MODERNA INC (MRNA) Stock Technical Analysis
NASDAQ:MRNA - Nasdaq - US60770K1079 - Common Stock - Currency: USD
We assign a technical rating of 1 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 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, MRNA is a bad performer in the overall market: 97% of all stocks are doing better.
MRNA is part of the Biotechnology industry. There are 559 other stocks in this industry, of which 78% are performing better than MRNA.
MRNA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MRNA is lagging the market.
MRNA has an average volume of 11167800 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 23.67 - 30.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MRNA has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
23.41
28.95
When analyzing the support we notice one important area.
- Support @23.65 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.88 to 27.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 28.13 to 28.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for MRNA is neutral. |
| ChartMill Relative Strength | 3.66 | NEGATIVE | MRNA has a low relative strength, it was outperformed by 96.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MRNA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MRNA is above 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) | 48.87 | NEUTRAL | The RSI value for MRNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MRNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.66 | NEUTRAL | The Stochastics value for MRNA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.92 | HIGH VOLATILITY | The high ATR as a percentage value for MRNA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.17 | NEUTRAL | The ADX value for MRNA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
26.67
-0.68 (-2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.49%
1 Week-2.88%
2 Weeks0.41%
1 Month12.77%
3 Month-22.96%
6 Month-36.24%
12 Month-80.95%
2 Year-78.05%
3 Year-81.33%
5 Year-58.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.33
ATR(20)%5.92%
ATR Inc-21.78%
Range Today1.04
ADR(20)1.53
ADR(20)%5.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.66
Mansfield-5.29
10 Day High29.19
10 Day Low25.82
20 Day High30.3
20 Day Low23.67
52 Week High139.92
52 Week Low23.15
CS1 End23.65
CR1 Start26.88
Volume & EV
DER(3)0.68%
DER(5)-0.41%
Volume7.18M
Volume Incr-39.4%
Vol(5)8.40M
Vol(50)11.17M