MAGELLAN HEALTH INC (MGLN)
Common Stock
We assign a technical rating of 7 out of 10 to MGLN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MGLN is only an average performer.
The long and short term trends are both positive. This is looking good!
MGLN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MGLN is lagging the market slightly.
When compared to the yearly performance of all other stocks, MGLN outperforms 49% of them, which is more or less in line with the market.
MGLN is part of the Health Care Providers & Services industry. There are 118 other stocks in this industry, MGLN did better than 67% of them.
In the last month MGLN has a been trading in a tight range between 92.63 and 95.36.
Volume is considerably higher in the last couple of days.
MGLN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 95.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 94.80, a Stop Loss order could be placed below this zone.
More info and screens
92.26
96.13
We found 1 important support area.
- A support zone ranging from 93.19 to 94.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 95.00 to 95.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.92
Mansfield-1
10 Day High95.36
10 Day Low94.36
20 Day High95.36
20 Day Low92.63
52 Week High99.36
52 Week Low82.94
Performance
1 Week0.15%
2 Weeks0.57%
1 Month0.58%
3 Month0.33%
6 Month0.79%
12 Month0.68%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.06
RSI(14)60.98
LBB94.18
UBB95.2
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 95.19 | 94.35 | 0.84 (0.88%) | 25.00% |
| An entry @95.19. This is a Buy Stop order right above the resistance zone. | An exit @94.35. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.84 points, which is 0.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MAGELLAN HEALTH INC
NASDAQ:MGLN (1/3/2022, 7:23:03 PM)
After market: 94.99 0 (0%)94.99
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0%
1 Week0.15%
2 Weeks0.57%
1 Month0.58%
3 Month0.33%
6 Month0.79%
12 Month0.68%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.41
ATR(20)%0.42%
ATR Inc
Range Today0.39
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High95.36
10 Day Low94.36
20 Day High95.36
20 Day Low92.63
52 Week High99.36
52 Week Low82.94
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume891.50K
Volume Incr64.37%
Vol(5)264.48K
Vol(50)148.85K