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MFS Investment Grade Municipal Trust
Buy, Hold or Sell?

Let's analyse Mfs together

PenkeI guess you are interested in MFS Investment Grade Municipal Trust. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of MFS Investment Grade Municipal Trust. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Mfs (30 sec.)










What can you expect buying and holding a share of Mfs? (30 sec.)

How much money do you get?

How much money do you get?
$1.09
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$12.29
Expected worth in 1 year
$27.99
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
$16.79
Return On Investment
220.4%

For what price can you sell your share?

Current Price per Share
$7.62
Expected price per share
$7.5145 - $7.7501714285714
How sure are you?
50%

1. Valuation of Mfs (5 min.)




Live pricePrice per Share (EOD)

$7.62

Intrinsic Value Per Share

$4.38 - $15.11

Total Value Per Share

$16.67 - $27.40

2. Growth of Mfs (5 min.)




Is Mfs growing?

Current yearPrevious yearGrowGrow %
How rich?$112.6m$76.6m$35.9m31.9%

How much money is Mfs making?

Current yearPrevious yearGrowGrow %
Making money$1.5m-$18.3m$19.9m1,265.9%
Net Profit Margin84.5%100.9%--

How much money comes from the company's main activities?

3. Financial Health of Mfs (5 min.)




4. Comparing to competitors in the Asset Management industry (5 min.)




  Industry Rankings (Asset Management)  


Richest
#486 / 763

Most Revenue
#477 / 763

Most Profit
#395 / 763

Most Efficient
#302 / 763

What can you expect buying and holding a share of Mfs? (5 min.)

Welcome investor! Mfs's management wants to use your money to grow the business. In return you get a share of Mfs.

What can you expect buying and holding a share of Mfs?

First you should know what it really means to hold a share of Mfs. And how you can make/lose money.

Speculation

The Price per Share of Mfs is $7.62. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Mfs.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Mfs, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $12.29. Based on the TTM, the Book Value Change Per Share is $3.92 per quarter. Based on the YOY, the Book Value Change Per Share is $-8.15 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.27 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Mfs.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.172.3%0.172.3%-2.00-26.2%0.040.6%0.405.3%
Usd Book Value Change Per Share3.9251.5%3.9251.5%-8.15-106.9%0.506.6%-0.48-6.2%
Usd Dividend Per Share0.273.6%0.273.6%0.415.4%0.415.3%0.516.7%
Usd Total Gains Per Share4.2055.1%4.2055.1%-7.74-101.5%0.9111.9%0.040.5%
Usd Price Per Share7.27-7.27-7.30-8.78-9.07-
Price to Earnings Ratio42.38-42.38--3.65-17.31-35.51-
Price-to-Total Gains Ratio1.73-1.73--0.94-11.37--16.23-
Price to Book Ratio0.59-0.59-0.87-0.65-0.72-
Price-to-Total Gains Ratio1.73-1.73--0.94-11.37--16.23-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share7.62
Number of shares131
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.270.41
Usd Book Value Change Per Share3.920.50
Usd Total Gains Per Share4.200.91
Gains per Quarter (131 shares)549.98119.14
Gains per Year (131 shares)2,199.91476.55
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
114320562190213264467
228741134390426527944
3430616965906397911421
45748226879085210551898
57171028210990106513182375
68611233913190127715822852
710041439515390149018463329
811481645217590170321093806
912911850819790191623734283
1014342056521990212926374760

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%10.03.00.076.9%
Book Value Change Per Share1.00.00.0100.0%1.02.00.033.3%3.02.00.060.0%5.05.00.050.0%6.07.00.046.2%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%13.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%4.01.00.080.0%6.04.00.060.0%7.06.00.053.8%

Fundamentals of Mfs

About MFS Investment Grade Municipal Trust

MFS Investment Grade Municipal is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. MFS Investment Grade Municipal Trust was founded in May 16, 1989 and is domiciled in United States.

Fundamental data was last updated by Penke on 2024-03-22 20:44:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of MFS Investment Grade Municipal Trust.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Mfs earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Mfs to the Asset Management industry mean.
  • A Net Profit Margin of 84.5% means that $0.84 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of MFS Investment Grade Municipal Trust:

  • The MRQ is 84.5%. The company is making a huge profit. +2
  • The TTM is 84.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ84.5%TTM84.5%0.0%
TTM84.5%YOY100.9%-16.5%
TTM84.5%5Y95.1%-10.6%
5Y95.1%10Y92.9%+2.2%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ84.5%62.0%+22.5%
TTM84.5%63.5%+21.0%
YOY100.9%71.0%+29.9%
5Y95.1%62.9%+32.2%
10Y92.9%58.3%+34.6%
1.1.2. Return on Assets

Shows how efficient Mfs is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Mfs to the Asset Management industry mean.
  • 1.4% Return on Assets means that Mfs generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of MFS Investment Grade Municipal Trust:

  • The MRQ is 1.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.4%TTM1.4%0.0%
TTM1.4%YOY-14.2%+15.6%
TTM1.4%5Y-0.1%+1.5%
5Y-0.1%10Y1.9%-2.0%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4%0.8%+0.6%
TTM1.4%0.9%+0.5%
YOY-14.2%1.0%-15.2%
5Y-0.1%1.5%-1.6%
10Y1.9%2.1%-0.2%
1.1.3. Return on Equity

Shows how efficient Mfs is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Mfs to the Asset Management industry mean.
  • 2.3% Return on Equity means Mfs generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of MFS Investment Grade Municipal Trust:

  • The MRQ is 2.3%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.3%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.3%TTM2.3%0.0%
TTM2.3%YOY-23.9%+26.2%
TTM2.3%5Y-0.5%+2.8%
5Y-0.5%10Y2.7%-3.2%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3%1.7%+0.6%
TTM2.3%2.0%+0.3%
YOY-23.9%1.9%-25.8%
5Y-0.5%2.6%-3.1%
10Y2.7%3.2%-0.5%

1.2. Operating Efficiency of MFS Investment Grade Municipal Trust.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Mfs is operating .

  • Measures how much profit Mfs makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Mfs to the Asset Management industry mean.
  • An Operating Margin of 84.5% means the company generated $0.84  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of MFS Investment Grade Municipal Trust:

  • The MRQ is 84.5%. The company is operating very efficient. +2
  • The TTM is 84.5%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ84.5%TTM84.5%0.0%
TTM84.5%YOY95.3%-10.8%
TTM84.5%5Y94.0%-9.5%
5Y94.0%10Y100.4%-6.5%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ84.5%80.3%+4.2%
TTM84.5%62.8%+21.7%
YOY95.3%70.7%+24.6%
5Y94.0%55.7%+38.3%
10Y100.4%50.4%+50.0%
1.2.2. Operating Ratio

Measures how efficient Mfs is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Asset Management industry mean).
  • An Operation Ratio of 0.56 means that the operating costs are $0.56 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of MFS Investment Grade Municipal Trust:

  • The MRQ is 0.555. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.555. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.555TTM0.5550.000
TTM0.555YOY-0.055+0.611
TTM0.5555Y0.217+0.338
5Y0.21710Y0.189+0.028
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5550.420+0.135
TTM0.5550.445+0.110
YOY-0.0550.335-0.390
5Y0.2170.430-0.213
10Y0.1890.483-0.294

1.3. Liquidity of MFS Investment Grade Municipal Trust.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Mfs is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Asset Management industry mean).
  • A Current Ratio of 0.94 means the company has $0.94 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of MFS Investment Grade Municipal Trust:

  • The MRQ is 0.936. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.936. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.936TTM0.9360.000
TTM0.936YOY2.225-1.290
TTM0.9365Y3.813-2.877
5Y3.81310Y6.614-2.801
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9363.222-2.286
TTM0.9363.191-2.255
YOY2.2253.840-1.615
5Y3.8135.526-1.713
10Y6.6146.549+0.065
1.3.2. Quick Ratio

Measures if Mfs is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Mfs to the Asset Management industry mean.
  • A Quick Ratio of 0.94 means the company can pay off $0.94 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of MFS Investment Grade Municipal Trust:

  • The MRQ is 0.936. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.936. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.936TTM0.9360.000
TTM0.936YOY2.225-1.290
TTM0.9365Y3.813-2.877
5Y3.81310Y5.760-1.947
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9363.184-2.248
TTM0.9363.532-2.596
YOY2.2254.139-1.914
5Y3.8136.715-2.902
10Y5.7606.060-0.300

1.4. Solvency of MFS Investment Grade Municipal Trust.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Mfs assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Mfs to Asset Management industry mean.
  • A Debt to Asset Ratio of 0.02 means that Mfs assets are financed with 1.6% credit (debt) and the remaining percentage (100% - 1.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of MFS Investment Grade Municipal Trust:

  • The MRQ is 0.016. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.016. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.016TTM0.0160.000
TTM0.016YOY0.406-0.390
TTM0.0165Y0.093-0.077
5Y0.09310Y0.215-0.122
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0160.183-0.167
TTM0.0160.180-0.164
YOY0.4060.185+0.221
5Y0.0930.190-0.097
10Y0.2150.188+0.027
1.4.2. Debt to Equity Ratio

Measures if Mfs is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Mfs to the Asset Management industry mean.
  • A Debt to Equity ratio of 2.6% means that company has $0.03 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of MFS Investment Grade Municipal Trust:

  • The MRQ is 0.026. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.026. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.026TTM0.0260.000
TTM0.026YOY0.683-0.657
TTM0.0265Y0.155-0.129
5Y0.15510Y0.334-0.179
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0260.210-0.184
TTM0.0260.220-0.194
YOY0.6830.227+0.456
5Y0.1550.250-0.095
10Y0.3340.260+0.074

2. Market Valuation of MFS Investment Grade Municipal Trust

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Mfs generates.

  • Above 15 is considered overpriced but always compare Mfs to the Asset Management industry mean.
  • A PE ratio of 42.38 means the investor is paying $42.38 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of MFS Investment Grade Municipal Trust:

  • The EOD is 44.422. Based on the earnings, the company is overpriced. -1
  • The MRQ is 42.381. Based on the earnings, the company is overpriced. -1
  • The TTM is 42.381. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD44.422MRQ42.381+2.040
MRQ42.381TTM42.3810.000
TTM42.381YOY-3.648+46.029
TTM42.3815Y17.315+25.066
5Y17.31510Y35.513-18.198
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD44.4225.619+38.803
MRQ42.3815.505+36.876
TTM42.3815.667+36.714
YOY-3.6483.801-7.449
5Y17.3155.342+11.973
10Y35.5137.598+27.915
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of MFS Investment Grade Municipal Trust:

  • The EOD is 5.900. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 5.629. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 5.629. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD5.900MRQ5.629+0.271
MRQ5.629TTM5.6290.000
TTM5.629YOY-221.302+226.932
TTM5.6295Y-26.358+31.988
5Y-26.35810Y-6.879-19.479
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD5.9004.635+1.265
MRQ5.6294.286+1.343
TTM5.6293.311+2.318
YOY-221.3022.052-223.354
5Y-26.3582.207-28.565
10Y-6.8792.479-9.358
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Mfs is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Asset Management industry mean).
  • A PB ratio of 0.59 means the investor is paying $0.59 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of MFS Investment Grade Municipal Trust:

  • The EOD is 0.620. Based on the equity, the company is cheap. +2
  • The MRQ is 0.592. Based on the equity, the company is cheap. +2
  • The TTM is 0.592. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.620MRQ0.592+0.028
MRQ0.592TTM0.5920.000
TTM0.592YOY0.872-0.281
TTM0.5925Y0.646-0.054
5Y0.64610Y0.716-0.070
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD0.6200.927-0.307
MRQ0.5920.911-0.319
TTM0.5920.910-0.318
YOY0.8720.983-0.111
5Y0.6461.008-0.362
10Y0.7161.157-0.441
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of MFS Investment Grade Municipal Trust.

3.1. Insider Transactions

DateOwnerTypeAmountPricePost Transaction AmountLink
2023-10-24Saba Capital Management, L.p.SELL7326.59
2023-10-03Saba Capital Management, L.p.SELL42037.02

4. Summary

4.1. Key Performance Indicators

The key performance indicators of MFS Investment Grade Municipal Trust compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--3.9253.9250%-8.145+308%0.503+680%-0.476+112%
Book Value Per Share--12.28812.2880%8.363+47%14.097-13%13.344-8%
Current Ratio--0.9360.9360%2.225-58%3.813-75%6.614-86%
Debt To Asset Ratio--0.0160.0160%0.406-96%0.093-83%0.215-93%
Debt To Equity Ratio--0.0260.0260%0.683-96%0.155-83%0.334-92%
Dividend Per Share--0.2740.2740%0.409-33%0.406-33%0.511-46%
Eps--0.1720.1720%-2.000+1266%0.044+287%0.402-57%
Free Cash Flow Per Share--1.2911.2910%-0.033+103%0.505+156%0.749+72%
Free Cash Flow To Equity Per Share----0%-0.3420%-0.0260%-0.0470%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--15.108--------
Intrinsic Value_10Y_min--4.381--------
Intrinsic Value_1Y_max--0.774--------
Intrinsic Value_1Y_min--0.493--------
Intrinsic Value_3Y_max--2.888--------
Intrinsic Value_3Y_min--1.443--------
Intrinsic Value_5Y_max--5.684--------
Intrinsic Value_5Y_min--2.345--------
Market Cap62478056.400-7%66662759.36066662759.3600%66891998.5600%80269568.798-17%83170069.151-20%
Net Profit Margin--0.8450.8450%1.009-16%0.951-11%0.929-9%
Operating Margin--0.8450.8450%0.953-11%0.940-10%1.004-16%
Operating Ratio--0.5550.5550%-0.055+110%0.217+156%0.189+194%
Pb Ratio0.620+5%0.5920.5920%0.872-32%0.646-8%0.716-17%
Pe Ratio44.422+5%42.38142.3810%-3.648+109%17.315+145%35.513+19%
Price Per Share7.620+5%7.2707.2700%7.2950%8.777-17%9.072-20%
Price To Free Cash Flow Ratio5.900+5%5.6295.6290%-221.302+4031%-26.358+568%-6.879+222%
Price To Total Gains Ratio1.815+5%1.7321.7320%-0.943+154%11.367-85%-16.227+1037%
Quick Ratio--0.9360.9360%2.225-58%3.813-75%5.760-84%
Return On Assets--0.0140.0140%-0.142+1134%-0.001+109%0.019-28%
Return On Equity--0.0230.0230%-0.239+1146%-0.005+122%0.027-15%
Total Gains Per Share--4.1984.1980%-7.736+284%0.909+362%0.035+11890%
Usd Book Value--112671482.000112671482.0000%76685028.000+47%128900625.400-13%120463820.100-6%
Usd Book Value Change Per Share--3.9253.9250%-8.145+308%0.503+680%-0.476+112%
Usd Book Value Per Share--12.28812.2880%8.363+47%14.097-13%13.344-8%
Usd Dividend Per Share--0.2740.2740%0.409-33%0.406-33%0.511-46%
Usd Eps--0.1720.1720%-2.000+1266%0.044+287%0.402-57%
Usd Free Cash Flow--11841908.00011841908.0000%-302265.000+103%4616150.200+157%7264736.200+63%
Usd Free Cash Flow Per Share--1.2911.2910%-0.033+103%0.505+156%0.749+72%
Usd Free Cash Flow To Equity Per Share----0%-0.3420%-0.0260%-0.0470%
Usd Market Cap62478056.400-7%66662759.36066662759.3600%66891998.5600%80269568.798-17%83170069.151-20%
Usd Price Per Share7.620+5%7.2707.2700%7.2950%8.777-17%9.072-20%
Usd Profit--1572930.0001572930.0000%-18339136.000+1266%392653.800+301%3609481.000-56%
Usd Revenue--1862115.0001862115.0000%-18167043.000+1076%598884.600+211%3935753.600-53%
Usd Total Gains Per Share--4.1984.1980%-7.736+284%0.909+362%0.035+11890%
 EOD+2 -6MRQTTM+0 -0YOY+21 -125Y+17 -1610Y+12 -21

4.2. Fundamental Score

Let's check the fundamental score of MFS Investment Grade Municipal Trust based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1544.422
Price to Book Ratio (EOD)Between0-10.620
Net Profit Margin (MRQ)Greater than00.845
Operating Margin (MRQ)Greater than00.845
Quick Ratio (MRQ)Greater than10.936
Current Ratio (MRQ)Greater than10.936
Debt to Asset Ratio (MRQ)Less than10.016
Debt to Equity Ratio (MRQ)Less than10.026
Return on Equity (MRQ)Greater than0.150.023
Return on Assets (MRQ)Greater than0.050.014
Total5/10 (50.0%)

4.3. Technical Score

Let's check the technical score of MFS Investment Grade Municipal Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.674
Ma 20Greater thanMa 507.581
Ma 50Greater thanMa 1007.546
Ma 100Greater thanMa 2007.406
OpenGreater thanClose7.670
Total5/5 (100.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-11-302020-11-302021-11-302022-11-302023-11-30
Net Working Capital  2,743892,831152,846-1,868978-1,093-115



Latest Balance Sheet

Balance Sheet of 2023-11-30. Currency in USD. All numbers in thousands.

Summary
Total Assets114,465
Total Liabilities1,794
Total Stockholder Equity68,795
 As reported
Total Liabilities 1,794
Total Stockholder Equity+ 68,795
Total Assets = 114,465

Assets

Total Assets114,465
Total Current Assets1,678
Long-term Assets112,785
Total Current Assets
Net Receivables 1,678
Total Current Assets  (as reported)1,678
Total Current Assets  (calculated)1,678
+/-0
Long-term Assets
Long Term Investments 112,785
Other Assets 2
Long-term Assets  (as reported)112,785
Long-term Assets  (calculated)112,787
+/- 2

Liabilities & Shareholders' Equity

Total Current Liabilities1,794
Long-term Liabilities45,670
Total Stockholder Equity68,795
Total Current Liabilities
Accounts payable 1,794
Other Current Liabilities -1,794
Total Current Liabilities  (as reported)1,794
Total Current Liabilities  (calculated)0
+/- 1,794
Long-term Liabilities
Long-term Liabilities  (as reported)45,670
Long-term Liabilities  (calculated)0
+/- 45,670
Total Stockholder Equity
Common Stock78,374
Retained Earnings -9,579
Accumulated Other Comprehensive Income -9,579
Other Stockholders Equity 9,579
Total Stockholder Equity (as reported)68,795
Total Stockholder Equity (calculated)68,795
+/-0
Other
Capital Stock78,374
Common Stock Shares Outstanding 9,170
Liabilities and Stockholders Equity 114,465
Net Debt 43,775
Net Working Capital -115
Short Long Term Debt Total 43,775



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-11-302022-11-302021-11-302020-11-302019-11-302018-11-302017-11-302016-11-302015-11-302014-11-302010-11-302008-11-302007-11-302006-11-30
> Total Assets 
195,845
183,373
147,698
0
180,148
179,333
174,074
160,654
148,498
152,351
152,996
156,329
129,076
114,465
114,465129,076156,329152,996152,351148,498160,654174,074179,333180,1480147,698183,373195,845
   > Total Current Assets 
0
0
0
0
3,935
5,381
3,192
3,467
4,009
3,018
4,025
7,906
1,776
1,678
1,6781,7767,9064,0253,0184,0093,4673,1925,3813,9350000
       Cash And Cash Equivalents 
95
46
452
0
1,247
1,415
355
600
1,197
284
2,059
3,140
0
0
003,1402,0592841,1976003551,4151,24704524695
       Net Receivables 
2,912
3,907
3,159
0
2,688
3,935
2,837
2,867
2,812
2,734
1,966
4,766
1,776
1,678
1,6781,7764,7661,9662,7342,8122,8672,8373,9352,68803,1593,9072,912
       Other Current Assets 
0
0
0
0
0
31
0
0
0
-3,018
-4,025
-7,906
-1,776
-1,678
-1,678-1,776-7,906-4,025-3,0180003100000
   > Long-term Assets 
0
0
0
0
0
0
0
157,184
144,487
149,332
148,968
148,421
127,298
112,785
112,785127,298148,421148,968149,332144,487157,1840000000
       Long Term Investments 
192,819
179,396
144,070
0
175,932
173,700
170,646
157,184
144,487
149,332
148,968
148,421
127,298
112,785
112,785127,298148,421148,968149,332144,487157,184170,646173,700175,9320144,070179,396192,819
       Other Assets 
0
24
17
0
281
253
236
2
2
2
2
2
2
2
2222222236253281017240
> Total Liabilities 
3,182
1,781
7,957
0
56,791
55,678
56,432
57,529
56,141
275
1,194
5,060
52,391
1,794
1,79452,3915,0601,19427556,14157,52956,43255,67856,79107,9571,7813,182
   > Total Current Liabilities 
0
0
0
0
1,330
237
234
1,154
836
275
1,194
5,060
798
1,794
1,7947985,0601,1942758361,1542342371,3300000
       Short-term Debt 
0
0
0
0
55,461
55,441
56,198
56,220
0
0
0
0
0
0
00000056,22056,19855,44155,4610000
       Short Long Term Debt 
0
0
0
0
55,461
55,441
56,198
56,220
0
0
0
0
0
0
00000056,22056,19855,44155,4610000
       Accounts payable 
2,065
1,781
7,957
0
1,126
45
0
1,154
836
275
1,194
5,060
798
1,794
1,7947985,0601,1942758361,1540451,12607,9571,7812,065
       Other Current Liabilities 
0
0
0
0
21
22
17
-1,154
-836
-275
-1,194
-5,060
-798
-1,794
-1,794-798-5,060-1,194-275-836-1,1541722210000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
54,141
53,686
52,371
798
45,670
45,67079852,37153,68654,141000000000
       Deferred Long Term Liability 
19
0
0
0
53
23
0
0
0
0
0
0
0
0
00000000235300019
> Total Stockholder Equity
192,663
181,593
139,741
0
122,533
122,830
117,642
103,124
92,357
97,832
98,014
98,774
76,685
68,795
68,79576,68598,77498,01497,83292,357103,124117,642122,830122,5330139,741181,593192,663
   Common Stock
0
0
0
0
128,627
122,297
117,648
94,428
85,687
85,420
85,420
85,407
85,368
78,374
78,37485,36885,40785,42085,42085,68794,428117,648122,297128,6270000
   Retained Earnings 
5,670
-5,405
-35,897
0
-6,094
533
-6
432
6,670
12,412
12,593
13,367
-8,683
-9,579
-9,579-8,68313,36712,59312,4126,670432-6533-6,0940-35,897-5,4055,670
   Capital Surplus 00000000000000
   Treasury Stock00000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
8,264
0
-12,412
-12,593
-13,367
8,683
9,579
9,5798,683-13,367-12,593-12,41208,2640000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-11-30)

Gross Profit (+$)
totalRevenue1,862
Cost of Revenue-745
Gross Profit1,8621,117
 
Operating Income (+$)
Gross Profit1,862
Operating Expense-289
Operating Income1,5731,573
 
Operating Expense (+$)
Research Development0
Selling General Administrative407
Selling And Marketing Expenses0
Operating Expense289407
 
Net Interest Income (+$)
Interest Income5,381
Interest Expense-2,132
Other Finance Cost-0
Net Interest Income3,249
 
Pretax Income (+$)
Operating Income1,573
Net Interest Income3,249
Other Non-Operating Income Expenses0
Income Before Tax (EBT)1,5733,705
EBIT - interestExpense = -560
1,573
3,705
Interest Expense2,132
Earnings Before Interest and Taxes (EBIT)1,5733,705
Earnings Before Interest and Taxes (EBITDA)1,573
 
After tax Income (+$)
Income Before Tax1,573
Tax Provision-0
Net Income From Continuing Ops1,5731,573
Net Income1,573
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses289
Total Other Income/Expenses Net-2,132-3,249
 

Technical Analysis of Mfs
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Mfs. The general trend of Mfs is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Mfs's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of MFS Investment Grade Municipal Trust.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 7.7501714285714.

The bearish price targets are: 7.5808 > 7.5718 > 7.5145.

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MFS Investment Grade Municipal Trust Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of MFS Investment Grade Municipal Trust. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

MFS Investment Grade Municipal Trust Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of MFS Investment Grade Municipal Trust. The current macd is 0.03432653.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Mfs price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Mfs. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Mfs price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
MFS Investment Grade Municipal Trust Daily Moving Average Convergence/Divergence (MACD) ChartMFS Investment Grade Municipal Trust Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of MFS Investment Grade Municipal Trust. The current adx is 14.38.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Mfs shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
MFS Investment Grade Municipal Trust Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of MFS Investment Grade Municipal Trust. The current sar is 7.52743865.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
MFS Investment Grade Municipal Trust Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of MFS Investment Grade Municipal Trust. The current rsi is 55.67. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
MFS Investment Grade Municipal Trust Daily Relative Strength Index (RSI) ChartMFS Investment Grade Municipal Trust Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of MFS Investment Grade Municipal Trust. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Mfs price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
MFS Investment Grade Municipal Trust Daily Stochastic Oscillator ChartMFS Investment Grade Municipal Trust Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of MFS Investment Grade Municipal Trust. The current cci is 67.82.

MFS Investment Grade Municipal Trust Daily Commodity Channel Index (CCI) ChartMFS Investment Grade Municipal Trust Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of MFS Investment Grade Municipal Trust. The current cmo is 8.02197047.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
MFS Investment Grade Municipal Trust Daily Chande Momentum Oscillator (CMO) ChartMFS Investment Grade Municipal Trust Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of MFS Investment Grade Municipal Trust. The current willr is -35.19441675.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Mfs is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
MFS Investment Grade Municipal Trust Daily Williams %R ChartMFS Investment Grade Municipal Trust Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of MFS Investment Grade Municipal Trust.

MFS Investment Grade Municipal Trust Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of MFS Investment Grade Municipal Trust. The current atr is 0.04741226.

MFS Investment Grade Municipal Trust Daily Average True Range (ATR) ChartMFS Investment Grade Municipal Trust Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of MFS Investment Grade Municipal Trust. The current obv is 1,101,578.

MFS Investment Grade Municipal Trust Daily On-Balance Volume (OBV) ChartMFS Investment Grade Municipal Trust Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of MFS Investment Grade Municipal Trust. The current mfi is 63.91.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
MFS Investment Grade Municipal Trust Daily Money Flow Index (MFI) ChartMFS Investment Grade Municipal Trust Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for MFS Investment Grade Municipal Trust.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-26STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-16RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-01WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-20CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-05CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-11WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).

6.3. Candlestick Patterns

MFS Investment Grade Municipal Trust Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of MFS Investment Grade Municipal Trust based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.674
Ma 20Greater thanMa 507.581
Ma 50Greater thanMa 1007.546
Ma 100Greater thanMa 2007.406
OpenGreater thanClose7.670
Total5/5 (100.0%)
Penke

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