MGF

Technical Sentiment Analysis for MFS Government Markets Income Trust (MGF). As of 2026-04-16, MFS Government Markets Income Trust (MGF) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 1 indicators are flashing buy, while 8 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MGF stands at 44.99, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.01, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 43.27 and the Commodity Channel Index (CCI) at -96.96 further confirm a -0.01 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, MGF is trading below its 60-day moving average of $2.98 and below its 200-day long-term moving average of $3.05. Key price levels to watch include the immediate resistance at $2.99 and strong support at $2.89. A break above $2.99 could signal a bull continuation, while falling below $2.89 may test the next Fibonacci floor at $2.84.