Magellan Stock Technical Analysis

MGLN
 Stock
  

USD 94.99  0.00  0.00%   

As of the 18th of August 2022, Magellan Health secures the Downside Deviation of 0.178, mean deviation of 0.1054, and Risk Adjusted Performance of (0.028662). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Magellan Health, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Magellan Health, which can be compared to its peers in the industry. Please verify Magellan Health information ratio, as well as the relationship between the potential upside and kurtosis to decide if Magellan Health is priced some-what accurately, providing market reflects its recent price of 94.99 per share. Given that Magellan Health has jensen alpha of (0.002689), we recommend you to check Magellan Health's last-minute market performance to make sure the company can sustain itself at a future point.
  

Magellan Health Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Magellan, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Magellan
Magellan Health's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Magellan Health Analyst Consensus

Target PriceAdvice# of Analysts
95.0Hold1Odds
Magellan Health current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Magellan analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Magellan stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Magellan Health, talking to its executives and customers, or listening to Magellan conference calls.
Magellan Analyst Advice Details
Magellan Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Magellan Health technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Magellan Health trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Magellan Health Technical Analysis

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Magellan Health Trend Analysis

Use this graph to draw trend lines for Magellan Health. You can use it to identify possible trend reversals for Magellan Health as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Magellan Health price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Magellan Health Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Magellan Health applied against its price change over selected period. The best fit line has a slop of   -0.0013  , which may suggest that Magellan Health market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.06, which is the sum of squared deviations for the predicted Magellan Health price change compared to its average price change.

About Magellan Health Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Magellan Health on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Magellan Health based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Magellan Health price pattern first instead of the macroeconomic environment surrounding Magellan Health. By analyzing Magellan Health's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Magellan Health's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Magellan Health specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2021 2022 (projected)
Long Term Debt to Equity0.490.30.29
Interest Coverage5.766.636.81

Magellan Health August 18, 2022 Technical Indicators

Most technical analysis of Magellan help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Magellan from various momentum indicators to cycle indicators. When you analyze Magellan charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Magellan Health August 18, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Magellan stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, see Stocks Correlation. Note that the Magellan Health information on this page should be used as a complementary analysis to other Magellan Health's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Other Tools for Magellan Stock

When running Magellan Health price analysis, check to measure Magellan Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magellan Health is operating at the current time. Most of Magellan Health's value examination focuses on studying past and present price action to predict the probability of Magellan Health's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Magellan Health's price. Additionally, you may evaluate how the addition of Magellan Health to your portfolios can decrease your overall portfolio volatility.
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