RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MGF
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Green day on Wednesday for MFS Government Markets Income Trust
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Gain 0.31% PDF

The MFS Government Markets Income Trust stock price gained 0.314% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.18 to $3.19. During the last trading day the stock fluctuated 1.42% from a day low at $3.18 to a day high of $3.23. The price has risen in 6 of the last 10 days and is up by 3.24% over the past 2 weeks. Volume fell on the last day by -48 thousand shares and in total, 66 thousand shares were bought and sold for approximately $210.30 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $3.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.93% during the next 3 months and, with a 90% probability hold a price between $2.90 and $3.08 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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MGF Signals & Forecast

The MFS Government Markets Income Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.13 and $3.12. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -0.623%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Tuesday, January 30, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, January 30, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for MFS Government Markets Income Trust stock

MFS Government Markets Income Trust finds support from accumulated volume at $3.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0450 between high and low, or 1.42%. For the last week the stock has had daily average volatility of 2.22%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MGF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect MFS Government Markets Income Trust to open at $3.20, and during the day (based on 14 day Average True Range), to move between $3.15 and $3.23, which gives a possible trading interval of +/-$0.0394 (+/-1.23%) up or down from last closing price. If MFS Government Markets Income Trust takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.20 (0.31%) than the support at $3.11 (2.51%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is MFS Government Markets Income Trust stock A Buy?

MFS Government Markets Income Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.914 Sell Candidate Unchanged

Predicted Opening Price for MFS Government Markets Income Trust of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$3.20 ( 0.261%) $3.19

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MGF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.24 1.67 %
R2 3.23 1.13 %
R1 3.22 0.80 %
Current price: 3.19
Support S1 3.18 -0.278 %
S2 3.17 -0.611 %
S3 3.15 -1.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.23 1.25 %
R2 3.21 0.627 %
R1 3.20 0.313 %
Current price 3.19
Support S1 3.11 -2.51%
S2 3.07 -3.76%
S3 3.06 -4.08%

MGF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 12, 2024 Mar 12, 2024 Mar 28, 2024 $0.0201 0.631%
2 Feb 01, 2024 Feb 13, 2024 Feb 29, 2024 $0.0203 0.660%
3 Jan 02, 2024 Jan 16, 2024 Jan 31, 2024 $0.0204 0.637%
4 Dec 01, 2023 Dec 19, 2023 Dec 29, 2023 $0.0197 0.619%
5 Nov 01, 2023 Nov 14, 2023 Nov 30, 2023 $0.0190 0.617%

FAQ

What is the symbol for MFS Government Markets Income Trust Stock and on which exchange is it traded?
The symbol for MFS Government Markets Income Trust is MGF and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell MFS Government Markets Income Trust Stock?
MFS Government Markets Income Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy MFS Government Markets Income Trust Stock?
MFS Government Markets Income Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MFS Government Markets Income Trust Stock.

What's the current price of MFS Government Markets Income Trust Stock?
As of the end of day on the 2024-03-27, the price of an MFS Government Markets Income Trust (MGF) share was $3.19.

What is the 52-week high and low for MFS Government Markets Income Trust Stock?
The 52-week high for MFS Government Markets Income Trust Stock is $3.46 and the 52-week low is $2.91.

What is the market capitalization of MFS Government Markets Income Trust Stock?
As of the 2024-03-27, the market capitalization of MFS Government Markets Income Trust is 103.66M.
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About MFS Government Markets Income Trust

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S. government agencies, international sovereigns, U.S. treasuries, cash and other net assets, emerging markets debt, high grade corporates, ... MGF Profile

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