Technical Analysis for MGLN - Magellan Health Services, Inc.

Grade Last Price % Change Price Change
grade B 67.75 -0.72% -0.49
MGLN closed down 0.72 percent on Friday, May 17, 2019, on 69 percent of normal volume.

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

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Doji - Bullish? Reversal 0.00%
Down 3 Days in a Row Weakness 0.00%
Fell Below 20 DMA Bearish -0.72%
Outside Day Range Expansion -0.72%
20 DMA Support Bullish -2.08%
MACD Bearish Signal Line Cross Bearish -2.70%
NR7 Range Contraction -2.70%
NR7-2 Range Contraction -2.70%
Multiple of Ten Bearish Other -2.70%

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 Multiple Sclerosis Rheumatoid Arthritis Diagnostic Imaging Healthcare Reform In The United States Medicaid Specialty Drugs Federal Assistance In The United States Presidency Of Lyndon B. Johnson Counseling Hepatitis Network Management Hemophilia 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.
Indicator Value
52 Week High 99.9
52 Week Low 51.88
Average Volume 280,752
200-Day Moving Average 66.1037
50-Day Moving Average 66.6864
20-Day Moving Average 69.2075
10-Day Moving Average 69.704
Average True Range 2.1294
ADX 12.18
+DI 16.6378
-DI 19.4557
Chandelier Exit (Long, 3 ATRs ) 65.6301
Chandelier Exit (Short, 3 ATRs ) 67.3382
Upper Bollinger Band 72.1138
Lower Bollinger Band 66.3012
Percent B (%b) 0.25
BandWidth 8.398801
MACD Line 0.6659
MACD Signal Line 0.9778
MACD Histogram -0.3119
Fundamentals Value
Market Cap 1.61 Billion
Num Shares 23.7 Million
EPS 3.51
Price-to-Earnings (P/E) Ratio 19.30
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) 69.97
Resistance 3 (R3) 69.99 69.28 69.60
Resistance 2 (R2) 69.28 68.71 69.27 69.48
Resistance 1 (R1) 68.51 68.36 68.90 68.49 69.35
Pivot Point 67.80 67.80 67.99 67.79 67.80
Support 1 (S1) 67.03 67.23 67.42 67.01 66.15
Support 2 (S2) 66.32 66.88 66.31 66.02
Support 3 (S3) 65.55 66.32 65.90
Support 4 (S4) 65.53