Taking everything into account, MRNA scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MRNA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- MRNA is part of the Biotechnology industry. There are 528 other stocks in this industry. MRNA outperforms 73% of them.
- MRNA 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 MRNA is lagging the market slightly.
- In the last month MRNA has a been trading in the 29.04 - 41.98 range, which is quite wide. It is currently trading near the high of this range.
- MRNA has an average volume of 10992800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, MRNA did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MRNA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
23.27
We found 2 important support areas.
- Support @31.87 from a trend line in the daily time frame.
- Support @23.51 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for MRNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRNA is up. |
| ChartMill Relative Strength | 89.99 | POSITIVE | MRNA has a high relative strength, it outperformed 89.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.2 | OVERBOUGHT | The high RSI value suggests MRNA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests MRNA has a positive trend. |
| Stochastics (14,3) | 82.53 | OVERBOUGHT | The high Stochastics value suggests MRNA may be overbought. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for MRNA suggests high volalility. |
| Average Directional Index/ADX (14) | 34.79 | POSITIVE | The high ADX value value for MRNA suggests a strong trend. |
40.58
+0.98 (+2.47%)
MODERNA INC / MRNA FAQ
What is the technical rating for MRNA stock?
ChartMill assigns a technical rating of 9 / 10 to MRNA.
What is the trend direction for MRNA stock?
The current trend direction for MODERNA INC (MRNA) is Bullish.
What is the RSI signal for MODERNA INC (MRNA) stock?
MODERNA INC (MRNA) has an RSI value of 73.203. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for MODERNA INC?
The buy/sell signal for MODERNA INC (MRNA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for MODERNA INC?
MODERNA INC (MRNA) has a support level at 31.87. Check the full technical report for our detailed analysis of MRNA support and resistance levels.