.00
Prev. Close Volume Bid Ask Time
8.07 0 8.02 8.02 2024-03-18 18:05:00
52wk High8.252wk High Date2023-12-27
52wk Low7.4552wk Low Date2023-10-19
Year End Close8.17Payment Date2022-12-16
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