Stock Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
Magellan Health, Inc (NASDAQ:MGLN)
Bull Market Weakness (+75) - MGLN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MGLN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MGLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGLN
The long-term trend has been UP since May 28th, 2020 at 75.81
The intermediate-term trend has been UP since Mar 15th, 2021 at 93.99
The short-term trend has been DOWN since Apr 19th, 2021 at 93.99
Smart Scan Analysis for MGLN
Based on our trend formula, MGLN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||112.25||Year High Date||2018-04-19|
|Year Low||52.32||Year Low Date||2018-11-20|
|52wk High||95.43||52wk High Date||2021-01-06|
|52wk Low||49.43||52wk Low Date||2020-04-22|
|Year End Close||49||Average Volume||173,079|
|Shares Outstanding||25,966||Short Interest||369,797|
|% Institutional||97.1||Market Cap||1,600M|