MGF Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

MFS Government Markets Income Trust (MGF.N) Moving Averages Convergence Divergence (MACD) indicator is -0.01, suggesting MGF.N is Strong sell.

MFS Government Markets Income Trust (MGF.N) 20-Day simple moving average is 3.1, while MFS Government Markets Income Trust (MGF.N) share price is $3.015, making it Sell.

MFS Government Markets Income Trust (MGF.N) 60-Day simple moving average is 3.1, while MFS Government Markets Income Trust (MGF.N) share price is $3.015, making it Sell.

Technical Analysis for MGF

Technical Sentiment Analysis for MFS Government Markets Income Trust (MGF) As of 2025-04-24, MFS Government Markets Income Trust (MGF) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 1 indicators are flashing buy, while 9 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MGF stands at 47.32, 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 28.57 and the Commodity Channel Index (CCI) at -26.18 further confirm a 0.01 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, MGF is trading below its 60-day moving average of $3.1 and below its 200-day long-term moving average of $3.1. Key price levels to watch include the immediate resistance at $3.12 and strong support at $3.03. A break above $3.12 could signal a bull continuation, while falling below $3.03 may test the next Fibonacci floor at $2.98.

MFS Government Markets Income Trust (MGF) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	2.94	2.98	3.03	3.07	3.12	3.16	3.21
Fibonacci	2.98	3.02	3.04	3.07	3.11	3.13	3.16

MFS Government Markets Income Trust (MGF) Technical Indicators

2025-04-24

Name	Value
RSI_14	47.32
STOCHk_14_3_3	28.57
STOCHd_14_3_3	19.96
CCI_20	-26.18
AO_5_34	-0.04
MOM_10	0.01
MACD_12_26_9	-0.01

MFS Government Markets Income Trust (MGF) Relative Strength Index (RSI) is 47.32, creating a Neutral signal.

MFS Government Markets Income Trust (MGF) Stochastic Oscillator is 28.57, creating a Neutral signal.

MFS Government Markets Income Trust (MGF) Stochastic RSI is 19.96, creating a Buy signal.

MFS Government Markets Income Trust (MGF) Commodity Channel Index (CCI) is -26.18, creating a Neutral signal.

MFS Government Markets Income Trust (MGF) Awesome Oscillator is -0.04, creating a Sell signal.

MFS Government Markets Income Trust (MGF) Momentum is 0.01, creating a Buy signal.

MFS Government Markets Income Trust (MGF) MACD is -0.01, creating a Sell signal.

MFS Government Markets Income Trust (MGF) Moving Average

2025-04-24

Period	Simple	Signal
MA_5	3.06	Sell
MA_10	3.07	Sell
MA_20	3.1	Sell
MA_60	3.1	Sell
MA_200	3.1	Sell
MA_250	3.06	Sell

MFS Government Markets Income Trust (MGF) 5-Day simple moving average is 3.06, while MFS Government Markets Income Trust (MGF) share price is $3.015, making it a Sell.

MFS Government Markets Income Trust (MGF) 10-Day simple moving average is 3.07, while MFS Government Markets Income Trust (MGF) share price is $3.015, making it a Sell.

MFS Government Markets Income Trust (MGF) 20-Day simple moving average is 3.1, while MFS Government Markets Income Trust (MGF) share price is $3.015, making it a Sell.

MFS Government Markets Income Trust (MGF) 60-Day simple moving average is 3.1, while MFS Government Markets Income Trust (MGF) share price is $3.015, making it a Sell.

MFS Government Markets Income Trust (MGF) 200-Day simple moving average is 3.1, while MFS Government Markets Income Trust (MGF) share price is $3.015, making it a Sell.

MFS Government Markets Income Trust (MGF) 250-Day simple moving average is 3.06, while MFS Government Markets Income Trust (MGF) share price is $3.015, making it a Sell.

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Frequently Asked Questions

What is the current technical consensus for MGF?

The overall technical consensus for MFS Government Markets Income Trust (MGF) is currently strong sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 1 buy signals and 3 sell signals.

What are the key support and resistance levels for MFS Government Markets Income Trust (MGF) today?

Based on pivot point calculations, MFS Government Markets Income Trust (MGF) has an immediate support level at 3.03 and a major resistance level at 3.12. Traders also monitor the pivot point at 3.07 to determine the intraday trend direction.

Is MFS Government Markets Income Trust (MGF) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for MFS Government Markets Income Trust (MGF) is currently 47.32. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for MFS Government Markets Income Trust (MGF)?

MFS Government Markets Income Trust (MGF) Moving Averages Convergence Divergence (MACD) indicator is -0.01, suggesting MGF is strong sell. This indicator helps identify potential trend reversals or momentum shifts for MFS Government Markets Income Trust.

How is MFS Government Markets Income Trust (MGF) performing relative to its 200-day moving average?

MFS Government Markets Income Trust (MGF)is currently trading at $3.015, which is below its 200-day simple moving average of 3.1. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.