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Stock Trend Analysis Report
Prepared for you on Wednesday, January 15, 2025.
MFS Government Markets Income Trust (NYSE:MGF)
Long-Term Downtrend (-90) - MGF is in a strong downtrend that is likely to continue. While MGF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MGF?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGF.
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 MGF
The long-term trend has been DOWN since Nov 6th, 2024 at 3.1600
The intermediate-term trend has been DOWN since Dec 17th, 2024 at 3.0716
The short-term trend has been DOWN since Jan 10th, 2025 at 3.0800
Smart Scan Analysis for MGF
Based on our trend formula, MGF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.02000 | 3.07000 | 3.03000 | 3.07000 | +0.05446 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.04000 | 42155 | 2025-01-14 15:59:33 |
| Year High | 4.86 | Year High Date | 2018-01-02 |
| Year Low | 4.29 | Year Low Date | 2018-11-12 |
| 52wk High | 3.391 | 52wk High Date | 2024-09-24 |
| 52wk Low | 3.015 | 52wk Low Date | 2024-06-10 |
| Year End Close | 6.85 | Average Volume | 55,453 |
| Shares Outstanding | 57,890 | % Institutional | 90.8 |
| Market Cap | 149M | Assets | 121,151,176M |
| Liabilities | 5,936,026M | P/E Ratio | 51 |
| Beta | 0.8 | Volatility | 5.93 |