Mutual Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
MFS GLOBAL BOND FUND CL R4 (NASDAQ:MGBNX)
Bull Market Weakness (+75) - MGBNX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGBNX as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for MGBNX
The long-term trend has been DOWN since Feb 23rd, 2021 at 9.54
The intermediate-term trend has been UP since Apr 8th, 2021 at 9.35
The short-term trend has been UP since Apr 14th, 2021 at 9.35
Smart Scan Analysis for MGBNX
Based on our trend formula, MGBNX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.88||52wk High Date||2020-12-16|
|52wk Low||8.84||52wk Low Date||2020-04-22|
|Year End Close||9.72|