Technical Analysis for MGLN - Magellan Health Services, Inc.

Grade Last Price % Change Price Change
grade B 72.6 2.83% 2.00
MGLN closed up 2.83 percent on Friday, November 15, 2019, on approximately normal volume. 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 Up Up Up
See historical MGLN trend table...

Date Alert Name Type % Chg
180 Bullish Setup Bullish Swing Setup 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Reversal New Highs Setup Bullish Swing Setup 0.00%
Multiple of Ten Bullish Other 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.83%
NR7 Range Contraction 2.83%

Older signals for MGLN ...

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Basic chart:
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.
Health Cancer Insurance Healthcare Life Sciences Diseases Multiple Sclerosis Pharmaceuticals Policy Rheumatoid Arthritis Diagnostic Imaging Healthcare Reform In The United States Specialty Drugs Federal Assistance In The United States Medicaid Hepatitis Counseling Hemophilia Network Management Specialty Drugs In The United States Rebate Management Infertility Such As Cancer Therapeutic Services
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.
Indicators
Indicator Value
52 Week High 75.87
52 Week Low 51.88
Average Volume 181,760
200-Day Moving Average 66.1723
50-Day Moving Average 63.6164
20-Day Moving Average 66.7545
10-Day Moving Average 69.469
Average True Range 2.1707
ADX 17.05
+DI 23.0134
-DI 15.1117
Chandelier Exit (Long, 3 ATRs ) 66.2979
Chandelier Exit (Short, 3 ATRs ) 64.771
Upper Bollinger Band 72.9768
Lower Bollinger Band 60.5322
Percent B (%b) 0.97
BandWidth 18.642339
MACD Line 2.3559
MACD Signal Line 1.8411
MACD Histogram 0.5148
Fundamentals Value
Market Cap 1.72 Billion
Num Shares 23.7 Million
EPS 3.51
Price-to-Earnings (P/E) Ratio 20.68
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) 77.01
Resistance 3 (R3) 76.59 74.70 76.28
Resistance 2 (R2) 74.70 73.58 74.91 76.03
Resistance 1 (R1) 73.65 72.88 74.18 74.07 75.78
Pivot Point 71.76 71.76 72.02 71.97 71.76
Support 1 (S1) 70.71 70.64 71.24 71.13 69.42
Support 2 (S2) 68.82 69.94 69.03 69.17
Support 3 (S3) 67.77 68.82 68.93
Support 4 (S4) 68.19