Taking everything into account, MRNA scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, MRNA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- MRNA is part of the Biotechnology industry. There are 525 other stocks in this industry. MRNA outperforms 76% of them.
- MRNA has an average volume of 11924500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that MRNA is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- MRNA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MRNA is lagging the market.
- In the last month MRNA has a been trading in the 29.81 - 55.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MRNA has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
23.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.77 to 35.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.51 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @48.72 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 | 90.53 | POSITIVE | MRNA has a high relative strength, it outperformed 90.53% 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) | 58.63 | NEUTRAL | The RSI value for MRNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests MRNA has a negative trend. |
| Stochastics (14,3) | 57.12 | NEUTRAL | The Stochastics value for MRNA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.58 | HIGH VOLATILITY | The high ATR as a percentage value for MRNA suggests high volalility. |
| Average Directional Index/ADX (14) | 46.19 | POSITIVE | The high ADX value value for MRNA suggests a strong trend. |
44.07
-2.79 (-5.95%)
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 58.6255. This indicates that the stock is currently neutral.
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 35.13 and a resistance level at 48.72. Check the full technical report for our detailed analysis of MRNA support and resistance levels.