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(MGLN) Magellan Health complete technical analysis [charts+indicators] | Buy/Sell Magellan Health | (MGLN) share price targets

Complete technical analysis of Magellan Health (MGLN) by charts plus indicators, forecast predictions and share price targets for Magellan Health (MGLN)

Magellan Health trades in USA in Health Care sector.

10 day averaged volume of Magellan Health is 179200

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jan 2022	94.99	95.00	95.36	94.97	4.975 times
31 Fri Dec 2021	94.99	94.98	95.05	94.96	1.198 times
30 Thu Dec 2021	94.98	94.88	95.02	94.88	0.469 times
29 Wed Dec 2021	94.89	94.79	94.96	94.70	0.275 times
28 Tue Dec 2021	94.86	94.85	94.90	94.81	0.463 times
27 Mon Dec 2021	94.85	94.88	94.95	94.77	0.737 times
23 Thu Dec 2021	94.78	94.74	94.92	94.65	1.564 times
22 Wed Dec 2021	94.69	94.70	94.70	94.53	0.41 times
21 Tue Dec 2021	94.58	94.36	94.74	94.36	0.487 times
20 Mon Dec 2021	94.40	94.37	94.60	94.37	1.069 times

Stock of Magellan Health (MGLN) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 94.9, but if it comes below 94.9, then a intra day sell could be more profitable.
If you take a sell trade below 94.9, then use 94.9 as stoploss and 94.62 as target. However if you take a buy trade in stock , then use 94.9 as stoploss and 95.1 as target.

Share price targets for Magellan Health (MGLN)

Target Type	Value
Downside Target	82.94
Downside Target	92.63
Downside Target	94.96
Downside Target	94.97
Upside Target	95.05
Upside Target	95.23
Upside Target	95.25
Upside Target	95.36
Upside Target	99.36

Intraday share price targets for Magellan Health (MGLN)

Target Type	Value
Downside Intraday Target	94.85
Downside Intraday Target	94.72
Upside Intraday Target	95.24
Upside Intraday Target	95.5
Upside Intraday Target	95.11

Weekly technical analysis of Magellan Health (MGLN)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jan 2022	94.99	95.00	95.36	94.97	1.583 times
31 Fri Dec 2021	94.99	94.88	95.05	94.70	0.89 times
23 Thu Dec 2021	94.78	94.37	94.92	94.36	0.512 times
17 Fri Dec 2021	94.45	94.40	94.85	92.63	2.832 times
10 Fri Dec 2021	94.47	94.81	94.90	94.35	0.58 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Magellan Health (MGLN)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Mon Jan 2022	94.99	95.00	95.36	94.97	0.266 times
31 Fri Dec 2021	94.99	94.66	95.23	92.63	1.211 times
30 Tue Nov 2021	94.79	94.84	99.36	94.27	0.864 times
29 Fri Oct 2021	94.83	94.61	94.96	82.94	0.577 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Magellan Health (MGLN)

Price action analysis of Magellan Health ( (MGLN) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Magellan Health ( (MGLN) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Magellan Health ( (MGLN) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Magellan Health stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Magellan Health in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Magellan Health Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Magellan Health in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Magellan Health is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 94.86 and Magellan Health (MGLN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Magellan Health (MGLN) stock. Volume based technical analysis of Magellan Health (MGLN) stock is negative.

Magellan Health Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.