MGF

Technical Sentiment Analysis for MFS Government Markets Income Trust (MGF). As of 2026-05-05, MFS Government Markets Income Trust (MGF) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 2 indicators are flashing buy, while 10 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MGF stands at 35.62, 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 25.23 and the Commodity Channel Index (CCI) at -156.02 further confirm a -0.06 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, MGF is trading below its 60-day moving average of $2.95 and below its 200-day long-term moving average of $3.03. Key price levels to watch include the immediate resistance at $2.94 and strong support at $2.86. A break above $2.94 could signal a bull continuation, while falling below $2.86 may test the next Fibonacci floor at $2.82.