MODERNA INC (MRNA) Stock Technical Analysis
NASDAQ:MRNA - Nasdaq - US60770K1079 - Common Stock - Currency: USD
Taking everything into account, MRNA scores 4 out of 10 in our technical rating. In the past year, MRNA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
92% of all other stocks performed better in the past year than MRNA.
MRNA is one of the lesser performing stocks in the Biotechnology industry. 62% of 558 stocks in the same industry do better.
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.
In the last month MRNA has a been trading in the 25.06 - 34.39 range, which is quite wide. It is currently trading near the high of this range.
MRNA has an average volume of 11501000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MRNA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 33.65. Right above this resistance zone may be a good entry point.
More info and screens
26.58
34.63
2 important support areas can be observed.
- Support @31.58 from a horizontal line in the daily time frame.
- Support @26.85 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 33.65 to 33.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.29 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for MRNA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRNA is up. |
| ChartMill Relative Strength | 8.61 | NEGATIVE | MRNA has a low relative strength, it was outperformed by 91.39% 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) | DOWN | NEGATIVE | The current price of MRNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.85 | NEUTRAL | The RSI value for MRNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MRNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.79 | NEUTRAL | The Stochastics value for MRNA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for MRNA suggests some volalility. |
| Average Directional Index/ADX (14) | 33.4 | POSITIVE | The high ADX value value for MRNA suggests a strong 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)
32.2
+0.14 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.44%
1 Week-6.07%
2 Weeks6.34%
1 Month26.03%
3 Month30.29%
6 Month-5.46%
12 Month-73.42%
2 Year-72.63%
3 Year-80.38%
5 Year-56.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.57
ATR(20)%4.33%
ATR Inc-54.05%
Range Today0.75
ADR(20)1.33
ADR(20)%4.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.61
Mansfield-3.43
10 Day High34.39
10 Day Low29.72
20 Day High34.39
20 Day Low25.06
52 Week High125.68
52 Week Low23.15
CS1 End31.58
CR1 Start33.65
Volume & EV
DER(3)-1.25%
DER(5)-1.96%
Volume6.02M
Volume Incr-31.31%
Vol(5)6.94M
Vol(50)11.50M