Technical Analysis for MGLN - Magellan Health Services, Inc.

Grade Last Price % Change Price Change
grade D 67.2 4.23% 2.73
MGLN closed up 4.23 percent on Monday, March 18, 2019, on 1.12 times normal volume. It was able to find support at its 50 day moving average.

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
Mar 18 50 DMA Support Bullish 0.00%
Mar 18 Crossed Above 20 DMA Bullish 0.00%
Mar 18 MACD Bullish Centerline Cross Bullish 0.00%
Mar 18 Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Mar 15 50 DMA Support Bullish 4.23%
Mar 15 Outside Day Range Expansion 4.23%
Mar 14 Narrow Range Bar Range Contraction 4.19%
Mar 13 MACD Bearish Centerline Cross Bearish 5.11%
Mar 13 50 DMA Support Bullish 5.11%
Mar 13 Narrow Range Bar Range Contraction 5.11%

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.
Health Cancer Insurance Healthcare Life Sciences Diseases Pharmaceuticals Policy Rheumatoid Arthritis Multiple Sclerosis Diagnostic Imaging Healthcare Reform In The United States Medicaid Specialty Drugs Federal Assistance In The United States Presidency Of Lyndon B. Johnson Counseling Network Management Hemophilia Hepatitis 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: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 112.25
52 Week Low 51.88
Average Volume 316,532
200-Day Moving Average 71.875
50-Day Moving Average 64.3234
20-Day Moving Average 66.9415
10-Day Moving Average 64.522
Average True Range 2.2075
ADX 21.87
+DI 23.8637
-DI 24.9519
Chandelier Exit (Long, 3 ATRs ) 67.13750000000001
Chandelier Exit (Short, 3 ATRs ) 68.0125
Upper Bollinger Band 73.0546
Lower Bollinger Band 60.8284
Percent B (%b) 0.52
BandWidth 18.264007
MACD Line 0.0377
MACD Signal Line 0.3347
MACD Histogram -0.297
Fundamentals Value
Market Cap 1.59 Billion
Num Shares 23.7 Million
EPS 3.51
Price-to-Earnings (P/E) Ratio 19.15
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) 72.38
Resistance 3 (R3) 71.86 69.61 71.51
Resistance 2 (R2) 69.61 68.30 69.87 71.22
Resistance 1 (R1) 68.41 67.48 69.01 68.93 70.94
Pivot Point 66.16 66.16 66.47 66.42 66.16
Support 1 (S1) 64.96 64.85 65.56 65.48 63.46
Support 2 (S2) 62.71 64.03 62.97 63.18
Support 3 (S3) 61.51 62.71 62.89
Support 4 (S4) 62.03