Technical Analysis for MGLN - Magellan Health Services, Inc.

Grade Last Price % Change Price Change
grade C 62.34 0.23% 0.14
MGLN closed up 0.23 percent on Friday, January 18, 2019, on 77 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. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

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

Date Alert Name Type % Chg
Jan 18 Shooting Star Candlestick Bearish 0.00%
Jan 18 Lizard Bearish Bearish Day Trade Setup 0.00%
Jan 18 Pocket Pivot Bullish Swing Setup 0.00%
Jan 18 NR7 Range Contraction 0.00%
Jan 18 Doji - Bearish? Reversal 0.00%
Jan 18 Overbought Stochastic Strength 0.00%
Jan 18 Up 3 Days in a Row Strength 0.00%
Jan 18 Up 4 Days in a Row Strength 0.00%
Jan 17 Overbought Stochastic Strength 0.23%
Jan 17 Up 3 Days in a Row Strength 0.23%

Older signals for MGLN ...

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Profile
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.
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: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 112.25
52 Week Low 51.88
Average Volume 443,091
200-Day Moving Average 77.7545
50-Day Moving Average 58.086
20-Day Moving Average 58.3775
10-Day Moving Average 60.983
Average True Range 2.0559
ADX 13.48
+DI 26.8809
-DI 17.8527
Chandelier Exit (Long, 3 ATRs ) 57.1723
Chandelier Exit (Short, 3 ATRs ) 59.4277
Upper Bollinger Band 63.9241
Lower Bollinger Band 52.8309
Percent B (%b) 0.86
BandWidth 19.002527
MACD Line 1.0786
MACD Signal Line 0.5392
MACD Histogram 0.5393
Fundamentals Value
Market Cap 1.48 Billion
Num Shares 23.7 Million
EPS 3.51
Price-to-Earnings (P/E) Ratio 17.76
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) 63.99
Resistance 3 (R3) 64.14 63.74 63.72
Resistance 2 (R2) 63.74 63.32 63.67 63.62
Resistance 1 (R1) 63.04 63.06 62.84 62.89 63.53
Pivot Point 62.64 62.64 62.54 62.57 62.64
Support 1 (S1) 61.94 62.22 61.74 61.79 61.15
Support 2 (S2) 61.54 61.96 61.47 61.06
Support 3 (S3) 60.84 61.54 60.97
Support 4 (S4) 60.69