Technical Analysis for MGLN - Magellan Health Services, Inc.

Grade Last Price % Change Price Change
grade C 71.0 -0.04% -0.03
MGLN closed down 0.04 percent on Thursday, July 18, 2019, on 74 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.

Earnings due: Jul 25

*** please verify all earnings dates ***

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Down
See historical MGLN trend table...

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
NR7 Range Contraction 0.00%
20 DMA Support Bullish -0.04%
Multiple of Ten Bullish Other -0.04%
Crossed Above 20 DMA Bullish 0.30%
1,2,3 Pullback Bullish Bullish Swing Setup 0.30%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.30%
Multiple of Ten Bullish Other 0.30%
Fell Below 20 DMA Bearish 2.13%
MACD Bearish Signal Line Cross Bearish 2.13%

Older signals for MGLN ...

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Basic chart:
Magellan Health Services, Inc. engages in the specialty managed healthcare business in the United States. The company, through its contracted network of third-party treatment providers, offers managed behavioral healthcare services, including outpatient programs, such as counseling or therapy; intermediate care programs comprising intensive outpatient programs and partial hospitalization services; and inpatient treatment and crisis intervention services. It also provides radiology benefits management services, such as the delivery of diagnostic imaging and other therapeutic services through contracts with health plans and insurance companies, and governmental agencies. In addition, the company offers specialty pharmaceutical management services, including contracting and formulary optimization programs; specialty pharmaceutical dispensing operations; and medical pharmacy management programs. Its specialty pharmaceutical management services are provided under contracts with health plans, insurance companies, employers, and governmental agencies to manage specialty drugs used in the treatment of conditions, such as cancer, multiple sclerosis, hemophilia, infertility, rheumatoid arthritis, chronic forms of hepatitis, and other diseases. Further, the company provides Medicaid administration services comprising network management, formulary and rebate management, point-of-sale claims processing systems and administration, clinical prior authorization, and drug utilization review under contracts with health plans and employers, as well as public sector clients sponsoring Medicaid and other state benefit programs. It serves health plans, insurance companies, employers, labor unions, and various governmental agencies. Magellan Health Services, Inc. was founded in 1969 and is based in Avon, Connecticut.
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Is MGLN a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 96.7
52 Week Low 51.88
Average Volume 248,209
200-Day Moving Average 64.8554
50-Day Moving Average 68.6502
20-Day Moving Average 70.893
10-Day Moving Average 71.614
Average True Range 2.0552
ADX 28.7
+DI 22.9179
-DI 16.5989
Chandelier Exit (Long, 3 ATRs ) 69.7044
Chandelier Exit (Short, 3 ATRs ) 71.1656
Upper Bollinger Band 76.1277
Lower Bollinger Band 65.6583
Percent B (%b) 0.51
BandWidth 14.76789
MACD Line 0.8814
MACD Signal Line 1.1607
MACD Histogram -0.2793
Fundamentals Value
Market Cap 1.68 Billion
Num Shares 23.7 Million
EPS 3.51
Price-to-Earnings (P/E) Ratio 20.23
Price-to-Sales 0.38
Price-to-Book 1.75
PEG Ratio 0.92
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 72.76
Resistance 3 (R3) 72.78 72.21 72.46
Resistance 2 (R2) 72.21 71.77 72.20 72.37
Resistance 1 (R1) 71.61 71.49 71.33 71.59 72.27
Pivot Point 71.04 71.04 70.90 71.03 71.04
Support 1 (S1) 70.44 70.60 70.15 70.41 69.73
Support 2 (S2) 69.87 70.32 69.86 69.63
Support 3 (S3) 69.27 69.87 69.54
Support 4 (S4) 69.24