1MRNA Technical Analysis - MODERNA INC

Technical Rating and Analysis

Overall 1MRNA gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. 1MRNA was also a bad performer in the overall market in the last year.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

When comparing the yearly performance of all stocks, 1MRNA is a bad performer in the overall market: 98% of all stocks are doing better.

1MRNA is part of the Biotechnology industry. There are 73 other stocks in this industry, of which 80% are performing better than 1MRNA.

1MRNA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Warning: 1MRNA has an average volume of 8623 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month 1MRNA has a been trading in the 19.90 - 24.52 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of 1MRNA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.84

25.11

2 important support areas can be observed.

Support @20.64 from a horizontal line in the weekly time frame.
Support @20.04 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 23.36 to 23.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @24.07 from a horizontal line in the daily time frame.
Resistance @24.86 from a trend line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for 1MRNA.MI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for 1MRNA.MI is neutral.
ChartMill Relative Strength	2.23	NEGATIVE	1MRNA.MI has a low relative strength, it was outperformed by 97.77% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 1MRNA.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of 1MRNA.MI is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of 1MRNA.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	52.65	NEUTRAL	The RSI value for 1MRNA.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.35	POSITIVE	The MACD value suggests 1MRNA.MI has a positive trend.
Stochastics (14,3)	72.69	NEUTRAL	The Stochastics value for 1MRNA.MI is a neutral value.
Average True Range in percent/ATR (20)	5.16	HIGH VOLATILITY	The high ATR as a percentage value for 1MRNA.MI suggests high volalility.
Average Directional Index/ADX (14)	16.96	NEGATIVE	The low ADX value for 1MRNA.MI suggests a weak or negative trend.