Free Daily Analysis

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.

Open High Low MGLN Price Change
94.050 94.185 93.920 93.950 +0.050
Entry Signal

MarketClub’s Trade Triangles for MGLN

long term up The long-term trend has been UP since May 28th, 2020 at 75.81

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2021 at 93.99

short term down 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).

Smart Scan Analysis for MGLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
94.050 94.185 93.920 93.950 +0.050
Prev. Close Volume Bid Ask Time
93.900 67399 2021-04-22 15:59:09
Year High112.25Year High Date2018-04-19
Year Low52.32Year Low Date2018-11-20
52wk High95.4352wk High Date2021-01-06
52wk Low49.4352wk Low Date2020-04-22
Year End Close49Average Volume173,079
Shares Outstanding25,966Short Interest369,797
% Institutional97.1Market Cap1,600M
P/E Ratio6.2684Beta0.71
Get a free daily analysis and signals for Magellan Health, Inc (MGLN) - Request Your Free Report.