Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Thursday, October 28, 2021.

Magellan Health, Inc. (NASDAQ:MGLN)

Sidelines Mode (+55) - MGLN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

NASDAQ_MGLN
Open High Low MGLN Price Change
94.76 94.81 94.66 94.76 -0.04
Entry Signal

MarketClub’s Trade Triangles for MGLN

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 94.12

intermediate term up The intermediate-term trend has been UP since Oct 22nd, 2021 at 94.88

short term down The short-term trend has been DOWN since Oct 27th, 2021 at 94.72

Smart Scan Analysis for MGLN

Based on our trend formula, MGLN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MGLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
94.76 94.81 94.66 94.76 -0.04
Prev. Close Volume Bid Ask Time
94.76 89743 2021-10-27 15:59:47
Year High112.25Year High Date2018-04-19
Year Low52.32Year Low Date2018-11-20
52wk High95.4352wk High Date2021-01-06
52wk Low70.9552wk Low Date2020-11-02
Year End Close49Average Volume159,815
Shares Outstanding26,265Short Interest369,797
% Institutional97.1Market Cap1,600M
Assets321,792,900MLiabilities129,410,800M
P/E Ratio7.9198Beta0.71
Volatility47.79
Get a free daily analysis and signals for Magellan Health, Inc. (MGLN) - Request Your Free Report.