MRNA Technical Analysis - MODERNA INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to MRNA. MRNA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

94% of all other stocks performed better in the past year than MRNA.

MRNA is part of the Biotechnology industry. There are 538 other stocks in this industry, of which 73% are performing better than MRNA.

MRNA 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.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

MRNA has an average volume of 9902290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month MRNA has a been trading in the 23.18 - 27.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, MRNA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 25.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.65, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

23.27

34.44

We found 1 important support area.

A support zone ranging from 23.51 to 23.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 25.25 to 25.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @30.74 from a trend line in the daily time frame.
Resistance @34.10 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 MRNA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MRNA is down.
ChartMill Relative Strength	6.13	NEGATIVE	MRNA has a low relative strength, it was outperformed by 93.87% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of MRNA is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MRNA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MRNA is below a declining SMA(200).
Relative Strength Index/RSI (14)	48.13	NEUTRAL	The RSI value for MRNA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.27	POSITIVE	The MACD value suggests MRNA has a positive trend.
Stochastics (14,3)	73.31	NEUTRAL	The Stochastics value for MRNA is a neutral value.
Average True Range in percent/ATR (20)	5.03	HIGH VOLATILITY	The high ATR as a percentage value for MRNA suggests high volalility.
Average Directional Index/ADX (14)	15.4	NEGATIVE	The low ADX value for MRNA suggests a weak or negative trend.