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Mutual Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
MFS GLOBAL REAL ESTATE FUND CLASS A (NASDAQ:MGLAX)
Sidelines Mode (-55) - MGLAX 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 MGLAX?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGLAX.
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 MGLAX
The long-term trend has been DOWN since Apr 15th, 2024 at 15.91
The intermediate-term trend has been DOWN since Apr 4th, 2024 at 16.30
The short-term trend has been UP since Apr 22nd, 2024 at 15.41
Smart Scan Analysis for MGLAX
Based on our trend formula, MGLAX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 15.58 | 15.58 | 15.58 | 15.94 | +0.13 |
| Prev. Close | Volume | Bid | Ask | Time |
| 15.81 | 0 | 15.71 | 16.67 | 2024-04-23 20:00:00 |
| 52wk High | 18.06 | 52wk High Date | 2023-12-28 |
| 52wk Low | 13.72 | 52wk Low Date | 2023-10-27 |
| Year End Close | 16.88 | Payment Date | 2019-12-17 |